First Resource Bank Announces Date of 2022 Annual Meeting

First Resource Bank (OTCQX FRSB)

EXTON, PA First Resource Bank (OTCQX: FRSB) announced that it will hold its 2022 Annual Meeting of Shareholders on April 27, 2022 at 9:00 a.m. at the Hilton Garden Inn, 720 Eagleview Boulevard, Exton, PA 19341.

At the annual meeting, the Bank’s shareholders will consider a proposal to form a bank holding company to own all of the Bank’s outstanding common stock, in addition to other typical annual meeting matters. The Bank expects to mail annual meeting materials to shareholders on or about March 21, 2022, and shareholders do not need to take any action at this time.

Under the Company’s bylaws, a shareholder wishing to place a matter on the agenda for consideration at an annual meeting of shareholders must provide written notice 90 to 150 days prior to the meeting, and shareholders wishing to nominate a director at an annual meeting of shareholders must provide written notice 90 to 120 days prior to the meeting.  For the 2022 annual meeting to be held on April 27, 2022, the period for a shareholder to provide notice of a matter to be placed on the agenda for consideration at the 2022 annual meeting is now open and will expire on January 27, 2022, and the period for a shareholder to provide notice of a director nomination will commence on December 28, 2021, and will also expire on January 27, 2022.

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