Community Savings, F. A. and Community Savings Bankshares, Inc. Announce Election of Ronald P. Jaworski to the Boards of Directors.Business Editors NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 5, 2000 Community Savings, F. A. (the "Association") and Community Savings Bankshares, Inc. ("Bankshares" or the "Company") (Nasdaq:CMSV CMSV Collgeg of Mount Saint Vincent (Riverdale, NY) ), the parent holding company for the Association, recently announced the election of Ronald P. Jaworski to the Boards of Directors of both companies. Mr. Jaworski was elected to fill the vacancy created by the death of Director Forest C. Beaty, Jr. in May 2000. Mr. Jaworski's term will expire at the Annual Meeting of Shareholders to be held in 2001. A prominent resident of Micco, Florida, Mr. Jaworski holds a BBA BBA abbr. Bachelor of Business Administration in Accounting, as well as a Juris Doctor The degree awarded to an individual upon the successful completion of law school. Juris doctor, or doctor of Jurisprudence, commonly abbreviated J.D., is the degree commonly conferred by law schools. degree. He was self-employed as a C.P.A. in West Palm Beach and previously worked for DeWoody & Hamner, PA and Coopers & Lybrand. Mr. Jaworski was a founding shareholder and Senior Vice President/Chief Financial Officer of Water Equipment Technologies, Inc. in West Palm Beach from 1986 to 1996. Since 1996, he has been a co-owner/manager of a mobile home community in Sebastian, Florida. James B. Pittard, Jr., President and Chief Executive Officer, said "We are very pleased to have Ron join the Boards of both companies. He brings with him many years of financial experience, as well as extensive knowledge of the communities in the Association's northernmost lending territory." Community Savings Bankshares, Inc., a Delaware-chartered stock holding company, is the parent holding company for Community Savings, F. A. Chartered in 1955, the Association is a federal stock savings and loan association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. , the deposits of which are insured by the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. . Headquartered in North Palm Beach, Florida North Palm Beach is an incorporated village in Palm Beach County, Florida, United States. The population was 12,064 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 12,645. , the Association serves customers in Palm Beach, Martin, St. Lucie and Indian River counties from 22 full-service offices. At June 30, 2000, the Company had total assets of $938.2 million, total deposits of $639.1 million, and total shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. of $116.9 million. Please visit www.communitysavings.com for more information about the Company and the Association's loan and deposit products and services - including Online Banking. |
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