First Resource Bancorp Welcomes New Directors Amid Strategic Board Revamp

First Resource Bancorp, Inc

EXTON, PAFirst Resource Bancorp, Inc. (OTCQX: FRSB), along with its subsidiary First Resource Bank, announced the appointment of Pamela M. Cyr and Michael Hohl to its Board of Directors. This announcement comes as the company bids farewell to one of its founding Directors, John P. O’Connell, marking the end of an era and the beginning of a new chapter in the bank’s leadership.

Pamela M. Cyr, with her extensive background of over 30 years in financial services, steps into the role with a wealth of experience. Having navigated through various executive positions including CEO, CFO, and Chief Retail Officer in banks with assets ranging from $400 million to $6 billion, Cyr’s depth of knowledge in banking is poised to bring valuable insights to First Resource Bancorp’s strategic planning and operations.

On the other hand, Michael Hohl brings a different yet complementary expertise to the board, with his significant experience in managing multi-million dollar projects and a deep understanding of the local business ecosystem. As the owner, estimator, and project manager of Lyons & Hohl, his perspective is expected to support the bank’s mission of serving the needs of local small businesses effectively.

Lauren C. Ranalli, President, and CEO of First Resource Bancorp, expressed enthusiasm over the new appointments, stating, “Pam and Michael’s insights will play a crucial role in devising and executing effective strategies as the Company seeks to expand and solidify its presence in the market.”

The retirement of John P. O’Connell from the Board marks the departure of a key figure who has been instrumental in guiding the bank through its formative years and beyond. His near two decades of service have been characterized by dedication and a visionary approach that helped steer the organization through numerous challenges. James B. Griffin, Board Chairman of First Resource Bancorp, Inc., praised O’Connell’s contributions, acknowledging his critical role in the bank’s resilience and success.

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The introduction of Cyr and Hohl to the Board of Directors represents a significant step for First Resource Bancorp as it navigates the evolving financial landscape. Their combined expertise in finance and local business development is expected to enhance the bank’s strategic direction, fostering growth and strengthening its commitment to supporting small businesses within Chester County and beyond.

This transition reflects the bank’s adaptability and forward-thinking approach, setting the stage for continued innovation and leadership in the financial sector.

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