A look at local business highlights and updates:
Members 1st hires
Members 1st Federal Credit Union has hired Kathy Jumper of Mechanicsburg as Chief Operations Officer, after nearly 28 years of experience in the financial industry.
Prior to coming to Members 1st, Jumper was Chief Operating Officer of InTouch Credit Union in Plano, Texas. She has also held several senior positions at various financial institutions.
Jumper holds a Master of Business Administration from the University of Nevada – Las Vegas. She has been involved in several organizations including serving on the boards of Frisco Economic Development, Plano Symphony, Toledo Library, Workforce Investment and North Vista Hospital.
Members 1st FCU serves more than 400,000 members through its locations in south-central Pennsylvania.
Pinnacle appoints Nguyen
Shady Grove Fertility’s Dr. Kara Khanh-Ha D. Nguyen has been named medical director of Reproductive Endocrinology and Infertility (REI) at UPMC Pinnacle.
In this role, Nguyen will provide clinical leadership, oversee quality assurance, foster academic growth, and support efforts to maintain Center of Excellence status in REI.
Nguyen is triple board certified in obstetrics and gynecology, reproductive endocrinology and infertility, and medical genetics. She earned her medical degree from Jefferson Medical College and her master’s in public health from Johns Hopkins University. She completed her residency in obstetrics and gynecology at Christiana Care Hospital in Delaware and her subspecialty training in medical genetics at the National Institutes of Health.
Shady Grove Fertility, located in UPMC Pinnacle Medical Office Building in Mechanicsburg, offers comprehensive, specialized fertility care such as diagnostic testing, low-tech treatment options such as intrauterine insemination (IUI) and advanced treatment options such as in vitro fertilization (IVF) and donor egg treatment.
Dr. Nguyen sees patients at Shady Grove Fertility’s Mechanicsburg location. Beginning fall 2018, she will be seeing patients at SGF’s new Lancaster office.
Dr. Mounika Sankaramaddi has joined Geisinger Holy Spirit Primary Care. She will see adult patients at 310 E. Penn Drive, Enola, beginning on Oct. 29.
Dr. Sankaramaddi earned her medical degree from Chalimeda Anand Rao Institute of Medical Sciences and completed an internship in internal medicine at St. Barnabas Medical Center.
Orrstown acquires Hamilton
Orrstown Financial Services, Inc. and Hamilton Bancorp, Inc. have signed a definitive agreement under which Hamilton will merge with and into Orrstown.
Hamilton shareholders will receive a combination of stock and cash currently valued at $58.5 million. Under the terms of the agreement, Hamilton shareholders will receive 0.54 shares of Orrstown common stock and $4.10 per share in cash for each share of Hamilton common stock owned, subject to reduction.
The transaction is intended to qualify as a tax-free reorganization for federal income tax purposes.
Upon completion of the transaction, the combined company is expected to have approximately $2.5 billion in assets, $1.7 billion in loans and $2.1 billion in deposits.
Orrstown currently serves seven counties in south-central Pennsylvania as well as Washington County, Maryland. Hamilton’s footprint stretches across the greater Baltimore area.
The transaction is expected to close in the second quarter of 2019. Following the closing, one of Hamilton’s current directors, to be mutually agreed upon, will be added to the boards of Orrstown and Orrstown Bank. In addition, Ellen R. Fish, Executive Vice President of Hamilton, will join Orrstown as Executive Vice President and Senior Lender for the Greater Baltimore Region.
“We are thrilled to welcome Hamilton Bank to the Orrstown family,” said Thomas R. Quinn, Jr., President and CEO of Orrstown. “By joining Hamilton and Orrstown together, our institutions, shareholders, and customers will benefit greatly from our expanded footprint, enhanced products and services, and robust technology offerings.”
— Zack Hoopes, The Sentinel