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1st Summit Bancorp of Johnstown, Inc. Announces Resignation of President and Chief Executive Officer and Appointment of New President and Chief Executive Officer
POSTED Mar 31 2025 | 3 MINUTE READ1st Summit Bancorp of Johnstown, Inc., Inc (OTC Pink: FSMK), the parent company for 1st Summit Bank (the “Bank”), announced today that Eric Renner has submitted his voluntary resignation due to personal reasons as President and Chief Executive Officer and Director of the Company and the Bank, effective March 28, 2025. Mr. Renner has served in these positions at the […]
Understanding Your Credit Score and Credit Report
POSTED Mar 26 2025 | 2 MINUTE READYour credit score and credit report play a crucial role in your financial life. They affect everything from loan approvals to interest rates and even job opportunities. Lenders use your credit score, based on your credit report, to evaluate how likely you are to repay borrowed money. What is a Credit Report? Your credit report is a full list of […]
Creating a Yearly Budget
POSTED Feb 26 2025 | 2 MINUTE READThe new year is a new opportunity to set financial goals, build better spending habits, and take control of your finances. One of the best ways to ensure financial success is by creating a yearly budget. A well-planned yearly budget helps you: Manage your money. Reduce financial stress. Avoid unnecessary debt and control spending. Prepare for major expenses like holiday […]
Using Your Home as Collateral
POSTED Feb 6 2025 | 1 MINUTE READYour home is one of your most valuable assets and it can be a powerful financial tool. However, using your home’s equity as collateral requires careful consideration. Here’s how to make informed decisions about leveraging your home’s equity. When To Use Your Home as Collateral: Major Home Improvements – Increase your home’s value with renovations that boost resale potential. […]
New Mortgage Loan Officer in Westmoreland County
POSTED Jan 31 2025 | 1 MINUTE READ1st Summit Bank is pleased to announce the appointment of Carly Kuzar as Assistant Vice President and Mortgage Loan Officer for the Westmoreland County market. This strategic appointment aligns with the Bank’s ongoing efforts to enhance community banking options throughout Latrobe and the surrounding Westmoreland and Indiana County area. Ms. Kuzar brings a wealth of experience to 1st Summit Bank […]
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, […]
Understanding Your Credit Score and Credit Report
POSTED Mar 26 2025 | 2 MINUTE READYour credit score and credit report play a crucial role in your financial life. They affect everything from loan approvals to interest rates and even job opportunities. Lenders use your credit score, based on your credit report, to evaluate how likely you are to repay borrowed money. What is a Credit Report? Your credit report is a full list of […]
Creating a Yearly Budget
POSTED Feb 26 2025 | 2 MINUTE READThe new year is a new opportunity to set financial goals, build better spending habits, and take control of your finances. One of the best ways to ensure financial success is by creating a yearly budget. A well-planned yearly budget helps you: Manage your money. Reduce financial stress. Avoid unnecessary debt and control spending. Prepare for major expenses like holiday […]
Using Your Home as Collateral
POSTED Feb 6 2025 | 1 MINUTE READYour home is one of your most valuable assets and it can be a powerful financial tool. However, using your home’s equity as collateral requires careful consideration. Here’s how to make informed decisions about leveraging your home’s equity. When To Use Your Home as Collateral: Major Home Improvements – Increase your home’s value with renovations that boost resale potential. […]
5 Tips to Avoid Unnecessary Debt During the Holidays
POSTED Nov 29 2024 | 1 MINUTE READThe holidays are fast approaching, and we hope you are anticipating a festive season with friends, family, great food, and maybe even a trip or two. While the holidays are a time for celebration, it can also be a time of financial stress for many. We want to support you with practical tips to avoid the stress of debt not […]
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 […]
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 […]
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 […]
CEO and CFO Named to Top 100 People List
