YORK, Pa. - Traditions Bancorp, Inc. (OTC Pink: TRBK) has announced the retirement of William J. Shorb from its Board of Directors, effective at the annual meeting scheduled for April 16, 2024. Shorb, a founding board director, has served the company for over two decades, including a 20-year tenure as chair of the loan committee.
Shorb's contributions to Traditions Bank, the subsidiary of Traditions Bancorp, have been significant. As chair of the loan committee from 2002 to 2022, he played a pivotal role in the bank's lending operations. In 2022, he transitioned to serve as the first board representative on the enterprise risk management committee, continuing his influence on the bank's strategic direction.
During his career, Shorb has been an entrepreneur with leadership positions in family business ventures, including roles as President and CFO of REH Holdings, Inc., and currently as CFO of Holla Spirits LLC. His business acumen and dedication to family values have been cited as key factors in shaping the culture and core values of Traditions Bank.
Reflecting on his service, Shorb expressed pride in helping to create an organization "so unique and special" and remains committed to the bank's success. Traditions Bank Founder and Director Michael Kochenour and Chair of the Board and CEO Eugene Draganosky both acknowledged Shorb's leadership and contributions, emphasizing his role in fostering relationships and guiding the organization's growth and success.
Traditions Bank, established in 2002, operates seven branches in York, Hanover, and Lancaster, Pennsylvania, with a loan production office in Lemoyne, Cumberland County. The bank is preparing to open an additional branch in Lancaster County on State Road in April. As of December 31, 2023, Traditions Bank reported assets of $840 million and has been recognized as a recommended financial institution by Bauer Financial for over a decade.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.