First Keystone Corporation Announces Leadership Change
First Keystone Corporation (OTC Pink: FKYS), parent company of First Keystone Community Bank, announced today that the Boards of
Directors have appointed Elaine A. Woodland as President and Chief Executive Officer of the corporation and the bank. Ms. Woodland
has previously served as the Treasurer of the corporation and Chief Operating Officer of the bank since 2014. She had been
appointed as the interim President and Chief Executive Officer of the corporation and the bank in April 2018.
In making this decision, the Board of Directors assessed the corporation’s strategic plan, its current and ongoing needs, and
the organization’s and management team’s breadth and depth and determined it was in the best interests of the corporation and its
shareholders to appoint Ms. Woodland as the permanent President and Chief Executive Officer of the corporation and bank.
Speaking on behalf of the Board of Directors, Robert A. Bull, Chairman of the Board of Directors stated, “We reviewed the
corporation’s recent performance and Ms. Woodland’s contributions to that performance and believe that she is the most qualified
candidate to deliver the best results for our corporation and shareholders. Ms. Woodland has served the corporation and bank in
many roles over the years including most recently as interim President and Chief Executive Officer.” Mr. Bull continued, “We are
pleased that Elaine will bring her unique set of skills and extensive experience to this role, and she has already made a
significant positive impact in her time as interim President and Chief Executive Officer.”
About First Keystone Corporation
First Keystone Corporation is the parent holding company for First Keystone Community Bank which provides innovative business
and personal banking products that focus on “Yesterday’s Traditions. Tomorrow’s Vision.” The Bank currently operates offices in
Columbia (5), Luzerne (8), Montour (1), Monroe (4), and Northampton (1) counties.
Forward-Looking Statements
This news release may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the
Securities Exchange Act of 1934, as amended, and as such may involve known and unknown risk, uncertainties and other factors which
may cause the actual results of First Keystone Corporation to be materially different from future results expressed or implied by
such forward-looking statements. These forward-looking statements can be identified by use of terminology such as “expect”, “plan”,
“anticipate”, “believe”, “estimate”, and similar words that are intended to identify such forward-looking statements. These
forward-looking statements are based on management’s current expectations, assumptions, estimates, and projections about the
Corporation, the financial services industry, and the economy. The Private Securities Reform Act of 1995 provides safe harbor in
the event the projected future operations are not met. There are a number of future factors such as changes in fiscal or monetary
policy, or changes in the economic climate that will influence the Corporation’s future operations. These factors are difficult to
predict with regard to how likely and to what degree or significance that they would occur. Actual results may differ materially
from what may have been forecasted in the forward-looking statements. We are not obligated to publicly update any forward-looking
statements to reflect the effects of subsequent events.
First Keystone Corporation
Robert A. Bull, 570-752-3671
Chairman of the Board
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