Steuben Trust Company Annual Shareholders Meeting

HORNELL- The annual meeting of shareholders of Steuben Trust Corporation was held on June 13, 2019. Recognized with a standing applause were the accomplishments of Director and Chairman David A. Shults over his 48 years of service as a Director of the Corporation. Mr. Shults retired effective with the meeting but will remain engaged as special counsel to the Board this year. Shareholders re-elected the nine-member incumbent board of directors for the coming year. Brenda L. Copeland was elected Chairman of the Board and re-elected Chief Executive Officer. Mr. John S. Eagleton was re-elected as President of the Corporation. The Board of Directors of Steuben Trust Company, the Corporation’s subsidiary, also appointed Mrs. Copeland, Executive Chairman of the Board and Mr. Eagleton, Chief Executive Officer and President. The Board of Directors was also pleased to announce the appointment of John E. Barnes as Senior Vice President and Chief Financial Officer of the Corporation and Company beginning in July. Mr. Barnes will succeed Jim Nicoloff who will remain Executive Vice President & Treasurer of the Corporation & Company. Additionally, Karen Bailor was appointed Assistant Vice President, Human Resources. Karen has been with the Company for over 24 years. Carolin Campbell was appointed Vice President, Branch Manager Hornell. Carolin has spent the previous 26 years working in various capacities, most notably as Assistant Branch Manager. Cindy Timothy, Retail and Loan Department Specialist was appointed Assistant Secretary. Cindy has been with Steuben Trust Company for over 18 years. Michelle Gruenke, 14 years with Steuben Trust, was appointed Head Teller. “We are extremely proud of the hard-work and dedication each of these individuals puts forth on a daily basis. They continue to meet and exceed our expectations and we are fortunate to have them on our team,” stated Bank CEO & President, John Eagleton. In April, the Corporation disclosed first quarter earnings per share of $0.97, up 2% over the first three months of 2018 and declared a quarterly dividend of $0.35 per share. Steuben Trust Corp. is the parent company of Steuben Trust Company chartered by NYS in 1902 and member of FDIC. The Bank currently operates fifteen full-service locations in Steuben, Allegany, Livingston, Monroe, Wyoming and Erie counties, as well as a representative office in Erie County. To view all of the products and services Steuben Trust Company offers visit www.SteubenTrust.com.