EMBASSY BANCORP, INC. : Change in Directors or Principal Officers (form 8-K)
January 05, 2023 at 10:18 am EST
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Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously announced, effective December 31, 2022, James R. Bartholomew,
Senior Executive Vice President of Embassy Bancorp, Inc. and its wholly-owned
banking subsidiary Embassy Bank for the Lehigh Valley (collectively the
"Company"), has retired. Mr. Bartholomew has also retired from his position as
Senior Lending Officer of Embassy Bank for the Lehigh Valley (the "Bank")
effective December 31, 2022. Mr. Bartholomew began his banking career in 1974
and joined the Bank at its inception in November 2001, overseeing the growth of
the Bank's loan portfolio to over $1.1 billion through September 30, 2022. Mr.
Bartholomew's determination to retire is not related to any disagreement on any
matter related to the Company's operations, policies or practices. In connection
with Mr. Bartholomew's retirement, Senior Vice President Michael B. Macy has
been named Embassy Bank for the Lehigh Valley's Chief Lending Officer Business
Banking.
Embassy Bancorp, Inc. is a bank holding company. The Company's operating subsidiary is Embassy Bank for The Lehigh Valley (the Bank). The Company acts as an independent community financial services provider and offers banking and related financial services to individual, business, and government customers. The Company offers an array of commercial and retail financial services, including the taking of time, savings, and demand deposits; the making of commercial, consumer, residential mortgage, and home equity loans; and the providing of other financial services. The Company offers its retail customer base a product line of consumer loan services, including mortgage loans, first time home buyer mortgages, secured home equity loans, lines of credit, auto loans, and, to a much lesser extent, unsecured personal loans. It offers a range of specialty home equity and mortgage products. Its other services include mobile banking, commercial credit cards, safe deposit boxes, among others.