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 […]
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 […]
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 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 […]
New Business Relationship Manager in Allegheny County
POSTED Dec 13 2024 | 1 MINUTE READ1st Summit Bank is pleased to announce the appointment of Nickolaus Latta as Vice President and Senior Regional Business Relationship Manager for the Greater Allegheny County market. This appointment marks an important step in the Bank’s strategic growth, coinciding with its 100th anniversary and the continued expansion of its presence in the region. Mr. Latta joins 1st Summit Bank with […]
One Year Anniversary of Eastgate Office
POSTED Dec 6 2024 | 1 MINUTE READOn Wednesday, December 4, 2024, a small reception was held at 1st Summit Bank with numerous 1st Summit Bank employees, board members, advisory board members and other special guests in celebration of one full year of business in their Eastgate Community Office located in Greensburg, PA. The Eastgate Office, conveniently located along Route 30, officially opened for business November 20, […]
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 […]
