Exciting Changes at Embassy Bancorp, Inc.
Embassy Bancorp, Inc. (OTCQX: EMYB) is thrilled to share significant leadership news with stakeholders. Jeffrey Skumin, previously the Executive Vice President of Finance, has been promoted to Chief Financial Officer (CFO). His appointment, effective immediately, marks a pivotal moment for the company and its dedicated subsidiary, Embassy Bank for the Lehigh Valley.
Jeffrey Skumin's Robust Experience
Since joining Embassy in March 2020, Mr. Skumin has played a crucial role in guiding the finance department. His strategic insights and keen financial acumen have been instrumental in shaping the organization's approach to fiscal growth and stability.
Jeffrey's extensive experience is rooted in a distinguished 19-year career as a Certified Public Accountant (CPA). He served as an audit partner specializing in the financial institutions sector for a national accounting firm, providing him with invaluable exposure to a wide range of community banks. Just before becoming part of Embassy, Mr. Skumin was the Chief Accounting Officer for a significant regional banking institution, further enhancing his expertise in the banking arena.
A Community-Focused Leader
Born and raised in the Lehigh Valley, Mr. Skumin is not only a well-respected financial leader but also a community-oriented individual. He graduated from Muhlenberg College and has contributed his time and skills to various local organizations, further signifying his commitment to the region's development.
In discussing Mr. Skumin's promotion, David M. Lobach, Jr., Chairman, President, and CEO of Embassy Bancorp stated, “Jeff’s extensive experience and proven leadership make him an outstanding choice for CFO. We are excited to have him continue to guide our financial operations as we grow and serve our community.”
Embassy Bancorp's Community Banking Mission
Embassy Bancorp, Inc. has been a pivotal player in community banking since its inception in 2001. With assets reaching $1.7 billion and a robust framework of 10 branches, the company offers a comprehensive array of digital banking services aimed at enhancing customer experience.
As of mid-2025, Embassy Bank has achieved an impressive status by ranking 4th in deposit market share across the Lehigh and Northampton Counties. The institution’s commitment to excellence was recognized with several prestigious awards in 2025, including The Morning Call’s “Best Bank,” Lehigh Valley Style’s “Best Bank,” and “Best Mortgage Company,” along with a 5-star rating from Bauer Financial, indicating strength and stability in the banking sector.
Looking Ahead: Growth and Community Commitment
With Mr. Skumin now at the helm as CFO, Embassy Bancorp is well-positioned for future growth and innovation. His leadership will undoubtedly play a critical role in navigating the evolving banking landscape while ensuring that the institution continues to meet the needs of its customers and the community.
For anyone interested in the latest developments from Embassy Bancorp, detailed information can be found through their official website: www.embassybank.com.
Frequently Asked Questions
Who is the new CFO of Embassy Bancorp, Inc.?
Jeffrey Skumin has been promoted to Chief Financial Officer of Embassy Bancorp, Inc.
When did Jeffrey Skumin become CFO?
Jeffrey Skumin's appointment as CFO is effective immediately, although the announcement was made recently.
What notable achievements does Embassy Bancorp have?
Embassy Bancorp is recognized as one of the top banks in the region, winning awards such as The Morning Call’s “Best Bank” and earning a 5-star rating from Bauer Financial.
What is Embassy Bancorp's asset value?
Embassy Bancorp manages assets totaling $1.7 billion.
How long has Embassy Bancorp been operating?
Embassy Bancorp has been serving the community since 2001.
