#United States #Corporate Governance #Woodlands Bank #Jay B. Alexander #Williamsport, Pennsylvania

Woodlands Bank Appoints Jay B. Alexander as Chairman

On September 22, 2025, Woodlands Financial Services Company and Woodlands Bank announced a significant change in governance by appointing Jay B. Alexander as Chairman of the Board of Directors for both entities. This strategic move is aimed at reinforcing corporate governance in alignment with the growing dynamics of the financial landscape in Pennsylvania.

Strategic Governance Shift

The Board of Directors believes that having an independent chairman will enhance the alignment of interests among shareholders, directors, and management, which is crucial as the company explores considerable opportunities within its operational markets. Mr. Alexander’s extensive experience in leadership roles across various businesses uniquely positions him to lead the board for the benefit of all stakeholders involved.

Mr. Alexander has been an independent director at Woodlands for over three years, bringing with him a wealth of knowledge in governance and economic development, especially focused on the northcentral Pennsylvania region. The board's decision to create this independent chairman role reflects its commitment to a structure that prioritizes robust governance practices to foster trust and transparency.

Focus on Community and Economic Growth

In his new role, Alexander expressed his commitment to leveraging his leadership capabilities to support economic initiatives that benefit local communities. He emphasized the importance of community banks as foundational pillars of economic growth and development in the economy. Alexander stated, "I am honored to serve as Chairman of the Board. My goal is to synergize our operations to not only seize growth opportunities but to impact positively on our communities and customers."

Alexander's vision aligns well with the company’s agenda to expand its influence and market share, ensuring sustainable growth in earnings while increasing shareholder value over the long term.

Commitment from Leadership

Jon P. Conklin, the President and CEO of Woodlands Bank, expressed enthusiasm about working closely with Alexander. He highlighted the bank's mission to be the preferred community bank and shared optimism regarding future endeavors under Alexander’s leadership. Conklin stated, "The opportunities we see in our markets can elevate not just Woodlands Bank but also the communities we serve, making a lasting, positive impact on our regions."

The governance changes come at a time when Woodlands Financial Services Company is poised for opportunities that promise to enhance its service delivery and growth paradigm within the commercial and consumer banking sectors. The company, which operates primarily in Lycoming and Clinton Counties, is committed to providing dependable banking and trust services to both communities and individual customers.

Conclusion

As Jay B. Alexander takes on the role of Chairman, Woodlands Bank is set to embark on a path that intertwines robust governance with community-centric growth. By emphasizing its commitment to shareholder interests and community development, the bank aims to establish itself as a leader in the financial sector while adhering to its core values of service and integrity. This new chapter signals a promising future for both the bank and the communities it serves.