Portage Community Bank Strengthens Leadership with C. Joseph Assid as New CFO

On October 1, 2025, Portage Community Bank (PCB) proudly announced the appointment of C. Joseph Assid as the new Executive Vice President (EVP) and Chief Financial Officer (CFO). This strategic move marks a pivotal step in PCB's commitment to enhancing service delivery and financial sustainability within the community. Assid brings over twenty-five years of extensive experience in the financial services sector, particularly in accounting and assurance services for financial institutions.

Connie M. Bennett, the Chief Executive Officer of PCB, expressed her excitement over Assid's appointment, noting, "His expertise and strong background in guiding financial institutions through complex challenges will be invaluable as we continue to grow and serve our communities." Bennett highlighted that Assid's forward-thinking approach aligns perfectly with PCB's values, propelling the bank’s financial strategy forward.

Transition Period and Interim Leadership

Prior to Assid's hire, Robert S. Standardi, who served as EVP and Chief Operating Officer (COO), took on the role of interim CFO following the unfortunate passing of Donald D. Herman earlier that year. Bennett lauded Standardi for his leadership during a challenging time, stating, "We are deeply appreciative of Robert's leadership and stability during a very difficult period. He will continue as EVP and COO, partnering with Joe as he transitions into his new role."

Responsibilities and Vision for PCB's Financial Future

As CFO, Assid will oversee all financial operations, including budgeting, accounting, financial reporting, investment performance, and asset liability management. His appointment comes at an exciting time for PCB, as the bank aims for continued growth while ensuring sound financial performance. Assid remarked on his new role, saying, "I am honored to join PCB and to work alongside such a talented and dedicated team. My goal is to support PCB's long-term success while delivering value to our customers and shareholders."

Previously, Assid held a significant position at S.R. Snodgrass, P.C., a regional public accounting firm specializing in the financial institutions industry. His role involved overseeing numerous annual financial audits and guiding clients through the continually evolving landscape of accounting standards, particularly for companies compliant with SEC regulations.

Assid is a graduate of Washington and Jefferson College, earning his bachelor's degree in accounting. He is also a licensed Certified Public Accountant (CPA), bringing a wealth of credibility to his new position.

Commitment to Community-Focused Banking

PCB is committed to providing exemplary banking solutions that cater to both commercial and personal needs while fostering growth in the community. Emphasizing the philosophy of "Neighbors Serving Neighbors," the bank strives to meet the financial needs of its customers effectively. With Assid's leadership, PCB aims to strengthen its dedication to community engagement and ensure that the legacy of sound financial performance is upheld.

The appointment of C. Joseph Assid as CFO signals PCB's proactive approach in navigating the evolving financial landscape while aligning with its mission to empower and support the communities it serves. For further information about PCB and its services, visit Portage Community Bank.