Johnstown-based 1st Summit Bancorp of Johnstown, the parent company for 1st Summit Bank, recently announced that Eric Renner, president, CEO, and company and bank director, resigned effective March 28. He cited personal reasons.
The company appointed Allison Johnson as his replacement. Johnson was executive vice president, chief financial officer and chief risk officer. She now becomes president and CEO in addition to her chief financial officer and chief risk officer roles.
Johnson has more than 17 years of banking experience, including experience leading banks through restructurings, initial public offerings, mergers and acquisitions, and enhanced process development. She joined 1st Summit Bancorp last year. She previously was chief financial officer of Harrisburg-based Mid Penn Bancorp and Spirt of Texas Bancorp.
Chairman of the Board John McCall also resigned, but will serve as a board member. The board of directors appointed Rex McQuaide as his replacement.
“We are lucky to have someone as strong and capable as Ms. Johnson to step up and lead this organization,” McQuaide said. “Ms. Johnson has the full support of the board to continue to lead the organization and meet the challenges of the current market.”
1st Summit Bank serves customers in Blair, Cambria, Indiana, Somerset, and Westmoreland counties.