DUNMORE, Pa., May 01, 2017 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (OTCQX:FNCB) (“FNCB”), the parent company of Dunmore-based FNCB Bank today announced that the Bank will implement a comprehensive branch network improvement program, with a focus on the overall customer experience, to strengthen, better position and expand its market coverage by developing new state-of-the-art customer facilities as well as relocating and consolidating select locations.
“This program reflects an internal analysis of our service footprint and evolving customer delivery channels, combined with an evaluation of the ongoing functionality of our existing service locations,” said Gerard A. Champi, President and Chief Executive Officer. “We remain committed to a strong customer service presence across our Northeastern Pennsylvania service area driven by a robust branch system that provides an efficient and effective banking experience for customers. This additional investment in our banking network is consistent with other recent spending to relocate or renovate branch locations, as well as continued investment in the latest technology that enables customers to remotely transact their banking business.”
The process of repositioning and focusing the retail banking network began today with regulatory submissions to the appropriate state and federal agencies. The activities covered by these and subsequent planned regulatory submissions include:
- Consolidation of the Honesdale Route 6 branch into the Honesdale Main Street branch.
- Relocation of Plains, Pittston (Route 315), and Hanover Township branches to a new state-of-the-art facility to be constructed in the “Richland 315” development in Plains Township.
- Evaluating the development of a new state-of-the-art facility in Taylor Borough, at the Taylor Commons shopping complex.
- Analyzing development options for a new state-of-the-art facility at the intersection of South Blakely and East Drinker Streets (Dunmore Corners) on a current customer parking lot.
At the conclusion of this comprehensive branch network improvement program, FNCB will retain a strong retail banking presence in Northeastern Pennsylvania along with a limited purpose banking office (“LPO”) in Allentown, PA, which opened in January 2017 in the growing Lehigh Valley marketplace.
In addition to the proposed changes, FNCB recently opened a new “Lending Center” in a building that it acquired and renovated at 106 East Drinker Street, next to the Bank’s Main office in Dunmore. The new office houses both the residential mortgage and commercial lending sales teams.
Mr. Champi continued, “We are a true local community bank committed to providing exemplary customer service and to helping the areas we serve grow and prosper. We believe that all of these actions will provide a positive contribution to our customers’ banking experience. In addition, we believe the substantial investment we’re making in facilities and people demonstrates our long-term commitment to Northeastern Pennsylvania and surrounding areas. FNCB Bank plans to remain headquartered here and continue growing and improving to make us an even better bank. We plan to continue being the local “go-to” community bank for years to come.”
In the coming weeks and months FNCB will communicate with customers, shareholders and other stakeholders, to update our progress as we work to complete this process.
About FNCB Bancorp, Inc.:
FNCB Bancorp, Inc. is the bank holding company of FNCB Bank, which provides personal, small business and commercial banking services to individuals and businesses throughout Northeastern Pennsylvania and the Lehigh Valley. FNCB Bank was established as a National Banking Association in 1910 as The First National Bank of Dunmore, and had been operating under the name First National Community Bank from 1988 through June 2016. Effective June 30, 2016, the institution changed its name to FNCB Bank upon its conversion from a national charter to a Pennsylvania state charter. On December 8th, 2016, FNCB announced that BauerFinancial,® the nation’s leading independent bank and credit union rating and research firm, rated its wholly-owned subsidiary, FNCB Bank a 5-Star (“superior”) institution. The 5-star rating places FNCB Bank on Bauer’s prestigious list of recommended financial institutions. For more information about FNCB, visit www.fncb.com.
