Welcome!

Microservices Expo Authors: Jason Bloomberg, Pat Romanski, Automic Blog, Liz McMillan, Mamoon Yunus

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
We define Hybrid IT as a management approach in which organizations create a workload-centric and value-driven integrated technology stack that may include legacy infrastructure, web-scale architectures, private cloud implementations along with public cloud platforms ranging from Infrastructure-as-a-Service to Software-as-a-Service.
There are several reasons why businesses migrate their operations to the cloud. Scalability and price are among the most important factors determining this transition. Unlike legacy systems, cloud based businesses can scale on demand. The database and applications in the cloud are not rendered simply from one server located in your headquarters, but is instead distributed across several servers across the world. Such CDNs also bring about greater control in times of uncertainty. A database hack ...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Docker is on a roll. In the last few years, this container management service has become immensely popular in development, especially given the great fit with agile-based projects and continuous delivery. In this article, I want to take a brief look at how you can use Docker to accelerate and streamline the software development lifecycle (SDLC) process.
In his session at 20th Cloud Expo, Chris Carter, CEO of Approyo, discussed the basic set up and solution for an SAP solution in the cloud and what it means to the viability of your company. Chris Carter is CEO of Approyo. He works with business around the globe, to assist them in their journey to the usage of Big Data in the forms of Hadoop (Cloudera and Hortonwork's) and SAP HANA. At Approyo, we support firms who are looking for knowledge to grow through current business process, where even 1%...
With Cloud Foundry you can easily deploy and use apps utilizing websocket technology, but not everybody realizes that scaling them out is not that trivial. In his session at 21st Cloud Expo, Roman Swoszowski, CTO and VP, Cloud Foundry Services, at Grape Up, will show you an example of how to deal with this issue. He will demonstrate a cloud-native Spring Boot app running in Cloud Foundry and communicating with clients over websocket protocol that can be easily scaled horizontally and coordinate...
IT organizations are moving to the cloud in hopes to approve efficiency, increase agility and save money. Migrating workloads might seem like a simple task, but what many businesses don’t realize is that application migration criteria differs across organizations, making it difficult for architects to arrive at an accurate TCO number. In his session at 21st Cloud Expo, Joe Kinsella, CTO of CloudHealth Technologies, will offer a systematic approach to understanding the TCO of a cloud application...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
API Security has finally entered our security zeitgeist. OWASP Top 10 2017 - RC1 recognized API Security as a first class citizen by adding it as number 10, or A-10 on its list of web application vulnerabilities. We believe this is just the start. The attack surface area offered by API is orders or magnitude larger than any other attack surface area. Consider the fact the APIs expose cloud services, internal databases, application and even legacy mainframes over the internet. What could go wrong...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyer belt between the Software Factory and production stages. Artifacts are m...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
Web services have taken the development world by storm, especially in recent years as they've become more and more widely adopted. There are naturally many reasons for this, but first, let's understand what exactly a web service is. The World Wide Web Consortium (W3C) defines "web of services" as "message-based design frequently found on the Web and in enterprise software". Basically, a web service is a method of sending a message between two devices through a network. In practical terms, this ...
In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean sep...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
We have already established the importance of APIs in today’s digital world (read about it here). With APIs playing such an important role in keeping us connected, it’s necessary to maintain the API’s performance as well as availability. There are multiple aspects to consider when monitoring APIs, from integration to performance issues, therefore a general monitoring strategy that only accounts for up-time is not ideal.
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
Docker is sweeping across startups and enterprises alike, changing the way we build and ship applications. It's the most prominent and widely known software container platform, and it's particularly useful for eliminating common challenges when collaborating on code (like the "it works on my machine" phenomenon that most devs know all too well). With Docker, you can run and manage apps side-by-side - in isolated containers - resulting in better compute density. It's something that many developer...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...