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Safe Check-writing Tips
POSTED Sep 18 2024 | 2 MINUTE READWe have compiled some safe check-writing tips for you since criminals are becoming more sophisticated at finding new ways to steal your financial information. Despite the fact that check use has declined by 25%, reports of check fraud have soared and fraud has nearly doubled since 2021. Mailbox Raids of Checks Criminals are known to raid mailboxes and take off […]
Benefits of a Home Equity Loan
POSTED Sep 12 2024 | 1 MINUTE READYour home is more than just a place to live; it’s a refuge for family and a gathering place for friends. It’s also a valuable tool to use in achieving your financial goals. Tap into the financial value of your house through a home equity loan. What is a Home Equity Loan? It is a special type of loan that […]
Back-to-School Scams
POSTED Jul 26 2024 | 1 MINUTE READAccording to Cybercrime Support Network, there are three circulating scams to watch out for as you and your student prepare to go back to school. Online shopping scams Phishing emails Textbook scams Back-to-School Scams Online shopping scams – Fraudsters create fake websites that appear to be selling popular supplies, textbooks, and clothing at steeply discounted prices. The scammers also create […]
Red Wagon Project School Supply Drive
POSTED Jul 17 2024 | 1 MINUTE READ1st Summit Bank’s Annual Red Wagon Project launches to collect school supplies for community students The Red Wagon Project, an annual collection drive for back-to-school supplies for children in our communities is set to launch July 17, 2024, with 1st Summit Banks annual Prime Connection picnics and will continue at each community office location. The goal of this annual drive […]
Digital Banking Security
POSTED Jul 9 2024 | 2 MINUTE READAt 1st Summit Bank, one of our top priorities is keeping your bank information secure. However, digital banking security is a team effort, so we all need to work together. You are the first line of defense to stop scammers. We can help you. We have compiled a list of easy tips you can use right now to keep scammers […]
What the Red-Hot Job Market Means for Workers
POSTED Aug 3 2022 | 2 MINUTE READThe COVID-19 pandemic kicked off a severe labor shortage — and quite possibly the most worker-friendly job market in many years. Unpredictable demand shifts exposed pre-existing mismatches between the knowledge and skills of available workers and the tasks for which they are needed. The sheer number of available jobs has also been running far above the number of unemployed job […]
6 Keys to More Successful Investing
POSTED Jul 19 2022 | 8 MINUTE READA successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic principles that may help you invest more successfully. Long-term compounding can help your nest egg grow It’s the “rolling snowball” effect. Put simply, compounding […]
Baseball Lessons to Change Up Your Finances
POSTED Apr 18 2022 | 3 MINUTE READBaseball stadiums are filled with optimists. Fans start each new season with the hope that even if last year ended badly, this year could finally be the year. After all, teams rally mid-season, curses are broken, and even underdogs sometimes make it to the World Series. As Yogi Berra famously put it, “It ain’t over till it’s over.”1 Here are a few lessons […]
Splurge or Save? Making the Most of Your Income Tax Refund
POSTED Mar 9 2022 | 2 MINUTE READThe IRS issued more than 128 million income tax refunds for the 2020 filing season, putting $355.3 billion into the hands of U.S. consumers.1 For most recipients, such a sudden influx of cash prompts an important question: What’s the best way to use the money? Last year, 27% of consumers said they planned to spend their refund on everyday expenses, […]
What Do Federal Rate Increases Mean to You?
