Printer Friendly

BT FINANCIAL CORPORATION ANNOUNCES MANAGEMENT RESTRUCTURING

 BT FINANCIAL CORPORATION ANNOUNCES MANAGEMENT RESTRUCTURING
 JOHNSTOWN, Pa., May 29 /PRNewswire/ -- To ensure the future growth of BT Financial Corporation (NASDAQ-NMS: BTFC), the board of directors, at their meeting on May 27, 1992, approved a restructuring of the management team, effective July 1, 1992, it was announced today.
 Two new positions were created and others were realigned. Gerald W. Swatsworth continues as chairman and chief executive officer of the holding company. John H. Anderson, who was vice chairman, was promoted to president and chief operating officer of BT Financial Corporation. Carl J. Motter Jr., formerly executive vice president and treasurer, Financial Services Division, BT Financial Corporation, was named vice chairman, BT Financial Corporation. Motter will coordinate the active and general management of the Corporate Services Group comprised of the Staff Services, Financial Services, Lending and Operations divisions. Steven C. Ackmann, formerly executive vice president, Lending Division, BT Financial Corporation, was named vice chairman of BT Financial Corporation. Ackmann will coordinate the active management of all affiliates which consists of Johnstown Bank and Trust Company, Laurel Bank, Fayette Bank and Trust Company, BT Management Trust Company and Bedford Associates, Inc.
 In other personnel changes, George J. Kondor Jr. became executive vice president of BT Financial Corporation and continues to assist Ethel J. Otrosina, executive vice president and secretary, BT Financial Corporation, in the administration of the Staff Services Division. Mark L. Sollenberger, senior vice president and comptroller, was promoted to executive vice president and treasurer, Financial Services Division. David A. Casado, assistant comptroller, was named comptroller. Randolph J. Roth was promoted to assistant comptroller of that department. David J. Moorehead, formerly executive vice president, lending, Laurel Bank, was promoted to executive vice president, Lending Division, BT Financial Corporation.
 BT Financial Corporation is a bank holding company, with assets of $900 million, headquartered in Johnstown. Banking affiliates include Johnstown Bank and Trust Company, Johnstown; Laurel Bank, Ebensburg, Pa.; and Fayette Bank and Trust Company, Uniontown, Pa. Together, they comprise a total of 51 offices serving Cambria, Somerset, Bedford, Blair, Indiana, Westmoreland, Fayette, Butler and Allegheny counties. BT Financial Corporation's other affiliates are BT Management Trust Company, a Pennsylvania state-chartered trust company, and Bedford Associates, Inc., a real estate company.
 -0- 5/29/92
 /CONTACT: Gerald W. Swatsworth, chairman, president and chief executive officer of BT Financial Corporation, 814-532-3801/
 (BTFC) CO: BT Financial Corporation ST: Pennsylvania IN: FIN SU: PER


CD-MA -- PG007 -- 5163 05/29/92 12:08 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 29, 1992
Words:406
Previous Article:ADVANCED TISSUE SCIENCES APPOINTS SENIOR VICE PRESIDENT, RESEARCH AND CLINICAL DEVELOPMENT
Next Article:MARITRANS OPERATING PARTNERS L.P. VOTED TO HONOR ROLL BY NATIONAL ENVIRONMENTAL DEVELOPMENT ASSOCIATION; GALA RECEPTION TO BE HELD IN D.C.
Topics:


Related Articles
BT FINANCIAL CORP. REPORTS RESULTS
BT FINANCIAL CORPORATION ANNOUNCES EARNINGS
BT FINANCIAL CORPORATION ANNOUNCES RETIREMENTS
BT FINANCIAL CORPORATION ANNOUNCES RETIREMENTS
BT FINANCIAL CORPORATION ANNOUNCES EARNINGS, DIVIDEND
TIBBOTT NAMED TO BT FINANCIAL CORPORATION BOARD
BT FINANCIAL CORPORATION ANNOUNCES MERGER AGREEMENT
BT FINANCIAL CORPORATION ANNOUNCES MANAGEMENT CHANGES
BT FINANCIAL CORPORATION FINALIZES MERGER
BT FINANCIAL CORPORATION ANNOUNCES EARNINGS AND DIVIDEND

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters