What the Red-Hot Job Market Means for Workers
POSTED Aug 3 2022 | 2 MINUTE READThe COVID-19 pandemic kicked off a severe labor shortage — and quite possibly the most worker-friendly job market in many years. Unpredictable demand shifts exposed pre-existing mismatches between the knowledge and skills of available workers and the tasks for which they are needed. The sheer number of available jobs has also been running far above the number of unemployed job […]
6 Keys to More Successful Investing
POSTED Jul 19 2022 | 8 MINUTE READA successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic principles that may help you invest more successfully. Long-term compounding can help your nest egg grow It’s the “rolling snowball” effect. Put simply, compounding […]
Baseball Lessons to Change Up Your Finances
POSTED Apr 18 2022 | 3 MINUTE READBaseball stadiums are filled with optimists. Fans start each new season with the hope that even if last year ended badly, this year could finally be the year. After all, teams rally mid-season, curses are broken, and even underdogs sometimes make it to the World Series. As Yogi Berra famously put it, “It ain’t over till it’s over.”1 Here are a few lessons […]
1st Summit Bank Ken Lantzy All-Star Classic
POSTED Mar 22 2023 | 1 MINUTE READ1st Summit Bank is proud to announce an exciting new partnership with the Ken Lantzy All-Star Classic. This ten-year commitment from 1st Summit Bank will result in the annual game to be renamed the “1st Summit Bank Ken Lantzy All-Star Classic.” 1st Summit Bank’s financial commitment to the program will provide vital funding for the academic and performance scholarships that […]
1ST SUMMIT BANK Announces Scholarship Winners
POSTED Sep 5 2022 | 1 MINUTE READ1ST SUMMIT BANK is proud to name Kiera Nadolsky and Dionte Coleman as the scholarship winners of its annual G.H. Miller & Jeanne W. McKelvey, Esq. Scholarship. Both recipients have been awarded $2,500 for tuition costs at the Pennsylvania-based school they are attending this fall. Ms. Nadolsky, Cresson, is a 2022 graduate of Penn Cambria High School and is attending […]
1ST SUMMIT BANK Collects School Supplies for Kids
POSTED Aug 2 2022 | 1 MINUTE READ1st Summit Bank is excited to launch its annual Red Wagon Project, collecting back-to-school supplies for kids in our communities. At each of the Bank’s community offices, community members, customers, and employees alike are encouraged to donate new school supplies or make donations to purchase supplies. These items will then be donated to schools and educational facilities across our communities […]
New Chief Financial Officer
POSTED Mar 15 2024 | 1 MINUTE READ1st Summit Bank adds Allison Johnson as Executive Vice President and Chief Financial Officer/Chief Enterprise Risk Officer in addition to celebrating its 100th year in business in 2024. Ms. Johnson has over 17 years of experience of leading high-performing teams all while managing complex financial challenges and opportunities. The experience and expertise she brings with her to 1st Summit Bank […]
New Chief Human Resources Officer
POSTED Mar 11 2024 | 1 MINUTE READCelebrating its 100th year in business in 2024, 1st Summit Bank is proud to announce the appointment of Tobie Gunby as their new Vice President and Chief Human Resources Officer. Ms. Gunby brings to 1st Summit Bank over 20 years of experience specializing in helping organizations both set up and maintain compliant successful HR systems. In addition, she brings with […]
Four New Business Relationship Managers
POSTED Feb 8 2024 | 2 MINUTE READCelebrating its 100th year in business in 2024, 1st Summit Bank is proud to announce the appointment of four new Business Relationship Managers – Sean McCool and Susan Martin as Business Relationship Managers in the Cambria/Somerset areas as well as the addition of John Kline, VP & Sr. Regional Business Relationship Manager in Westmoreland County, and Aaron Lantzy, VP & […]
Celebrating 100 Years in Business
POSTED Jan 16 2024 | 1 MINUTE READ1st Summit Bank celebrates its 100 year anniversary of providing financial solutions to the community.
Eastgate Opens as 19th Community Office
POSTED Jan 4 2024 | 1 MINUTE READOn the eve of its 100th year in business, 1st Summit Bank is excited to be opening its 19th bank location and 4th Community Office in Westmoreland County on November 20, 2023. This beautifully renovated office is located on Route 30, in front of the Eastgate Shopping Plaza in Greensburg. “I speak for our entire team when I say that […]
1st Summit Named Best Place to Work in PA
POSTED Dec 14 2023 | 2 MINUTE READ1st Summit Bank is proud to announce that it has been named once again one of the “Best Places to Work in PA.” Coming in with an impressive ranking of 26th, this is the 22nd time in the 23 years of the program that 1st Summit Bank has been named to this prestigious list. “After missing the top 100 in […]
401K Plans
POSTED Aug 28 2023 | 7 MINUTE READQualified cash or deferred arrangements (CODAs) permitted under Section 401(k) of the Internal Revenue Code, commonly referred to as “401(k) plans,” have become one of the most popular types of employer-sponsored retirement plans. How does a 401(k) plan work? With a 401(k) plan, you elect either to receive cash payments (wages) from your employer immediately, or defer receipt of a […]
Financial Tips for Blended Families
POSTED May 8 2023 | 4 MINUTE READCombining finances can be complicated for any couple, but the challenges become more complex the second time around, especially when children are involved. Here are some ideas to consider if you are already part of a blended family or looking forward to combining households sometime soon. Be Clear and Comprehensive It’s important to reveal all assets, income, and debts, and […]
Double Up with a Spousal IRA
POSTED Mar 2 2023 | 2 MINUTE READIf you and your spouse are looking for a way to build your retirement savings but one of you is not working, you might consider funding a spousal IRA. This could be the same IRA that the spouse contributed to while working or it could be a new account. In either case, IRS rules allow a married couple to fund […]