POSTED Feb 7 2022 | 3 MINUTE READThe original column appeared in the Tribune-Democrat, written by Eric Renner, CEO and President of 1ST SUMMIT BANK. Click here to see original column. Last week, the Federal Reserve announced that interest rates will likely increase starting in March in an effort to tame the economy’s elevated inflation, which currently remains well above the Fed’s goal. To the average consumer, […]
Red Wagon Project School Supply Drive
POSTED Jul 17 2024 | 1 MINUTE READ1st Summit Bank’s Annual Red Wagon Project launches to collect school supplies for community students The Red Wagon Project, an annual collection drive for back-to-school supplies for children in our communities is set to launch July 17, 2024, with 1st Summit Banks annual Prime Connection picnics and will continue at each community office location. The goal of this annual drive […]
1st Summit Bank Fireworks Night
POSTED Jul 1 2024 | 1 MINUTE READ1st Summit Bank Fireworks Night on July 4th is the Independence Day celebration the city of Johnstown has been waiting for! The Johnstown Mill Rats game on Thursday, July 4th will be packed with festivities that will begin with the honoring of Sgt. Michael Strank, who helped raise the flag on the island of Iwo Jima during WWII. The Strank […]
1st Summit Bank Ken Lantzy All-Star Classic
POSTED Mar 22 2023 | 1 MINUTE READ1st Summit Bank is proud to announce an exciting new partnership with the Ken Lantzy All-Star Classic. This ten-year commitment from 1st Summit Bank will result in the annual game to be renamed the “1st Summit Bank Ken Lantzy All-Star Classic.” 1st Summit Bank’s financial commitment to the program will provide vital funding for the academic and performance scholarships that […]
1ST SUMMIT BANK Announces Scholarship Winners
POSTED Sep 5 2022 | 1 MINUTE READ1ST SUMMIT BANK is proud to name Kiera Nadolsky and Dionte Coleman as the scholarship winners of its annual G.H. Miller & Jeanne W. McKelvey, Esq. Scholarship. Both recipients have been awarded $2,500 for tuition costs at the Pennsylvania-based school they are attending this fall. Ms. Nadolsky, Cresson, is a 2022 graduate of Penn Cambria High School and is attending […]
1ST SUMMIT BANK Collects School Supplies for Kids
POSTED Aug 2 2022 | 1 MINUTE READ1st Summit Bank is excited to launch its annual Red Wagon Project, collecting back-to-school supplies for kids in our communities. At each of the Bank’s community offices, community members, customers, and employees alike are encouraged to donate new school supplies or make donations to purchase supplies. These items will then be donated to schools and educational facilities across our communities […]
New Chief Financial Officer
POSTED Mar 15 2024 | 1 MINUTE READ1st Summit Bank adds Allison Johnson as Executive Vice President and Chief Financial Officer/Chief Enterprise Risk Officer in addition to celebrating its 100th year in business in 2024. Ms. Johnson has over 17 years of experience of leading high-performing teams all while managing complex financial challenges and opportunities. The experience and expertise she brings with her to 1st Summit Bank […]
New Chief Human Resources Officer
POSTED Mar 11 2024 | 1 MINUTE READCelebrating its 100th year in business in 2024, 1st Summit Bank is proud to announce the appointment of Tobie Gunby as their new Vice President and Chief Human Resources Officer. Ms. Gunby brings to 1st Summit Bank over 20 years of experience specializing in helping organizations both set up and maintain compliant successful HR systems. In addition, she brings with […]
Four New Business Relationship Managers
POSTED Feb 8 2024 | 2 MINUTE READCelebrating its 100th year in business in 2024, 1st Summit Bank is proud to announce the appointment of four new Business Relationship Managers – Sean McCool and Susan Martin as Business Relationship Managers in the Cambria/Somerset areas as well as the addition of John Kline, VP & Sr. Regional Business Relationship Manager in Westmoreland County, and Aaron Lantzy, VP & […]
Business Relationship Manager in Blair County
POSTED Feb 8 2024 | 1 MINUTE READCelebrating its 100th year in business, we are proud to announce the appointment of Aaron Lantzy as VP & Sr. Regional Business Relationship Manager in the Blair County market. 1st Summit understands the value of having a trusted bank representative at its customers’ fingertips. With this additional Business Relationship Manager in the Blair County market, we are better able to […]
Business Relationship Manager in Westmoreland
POSTED Feb 8 2024 | 1 MINUTE READCelebrating its 100th year in business, we are proud to announce the appointment of John Kline as VP & Sr. Regional Business Relationship Manager in the Westmoreland County market. 1st Summit understands the value of having a trusted bank representative at its customers’ fingertips. With this additional Business Relationship Manager in the Westmoreland market, we are better able to support […]
Benefits of a Home Equity Loan
POSTED Sep 12 2024 | 1 MINUTE READYour home is more than just a place to live; it’s a refuge for family and a gathering place for friends. It’s also a valuable tool to use in achieving your financial goals. Tap into the financial value of your house through a home equity loan. What is a Home Equity Loan? It is a special type of loan that […]
Celebrating 100 Years in Business
POSTED Jan 16 2024 | 1 MINUTE READ1st Summit Bank celebrates its 100 year anniversary of providing financial solutions to the community.