POSTED Feb 8 2023 | 2 MINUTE READ1ST SUMMIT BANK is proud to announce that Eric Renner, CEO & President, and Carol Myers, Chief Financial Officer, have been named to the Pennsylvania Business Central Top 100 People of 2023 list. The Top 100 People list is comprised of business leaders in Central Pennsylvania whose unique contributions to the region have set them apart from the rest of […]
1ST SUMMIT BANK named “Best Bank To Work For” by American Banker Magazine
POSTED Dec 8 2022 | 2 MINUTE READ1ST SUMMIT BANK is proud to announce that it has been named one of the “Best Banks to Work For” in the United States by American Banker and Best Companies Group. This is the ninth year in a row that 1ST SUMMIT BANK has been named to this prestigious list. The Best Banks to Work For program, which began in […]
New Senior Vice-president and Chief Credit Officer
POSTED Aug 18 2022 | 1 MINUTE READ1ST SUMMIT BANK is proud to announce the appointment of Joseph Kelly as Senior Vice President and Chief Credit Officer as of April 25, 2022. As Chief Credit Officer, Mr. Kelly is responsible for overseeing credit administration, consumer underwriting and processing, mortgage underwriting and processing, collections, and loan workout. He brings a myriad of experience in commercial and consumer lending […]
1st Summit Bancorp of Johnstown, Inc. Announces Resignation of President and Chief Executive Officer and Appointment of New President and Chief Executive Officer
POSTED Mar 31 2025 | 3 MINUTE READ1st Summit Bancorp of Johnstown, Inc., Inc (OTC Pink: FSMK), the parent company for 1st Summit Bank (the “Bank”), announced today that Eric Renner has submitted his voluntary resignation due to personal reasons as President and Chief Executive Officer and Director of the Company and the Bank, effective March 28, 2025. Mr. Renner has served in these positions at the […]
New Mortgage Loan Officer in Westmoreland County
POSTED Jan 31 2025 | 1 MINUTE READ1st Summit Bank is pleased to announce the appointment of Carly Kuzar as Assistant Vice President and Mortgage Loan Officer for the Westmoreland County market. This strategic appointment aligns with the Bank’s ongoing efforts to enhance community banking options throughout Latrobe and the surrounding Westmoreland and Indiana County area. Ms. Kuzar brings a wealth of experience to 1st Summit Bank […]
New Mortgage Loan Officer in Somerset County
POSTED Jan 31 2025 | 1 MINUTE READ1st Summit Bank is excited to announce the appointment of Diamond Pyle as Assistant Vice President and Mortgage Loan Officer for Somerset County. This strategic addition comes as part of the bank’s ongoing efforts to expand its presence and enhance service to the communities it serves, aligning with its growth objectives during its 100th year. In her new role, Ms. […]
Tonya Kelly Appointed Chief Security Officer
POSTED Jan 27 2025 | 1 MINUTE READ1st Summit Bank is pleased to announce the appointment of Tonya Kelly as Chief Security Officer. This announcement comes as the bank celebrates its 100th year in business, marking a significant milestone and reaffirming its commitment to strategic growth. Ms. Kelly has been a dedicated member of the 1st Summit team for 27 years, with her most recent role in […]
1st Summit Bank Named Best Places to Work in PA
POSTED Dec 26 2024 | 2 MINUTE READ1st Summit Bank is proud to announce that Central Penn Business Journal and Lehigh Valley Business has named 1st Summit Bank the 25th best medium sized work place to work in PA . The awards are held in partnership with Best Companies Group. This is the 23rd time in 24 years of this program the Bank has placed on this […]
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 […]
Avoid Check Scams
POSTED Dec 26 2024 | 1 MINUTE READAccording to the Financial Crimes Enforcement Network (FinCEN), check fraud incidents reached an all-time high in 2022 with 680,000 cases nationwide. Let’s review some practical pointers to avoid check scams. Criminals increasingly target the United States Postal Service to commit check fraud. Criminals steal checks from mailboxes, and then alter them, a technique known as “check washing.” Criminals use chemicals […]
6 Steps to Keep Your Information Secure
POSTED Nov 13 2024 | 1 MINUTE READAt 1st Summit Bank, we are committed to security. We have state-of-the-art cyber security measures to keep your personal information, and your banking information, locked down. We are doing our part, but are you doing your part to keep your information secure? How private IS your personal information? Have you searched for your name online? It might surprise you to […]
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 […]