WAYNESBURG, PA — At its annual membership meeting on Jan. 26, Greene County’s First Federal Savings and Loan Association announced a title change for an officer and the addition of a new officer.
The Association’s Board of Directors has approved the change of Officer title of Danielle R. Tobusto to Assistant Vice President. The board also named Aimee D. Toothman to its list of officers as assistant treasurer.
Toothman joined First Federal of Greene County in 1993 as a receptionist for the Association’s West Virginia branch, First Greene Service Corporation. During the 1990s, Toothman rose to loan processing officer, loan closing officer and then loan officer, a position she has held for more than 20 years. She is also the branch office manager, which was renamed First Greene Mortgage in 2021. A graduate of Fairmont State University, Toothman and her husband live in Marion County, W.Va., and have three sons.
Also at its annual meeting, the Association announced that it had passed the $1 billion mark in assets, a first for the nearly 98-year-old institution.
The Association ended 2021 with $1.042 billion in assets.
“We are thrilled and proud of our success and growth, and recognize that many people and a great deal of effort have gone into reaching this capital asset threshold,” said Charles W. Trump, Jr., Chairman- CEO of First Federal of Greene County.
Other financial highlights for 2021 included a $46 million increase in deposits to end the year at $893 million. Closed loans for 2021 were $113 million, ending the year with a total of $633 million in mortgages on the books.
“We remain humbled and grateful for the loyalty of our customers, because without their business and trust, our efforts and our offerings would be meaningless and meaningless,” Trump said.
The financial achievements continued against the backdrop of another year of the global COVID-19 pandemic and record high national interest rates and soaring consumer goods costs.
On a more local scale, the Association’s nine offices faced challenges with business operations and staffing, and Trump praised the persistence of First Federal employees in meeting those challenges.
“Each of our offices has faced unique circumstances that have caused concern, stress, and frustration,” Trump noted in his Presidential Report. “These situations and emotions were not ignored. Providing service to our customers has always been given top priority and our employees have strived to persevere. »
Trump also thanked the directors of the Association for their total commitment to supporting the first federal working family through difficult times, recognizing the dedication and efforts of employees and maintaining a safe work environment for all.
Trump sits on First Federal’s 8-person board alongside Chairman John E. Mariner, Gregory A. Parsons, Jay S. Hammers, Murray W. Hoy, Judi Goodwin Tanner, Stephen M. Neubauer, and Douglas A. Wilson . At the annual meeting, Parsons, Hammers and Tanner were re-elected for a 3-year term on the board. Henry T. Cochran and Scott S. O’Neil are Trustees Emeritus.
Also at the Association’s Annual Meeting, Trump was re-elected as President/CEO, and the following Association officers were again elected: Chad M. Moore, Executive Vice President; Jeffrey B. Widdup, vice president; Courtney A. Schroyer, vice president/chief financial officer; Kathleen M. Toth, Vice President/Secretary; Terry L. Clutter, Vice President/Treasurer; and Sarah A. Westfall, assistant secretary.
In 2021, two corporate executives – Vice President Cynthia A. Crouse and Uniontown Vice President and Branch Manager Barbara L. Galica – both retired after more than 70 years of combined service at First. Federal.
“Our mantra ‘People you know, people you can trust’ is enriched and strengthened by the commitment, trust and hard work shown by Cindy and Barb,” Trump noted. “The Association is grateful for their efforts and reliability, and just as importantly, we have confidence in the skills, talents and abilities of their successors.”
Due to its enduring stability, First Federal of Greene County has again been awarded the prestigious “5-Star Rating” by Bauer Financial. This top rating has been awarded to the Association for 134 quarters, or more than 33 years. The rating is based on the Association’s level of capital, asset quality, historical trends and delinquent loans, among other factors.
“Given the progress, success and favorable capital levels, the Association is delighted to continue its traditions of service, generosity and trust as we approach our 100th anniversary,” Trump said. “A big thank you to the employees, officers and directors for the teamwork and endurance during this incredible year.”
Referencing Reverend Martin Luther King, Jr.’s quote about light driving out darkness and love driving out hate, Trump remarked in closing that “one of the richest blessings of our association is its people. I know their light will continue to shine in the coming year and beyond. I pray that 2022 brings continued success, growth, and health as we reflect on any and all things to be grateful for. Together we can.
Since 1924, the First Federal Savings and Loan Association of Greene County has served residents of southwestern Pennsylvania through a combination of traditional deposit and loan products and evolving technological convenience. From checking and savings accounts to mortgages and home equity loans, from online bill payment to mobile banking, First Federal of Greene County offers a variety of services to its customers, while remaining committed to being “The People you know, people you can trust.” Based in Waynesburg, Pennsylvania, First Federal of Greene County has eight offices in Greene, Fayette, and Washington counties in Pennsylvania, and a loan origination subsidiary, First Greene Mortgage, in Morgantown, W.Va. For more information , visit www.firstfederalofgreene.com.
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