Eastgate Opens as 19th Community Office
POSTED Jan 4 2024 | 1 MINUTE READOn the eve of its 100th year in business, 1st Summit Bank is excited to be opening its 19th bank location and 4th Community Office in Westmoreland County on November 20, 2023. This beautifully renovated office is located on Route 30, in front of the Eastgate Shopping Plaza in Greensburg. “I speak for our entire team when I say that […]
1st Summit Named Best Place to Work in PA
POSTED Dec 14 2023 | 2 MINUTE READ1st Summit Bank is proud to announce that it has been named once again one of the “Best Places to Work in PA.” Coming in with an impressive ranking of 26th, this is the 22nd time in the 23 years of the program that 1st Summit Bank has been named to this prestigious list. “After missing the top 100 in […]
New Altoona Office Now Open
POSTED Oct 27 2023 | 2 MINUTE READ1st Summit Bank opens a new Community Office on 6th Avenue in Altoona! On the eve of its 100th year in business, 1st Summit Bank continues to grow with the opening of its 18th location on October 23, 2023, at 5812 6th Avenue in the Eldorado section of Altoona. This newly renovated space is 1st Summit Bank’s third location in […]
401K Plans
POSTED Aug 28 2023 | 7 MINUTE READQualified cash or deferred arrangements (CODAs) permitted under Section 401(k) of the Internal Revenue Code, commonly referred to as “401(k) plans,” have become one of the most popular types of employer-sponsored retirement plans. How does a 401(k) plan work? With a 401(k) plan, you elect either to receive cash payments (wages) from your employer immediately, or defer receipt of a […]
Financial Tips for Blended Families
POSTED May 8 2023 | 4 MINUTE READCombining finances can be complicated for any couple, but the challenges become more complex the second time around, especially when children are involved. Here are some ideas to consider if you are already part of a blended family or looking forward to combining households sometime soon. Be Clear and Comprehensive It’s important to reveal all assets, income, and debts, and […]
Double Up with a Spousal IRA
POSTED Mar 2 2023 | 2 MINUTE READIf you and your spouse are looking for a way to build your retirement savings but one of you is not working, you might consider funding a spousal IRA. This could be the same IRA that the spouse contributed to while working or it could be a new account. In either case, IRS rules allow a married couple to fund […]
6 Famous People Who Died Without Proper Planning
POSTED Sep 25 2022 | 4 MINUTE READThe importance of proper estate planning cannot be overstated, regardless of the size of your estate or the stage of life you’re in. Nevertheless, it’s surprising how many American adults haven’t put a plan in place. You might think that those who are rich and famous would be way ahead of the curve when it comes to planning their estates […]
Building Financial Resilience
POSTED Aug 30 2022 | 2 MINUTE READInflation, roller-coaster markets, global events, and life circumstances can test anyone’s fortitude. You may not feel ready to handle these pressure-filled times and might worry about the potential effects on your financial well-being. Fortunately, you can take steps to build the resilience you need to help handle the turbulence and hopefully emerge even stronger. Focus on the Foundation Developing a […]
Safe Check-writing Tips
POSTED Sep 18 2024 | 2 MINUTE READWe have compiled some safe check-writing tips for you since criminals are becoming more sophisticated at finding new ways to steal your financial information. Despite the fact that check use has declined by 25%, reports of check fraud have soared and fraud has nearly doubled since 2021. Mailbox Raids of Checks Criminals are known to raid mailboxes and take off […]
Back-to-School Scams
POSTED Jul 26 2024 | 1 MINUTE READAccording to Cybercrime Support Network, there are three circulating scams to watch out for as you and your student prepare to go back to school. Online shopping scams Phishing emails Textbook scams Back-to-School Scams Online shopping scams – Fraudsters create fake websites that appear to be selling popular supplies, textbooks, and clothing at steeply discounted prices. The scammers also create […]
Digital Banking Security
POSTED Jul 9 2024 | 2 MINUTE READAt 1st Summit Bank, one of our top priorities is keeping your bank information secure. However, digital banking security is a team effort, so we all need to work together. You are the first line of defense to stop scammers. We can help you. We have compiled a list of easy tips you can use right now to keep scammers […]
The Package Delivery Scam
POSTED Apr 12 2024 | 1 MINUTE READThe Package Delivery Scam is the latest scam feature in this week’s episode of the 1st Summit Scam Sleuth. The Scam: The Package Delivery Scam The Hook: You receive a text or an email alerting you to a package on the way but there is a problem with delivering it. Then the scammers send a link asking you to update […]
The Tax Season Scam
POSTED Mar 24 2024 | 1 MINUTE READ1st Summit’s Scam Sleuth is on the case of the latest scam-the Tax Season Scam! It’s Tax Season and cyber criminals are looking to get paid too. Scammers send out very official-looking emails to trick you into clicking a link or attachment. They even include instructions to paste the URL into your browser in case the link isn’t working. Don’t […]