| Friday, July 14
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C&G Savings creates scholarship |
C&G Savings Bank, Altoona, has announced the establishment of an annual college scholarship in honor of past board members.
William E. Ritenour, president and chief executive officer, and Joel H. Hollander, chairman of C&G Savings Bank, announced that the bank will award an annual scholarship to two high school seniors in honor of William K. Parsons, Lester E. Plank, Jerald L. Sacks, Thomas D. Cooney and the late Robert L. Smith in recognition of their years of dedicated service and leadership to the C&G board.
Parsons, former owner of Parsons Real Estate Agency, joined the board of Columbia Savings and Loan in 1962.
Columbia Savings and Loan and Gallitzin Savings and Loan Association merged to form C&G Savings Bank in 1990. During his term, Parsons also was chairman of the board.
Plank formerly owned the Plank & Stitt Funeral Home in Hollidaysburg and served on the bank board for 36 years. He also held the office of secretary.
Sacks, former owner of Lester’s Men’s Stores in various locations in central Pennsylvania, joined the bank in 1977.
Cooney, former owner of Alsenco Inc. and Austin Fire Equipment Co. in Altoona and State College also joined the bank in 1977, and most recently served as secretary.
Smith was an associate director emeritus for administration of Penn State Altoona when he died. His service on the bank’s board began in 1974, and he also served as vice chairman for a number of years.
Following the announcement of the scholarship program, the men were hosted by the current board members and joined by the C&G employees for a luncheon in their honor.
Ritenour and Hollander attributed the success of the Bank to the commitment and dedication of the trustees and employees, both past and present.
C&G Savings Bank is a $120 million savings bank headquartered in Altoona and serves Blair and Cambria counties with six branch locations.
source: http://www.altoonamirror.com |
posted by ^%&^
@ 10:53 PM
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