Allegiance Bank Names Lynne C. Davis to Its Board of Directors.BALA CYNWYD, Pa. -- Lynne C. Davis, President of The Davis Group, a consulting practice specializing in the pharmaceutical industry, is the newest member of the Board of Directors of Allegiance Bank of North America The Bank of North America was chartered on December 31, 1781 [1] by the Congress of the Confederation and opened on January 7, 1782, at the prodding of Finance Minister Robert Morris, and was rechartered in 1784. This was thus the first modern United States bank. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABPA ABPA Allergic bronchopulmonary aspergillosis ). Her appointment is effective immediately. She joins a Board that includes Edgar D. Landis, Chairman, Robert Kramer, Vice Chairman, C. Andrew Cook, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Allegiance Bank, Stanley H. Engle, and Amos B. Smith III. Davis has been providing solutions to the pharmaceutical industry for over 25 years in the areas of finance, pricing, managed care contracting, government compliance and data management. She holds a B.S. degree in Microbiology from Syracuse University and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Accounting and Finance from Drexel University. Ms. Davis spent over 17 years at GlaxoSmithKline (formerly SmithKline Beecham), a global pharmaceutical company, where she held positions of increasing responsibility. In 1996 she left her position as Group Director of Contracts and Information Management to create the Davis Group, a consulting practice that supports the pharmaceutical industry. The Davis Group is located in Wynnewood, PA. The Davis Group provides clients with a broad range of services, all of which focus on the operational and financial infrastructure necessary to do business in the pharmaceutical industry. Clients are comprised primarily of large, medium, and small pharmaceutical companies. The Davis Group specializes in bringing pharmaceutical companies into strategic and operational compliance with the Government pricing requirements of Medicaid, Medicare and other Federal and State pharmaceutical programs. Allegiance Bank of North America is a Pennsylvania state-chartered full-service commercial bank formed in 1999, headquartered in Bala Cynwyd, Pennsylvania Bala Cynwyd is a village in Lower Merion Township which is located in the Main Line in southeastern Pennsylvania, bordering the western edge of Philadelphia. It was originally two separate towns, Bala and Cynwyd, but is commonly treated as a single community. . The Bank offers a sophisticated package of services beyond traditional bank services, such as escrow account management, specialty real estate lending programs, internet banking and non-bank services including title insurance, real estate settlement services, financial planning, life and health insurance and retirement programs through three subsidiaries. The common stock of the Company is traded on OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol ABPA. The bank has branches in Bala Cynwyd, Old City Philadelphia, and new offices in King of Prussia King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical and Worcester. It will open in Berwyn in the fall of 2006. For more information, contact: Allegiance Bank, One Belmont Avenue, Suite 105, Bala Cynwyd, PA 19004, (610) 949-9500, www.allegbank.com Photo Available |
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