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Abington Bancorp, Inc. Announces Thomas J. Wasekanes Appointed as New Senior Vice President and Chief Lending Officer
(Marketwire Via Acquire Media NewsEdge) JENKINTOWN, PA, September 3 / MARKET WIRE/ --
Abington Bancorp, Inc. (the "Company")
(NASDAQ: ABBC) announced today that Thomas J. Wasekanes has been promoted
to Senior Vice President of the Company and Senior Vice President and Chief
Lending Officer of the Company's wholly owned subsidiary, Abington Bank
(the "Bank"). Mr. Wasekanes will succeed Edward W. Gormley, who recently
announced his retirement after 37 years with the Bank.
Mr. Wasekanes has been with the Bank since 1988, most recently serving as
Vice President of Mortgage Lending. Mr. Wasekanes has diversified mortgage
and real estate experience going back to 1976.
Robert W. White, Chairman, President and CEO of the Company, stated, "Tom
is a great addition to our senior management team."
Abington Bancorp, Inc. is the holding company for Abington Bank. Abington
Bank is a Pennsylvania-chartered, FDIC-insured savings bank which was
originally organized in 1867. Abington Bank conducts business from its
headquarters and main office in Jenkintown, Pennsylvania as well as twelve
additional full service branch offices and seven limited service banking
offices located in Montgomery, Bucks and Delaware Counties, Pennsylvania.
As of June 30, 2008, Abington Bancorp had $1.1 billion in total assets,
$641.2 million in deposits and $247.6 million in stockholders' equity.
Statements contained in this news release which are not historical facts
may be forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
are subject to risks and uncertainties which could cause actual results to
differ materially from those currently anticipated due to a number of
factors. Factors which could result in material variations include, but are
not limited to, changes in interest rates which could affect net interest
margins and net interest income, competitive factors which could affect net
interest income and non-interest income, changes in demand for loans,
deposits and other financial services in the Company's market area; changes
in asset quality, general economic conditions as well as other factors
discussed in documents filed by the Company with the Securities and
Exchange Commission from time to time. Investors are encouraged to access
the Company's periodic reports filed with the Securities and Exchange
Commission for financial and business information regarding the Company at
www.abingtonbank.com under the Investor Relations menu. The Company
undertakes no obligation to update these forward-looking statements to
reflect events or circumstances that occur after the date on which such
statements were made.
Contact:
Robert W. White
Chairman, President and CEO
or
Jack Sandoski
Senior Vice President and CFO
(215) 886-8280
Copyright ? 2008 Marketwire
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