Welcome!

Microservices Expo Authors: Stackify Blog, Automic Blog, Simon Hill, Pat Romanski, Liz McMillan

News Feed Item

ESSA Bancorp, Inc. Adding Two Directors to Expanded Board

STROUDSBURG, PA -- (Marketwired) -- 07/28/14 -- ESSA Bancorp, Inc. (NASDAQ: ESSA), the holding company for ESSA Bank & Trust (the "Bank"), a $1.56 billion asset financial institution providing full service retail and commercial banking, financial and investment services, today announced the appointment of Timothy S. Fallon and Philip H. Hosbach, IV to its board of directors, increasing the size of the board to 12 directors. Fallon and Hosbach were also appointed to the Bank's board of directors.

Fallon is the Chief Executive Officer of PBS39, a community-owned public television station and media provider serving the Lehigh Valley and other markets in eastern Pennsylvania and western New Jersey, and Executive Director of the PBS39 Foundation. Hosbach is Vice President, New Products and Immunization Policy, for Sanofi Pasteur, Inc., the Swiftwater, Pennsylvania-based vaccines division of Sanofi, a multi-billion dollar global healthcare company.

Gary S. Olson, President and CEO of ESSA Bancorp, stated: "We are pleased to welcome two individuals with a wealth of experience in corporate leadership and diverse backgrounds as directors of corporations and philanthropic organizations. Both are longtime Eastern Pennsylvania residents and are familiar with the markets ESSA serves, which will provide additional knowledge and insight to us."

Fallon previously served as Project Director for PBS39 at SteelStacks, the $17 million state-of-the-art public media and education center built on the grounds of the former Bethlehem Steel Corporation, responsible for financing, construction and philanthropic support. The transformation of the Bethlehem Steel site has received national recognition. His prior corporate experience includes serving as Chief Executive Officer of a wine accessories business based in Allentown, Pennsylvania and as Chief Financial Officer of a privately owned chain of 200 beauty salons.

He is a founding director of Revere Bank of Laurel, Maryland, and a Managing Member of the Conserere Family of Funds. He was a founding director of Team Capital Bank, serving Pennsylvania and New Jersey markets prior to its sale to Provident Bank of New Jersey in 2014, and previously served as a director of Lafayette Ambassador Bank, based in Bethlehem, Pennsylvania. He is a member of the Executive Committee of the Minsi Trails Council, Boy Scouts of America. Fallon received a BA in Political Science and Masters of Administrative Science from The Johns Hopkins University.

Hosbach has more than 25 years of experience in the field of vaccines, primarily with Sanofi Pasteur, holding executive positions in clinical research, research and development, government relations and commercial operations, including marketing and sales. In his current position, he works on a national level, guiding government and community relations related to federal and state immunization policies, serves as Sanofi Pasteur's principal liaison with several government health organizations, and directs a wide range of Sanofi Pasteur product initiatives.

He is a member of the board of directors of Sanofi Pasteur, Inc. as well as a member of the company's management committee, and is chairman of Sanofi Pasteur's U.S. Philanthropy Committee and Employee Political Action Committee boards of directors. He is a director of Pennsylvania Bio, an organization supporting the life sciences industry, and a former director of the Pocono Health System and Pocono Medical Center. An extensively published author on vaccines and immunology and a media commentator, Hosbach's professional affiliations include membership in the Forum on Microbial Threats - Institute of Medicine of the National Academy of Sciences, and as an appointed member of United States' National Vaccine Advisory Committee. He holds a bachelor's degree in biology from Lafayette College in Easton, Pennsylvania.

"With ESSA Bancorp having grown into a larger, more geographically diverse organization, our expanded board of directors provides the Company with additional resources and capabilities," said Olson. "We look forward to the contributions our new directors will make as board members."

About The Company

ESSA Bancorp (NASDAQ: ESSA), headquartered in Stroudsburg, PA, is the holding company for ESSA Bank & Trust, a $1.56 billion asset institution with 27 banking offices serving markets in Eastern Pennsylvania, including Monroe, Lehigh, Northampton, Luzerne and Lackawanna Counties. The Bank provides a full range of retail and commercial banking services, asset management, investment advisory, insurance and employee benefits consulting.

ESSA Bank & Trust, a wholly-owned subsidiary of ESSA Bancorp, Inc., has total assets of $1.55 billion and is the leading service-oriented financial institution headquartered in Stroudsburg, Pennsylvania. ESSA Bank & Trust maintains its corporate headquarters in downtown Stroudsburg, Pennsylvania and has 27 community offices throughout the Greater Pocono, Lehigh Valley, Scranton and Wilkes-Barre markets in Pennsylvania. In addition to being one of the region's largest mortgage lenders, ESSA Bank & Trust offers a full range of retail, commercial financial services, and financial advisory and asset management capabilities. ESSA Bancorp, Inc. stock trades on The NASDAQ Global Select Market(SM) under the symbol "ESSA."

