First Keystone Financial Announces Hugh Garchinsky Appointed as New Chief Financial Officer
27 Agosto 2008 - 3:05PM
Business Wire
First Keystone Financial, Inc. (NASDAQ:FKFS)(the �Company�),
announced the appointment of Hugh Garchinsky to Senior Vice
President and Chief Financial Officer of the Company and its wholly
owned subsidiary, First Keystone Bank (the �Bank�). Mr.
Garchinsky�s most recent experience includes The Peoples Bank of
Oxford where he served from 1992 until 2007 including as President
and CEO from 2000 until its merger in 2004 with National Penn Bank
after which he served as President of the Peoples Division until
2007. Earlier in his career, Garchinsky was the Chief Financial
Officer of Freedom Valley Bank, a de novo institution headquartered
in West Chester, PA. Garchinsky earned an MBA with concentrations
in Finance and Economics from Drexel University. He has also served
as an adjunct professor of Economics at Widener University and
Immaculata University. �Hugh is a great addition to our
organization and we look forward to working with him. His strong
financial background will help solidify the initiatives we have
implemented to move us closer to completing our transition from a
traditional residential lender to a community bank with a strong
emphasis on providing commercial products and services for the
small and medium-sized businesses within our community,� said
Donald S. Guthrie, Interim Chief Executive Officer. First Keystone
Bank serves its customers from eight full-service offices in
Delaware and Chester Counties, Pennsylvania. Certain information in
this release may constitute forward-looking statements as that term
is defined in the Private Securities Litigation Act of 1995. Such
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
estimated due to a number of factors. Persons are cautioned that
such forward-looking statements are not guarantees of future
performance and are subject to various factors, which could cause
actual results to differ materially from those estimated. These
factors include, but are not limited to, changes in general
economic and market conditions and the development of an interest
rate environment that adversely affects the interest rate spread or
other income from the Company's and the Bank's investments and
operations. The Company does not undertake and specifically
disclaims any obligation to publicly release the result of any
revisions which may be made to any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.
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