Leadership Transition at Jeffersonville Bancorp
Jeffersonville Bancorp, Inc. (OTCQB - JFBC) has recently faced a significant change in its leadership with the resignation of Director Philip Coombe, III. This decision took effect immediately, marking the end of a noteworthy chapter for both Jeffersonville Bancorp and its subsidiary, Jeff Bank.
A Decade of Service and Contributions
Mr. Coombe's tenure as a director began in 2012, and throughout the years, he has made invaluable contributions to the organization. His efforts during his time on the board have been instrumental in guiding the growth and development of both Jeffersonville Bancorp and Jeff Bank. Notably, he held key positions on various committees, including serving as Chairman of the Asset and Liability and Compliance Committees.
Reasons Behind the Resignation
The decision for Mr. Coombe to step down stems from an increase in his business and professional commitments. As individuals grow in their careers, it is not uncommon to reassess their ability to dedicate time to various responsibilities, and Mr. Coombe’s decision reflects that reality.
Expressions of Gratitude and Future Outlook
Mr. Coombe expressed his gratitude for the time spent on the board, remarking, “I am grateful for the opportunity to serve on the board and contribute to the Company's vision and growth over the past 12 years.” His involvement has left a lasting impact, and he assured continued support for Jeff Bank moving forward.
George W. Kinne, Jr., the President and CEO of Jeffersonville Bancorp, echoed these sentiments, acknowledging Mr. Coombe's dedication. “It has been a privilege sitting beside Mr. Coombe during his time on the board. We wish him all the best in his future endeavors and know that he will continue to be a supporter of Jeff Bank,” he remarked.
About Jeffersonville Bancorp and Jeff Bank
As a one-bank holding company, Jeffersonville Bancorp proudly owns all the capital stock of Jeff Bank, which operates with ten full-service branches in various locations including Sullivan and Orange County. Communities such as Anawana Lake Road/Monticello, Aldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro are served by Jeff Bank, reflecting its commitment to providing financial services that cater to the needs of local residents.
For more detail or inquiries, individuals are encouraged to contact George W. Kinne, Jr., President – CEO at 845-482-4000.
Frequently Asked Questions
What prompted Philip Coombe's resignation?
Philip Coombe resigned due to his expanding business and professional obligations.
How long did Philip Coombe serve on the board?
Mr. Coombe served on the board of Jeffersonville Bancorp for 12 years.
Who is the current President and CEO of Jeffersonville Bancorp?
The current President and CEO is George W. Kinne, Jr.
Where are Jeff Bank’s branches located?
Jeff Bank has ten full-service branches in Sullivan and Orange County, New York.
What role did Philip Coombe hold on the board?
Mr. Coombe served on every committee and was the Chairman of the Asset and Liability and Compliance Committees.