Forward-Looking Statements

Certain statements contained herein are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including compliance costs and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity.

The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions, that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@MicroservicesExpo Stories
DevOps teams have more on their plate than ever. As infrastructure needs grow, so does the time required to ensure that everything's running smoothly. This makes automation crucial - especially in the server and network monitoring world. Server monitoring tools can save teams time by automating server management and providing real-time performance updates. As budgets reset for the New Year, there is no better time to implement a new server monitoring tool (or re-evaluate your current solution)....
The benefits of automation are well documented; it increases productivity, cuts cost and minimizes errors. It eliminates repetitive manual tasks, freeing us up to be more innovative. By that logic, surely, we should automate everything possible, right? So, is attempting to automate everything a sensible - even feasible - goal? In a word: no. Consider this your short guide as to what to automate and what not to automate.
Cavirin Systems has just announced C2, a SaaS offering designed to bring continuous security assessment and remediation to hybrid environments, containers, and data centers. Cavirin C2 is deployed within Amazon Web Services (AWS) and features a flexible licensing model for easy scalability and clear pay-as-you-go pricing. Although native to AWS, it also supports assessment and remediation of virtual or container instances within Microsoft Azure, Google Cloud Platform (GCP), or on-premise. By dr...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
The cloud revolution in enterprises has very clearly crossed the phase of proof-of-concepts into a truly mainstream adoption. One of most popular enterprise-wide initiatives currently going on are “cloud migration” programs of some kind or another. Finding business value for these programs is not hard to fathom – they include hyperelasticity in infrastructure consumption, subscription based models, and agility derived from rapid speed of deployment of applications. These factors will continue to...
While we understand Agile as a means to accelerate innovation, manage uncertainty and cope with ambiguity, many are inclined to think that it conflicts with the objectives of traditional engineering projects, such as building a highway, skyscraper or power plant. These are plan-driven and predictive projects that seek to avoid any uncertainty. This type of thinking, however, is short-sighted. Agile approaches are valuable in controlling uncertainty because they constrain the complexity that ste...
Digital transformation has changed the way users interact with the world, and the traditional healthcare experience no longer meets rising consumer expectations. Enterprise Health Clouds (EHCs) are designed to easily and securely deliver the smart and engaging digital health experience that patients expect today, while ensuring the compliance and data integration that care providers require. Jikku Venkat
identify the sources of event storms and performance anomalies will require automated, real-time root-cause analysis. I think Enterprise Management Associates said it well: “The data and metrics collected at instrumentation points across the application ecosystem are essential to performance monitoring and root cause analysis. However, analytics capable of transforming data and metrics into an application-focused report or dashboards are what separates actual application monitoring from relat...
"This all sounds great. But it's just not realistic." This is what a group of five senior IT executives told me during a workshop I held not long ago. We were working through an exercise on the organizational characteristics necessary to successfully execute a digital transformation, and the group was doing their ‘readout.' The executives loved everything we discussed and agreed that if such an environment existed, it would make transformation much easier. They just didn't believe it was reali...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Many enterprise and government IT organizations are realizing the benefits of cloud computing by extending IT delivery and management processes across private and public cloud services. But they are often challenged with balancing the need for centralized cloud governance without stifling user-driven innovation. This strategy requires an approach that fundamentally reshapes how IT is delivered today, shifting the focus from infrastructure to services aggregation, and mixing and matching the bes...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
We just came off of a review of a product that handles both containers and virtual machines in the same interface. Under the covers, implementation of containers defaults to LXC, though recently Docker support was added. When reading online, or searching for information, increasingly we see “Container Management” products listed as competitors to Docker, when in reality things like Rocket, LXC/LXD, and Virtualization are Dockers competitors. After doing some looking around, we have decided tha...
The nature of test environments is inherently temporary—you set up an environment, run through an automated test suite, and then tear down the environment. If you can reduce the cycle time for this process down to hours or minutes, then you may be able to cut your test environment budgets considerably. The impact of cloud adoption on test environments is a valuable advancement in both cost savings and agility. The on-demand model takes advantage of public cloud APIs requiring only payment for t...
"We are an integrator of carrier ethernet and bandwidth to get people to connect to the cloud, to the SaaS providers, and the IaaS providers all on ethernet," explained Paul Mako, CEO & CTO of Massive Networks, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
From our perspective as consumers, perhaps the best thing about digital transformation is how consumerization is making technology so much easier to use. Sure, our television remote controls still have too many buttons, and I have yet to figure out the digital display in my Honda, but all in all, tech is getting easier for everybody. Within companies – even very large ones – the consumerization of technology is gradually taking hold as well. There are now simple mobile apps for a wide range of ...