Portage Community Bank Welcomes C. Joseph Assid as CFO
Portage Community Bank Appoints New Executive Leader
Portage Community Bank is thrilled to announce the appointment of C. Joseph Assid as the new Executive Vice President and Chief Financial Officer. With a rich experience spanning over twenty-five years in financial institution accounting, audit, and assurance services, Mr. Assid brings invaluable expertise to this significant role. His leadership will not only enhance operational efficiency at Portage Community Bank but also ensure that the bank continues to provide exceptional service to its customers and the community.
Commitment to Community Banking
In welcoming Mr. Assid, Connie M. Bennett, the Chief Executive Officer of Portage Community Bank, expressed her excitement. His extensive knowledge and experience in assisting financial institutions through complex challenges will be crucial as the bank progresses in its service to communities. Bennett believes that Mr. Assid's vision aligns seamlessly with the bank's core values, setting the stage for continued growth.
Leadership Transition
Bennett took a moment to acknowledge the role played by Robert S. Standardi, who served as interim CFO following the passing of the longtime CFO Donald D. Herman. Standardi's leadership has provided stability during a challenging period, and he will remain integral to the bank’s operations as Executive Vice President and Chief Operating Officer.
Mr. Assid's Role and Responsibilities
As the newly appointed CFO, Mr. Assid will oversee all financial operations at Portage Community Bank. His responsibilities will encompass budgeting, accounting, financial reporting, investment performance, and asset liability management. His vast experience promises to be a substantial asset to the bank's strategic planning and its commitment to financial excellence.
Vision for the Future
Mr. Assid shared his enthusiasm about joining the Portage Community Bank team. He expressed eagerness to contribute to the bank's mission of community-focused banking while maintaining high standards of financial excellence. His aim is to support long-term success, create value for customers and shareholders, and foster opportunities for team members and the community.
Professional Background
Before his current role, Mr. Assid was a Principal at S.R. Snodgrass, P.C., a well-regarded public accounting firm. His significant work in audit and assurance for financial institutions equips him with a robust understanding of changing accounting standards and SEC reporting requirements. His extensive experience includes overseeing annual financial statement audits and ensuring clients are compliant with regulations.
Educational Background
Mr. Assid graduated from Washington and Jefferson College in Pennsylvania, where he earned his bachelor's degree in accounting. Additionally, he is a licensed Certified Public Accountant, further solidifying his credentials in the financial sector.
Conclusion
Portage Community Bank’s commitment to its customers and community is reinforced with Mr. Assid's appointment. As the bank continues to thrive in a competitive financial landscape, the leadership under Mr. Assid promises a focus on sustainable growth and financial performance.
Frequently Asked Questions
Who is C. Joseph Assid?
C. Joseph Assid is the new Executive Vice President and Chief Financial Officer of Portage Community Bank, with over twenty-five years of experience in financial services.
What are Mr. Assid's primary responsibilities at PCB?
As CFO, Mr. Assid oversees financial operations, including budgeting, accounting, financial reporting, and strategic planning.
What did Connie M. Bennett say about Mr. Assid's appointment?
Connie M. Bennett expressed excitement about Mr. Assid's extensive experience and how it aligns with the bank's values for community-focused banking.
What was Robert S. Standardi's role during this transition?
Robert S. Standardi served as the interim CFO following the passing of previous CFO Donald D. Herman and will continue as EVP and COO.
What educational background does Mr. Assid have?
Mr. Assid holds a bachelor's degree in accounting from Washington and Jefferson College and is a licensed Certified Public Accountant.
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