STATE COLLEGE

Kish for the Cure raises $90,000

Kish Bank says its 2024 Kish for the Cure campaign, an annual employee-led fundraising effort supporting local cancer-related nonprofits, raised a record-breaking grand total of over $90,000. The donations were distributed this week to the campaign’s three beneficiaries: the Bob Perks Cancer Assistance Fund, Pennsylvania Pink Zone and American Cancer Society events in Central Pennsylvania. All fund cancer research and awareness and treatment programs at local hospitals and also provide critical financial support for local individuals and families affected by cancer.

Kish’s annual campaign has raised more than $625,000 since 2012, and it continues to grow in scope and impact each year.

INDIANA

First Commonwealth Bank receives excellence award

First Commonwealth Bank was one of only seven financial institutions honored with the 2024 Veteran Saves Week Designation of Savings Excellence award.

With more than 887 organizations participating, this distinction was explicitly reserved for financial institutions that created measurable impact and displayed exceptional achievement during the annual Veteran Saves Week campaign, which took place Nov. 12-15, 2024, as part of National Military Appreciation Month.

HUNTINGDON

MBG honors 18 agencies

Mutual Benefit Group announced that 18 independent agency partners have qualified for Inner Circle based on 2024 business results.

Since 1993, MBG has been rewarding agents who demonstrate exceptional customer service, consistent growth and profitability via the Inner Circle Program. To qualify, an agency must write a cumulative three-year uncapped loss ratio of 50% or less, show positive written premium growth in each of the last three years and book a total current year written premium volume of $500,000 or more.

The only area agency on the list is Jack M. Shuck Agency Inc. of Huntingdon.

JOHNSTOWN

1st Summit unveils numbers

1st Summit Bancorp of Johnstown Inc., the parent company of 1st Summit Bank, reported net income available to common shareholders for the quarter ended Dec. 31, 2024, of $3.2 million, or $1.48 per common share, compared to net income of $750,000, or $0.34 per common share for the quarter ended Dec. 31, 2023.

Net income for the fourth quarter was $3.2 million or $1.48 per common share, which includes a nonrecurring gain on a sale leaseback transaction. Excluding nonrecurring items, net income for the fourth quarter and full year 2024 were effectively flat. Net interest margin for the quarter expanded to 1.82%, or 1.91% on a tax equivalent basis. During the fourth quarter, 1st Summit added $14.9 million in loans, which represents an increase of 7.69% annualized.