EXTON, PA — First Resource Bancorp, Inc. (OTCQX: FRSB), the parent company of First Resource Bank, has announced the promotion of Lee Herzer to Executive Vice President & Chief Lending Officer, effective April 1, 2024. With two decades of experience in the banking sector, Herzer’s elevation from within the ranks since joining the team in 2017 marks a pivotal step for the bank as it seeks to enhance its lending capabilities and customer relations.
Lauren Ranalli, President of First Resource Bank, praised Herzer’s appointment, highlighting his commitment and proficiency in the banking industry. “Lee’s dedication, expertise, and passion for serving our community align perfectly with our values and vision for the future,” Ranalli stated. Herzer’s track record and deep-rooted understanding of the lending landscape are anticipated to be key drivers in propelling the bank’s mission to deliver superior financial solutions.
In conjunction with Herzer’s promotion, the bank has also announced a significant role change for Lisa Donnon, who will transition from her current position as Executive Vice President & Chief Lending Officer to Chief Credit Officer. With over three decades of banking experience, including 18 years dedicated to the lending department of First Resource Bank, Donnon’s new role is expected to leverage her extensive background in lending and credit management to uphold the bank’s robust credit quality and risk management practices.
The executive reshuffle comes as Ken Kramer, the Bank’s esteemed Chief Credit Officer, gears up for retirement in September after an illustrious 46-year career in the banking industry. Kramer’s legacy of leadership and expertise will continue to influence the bank, as he will remain involved in a part-time advisory capacity post-retirement.
Ranalli expressed profound appreciation for Kramer’s contributions and the strategic realignment of the executive team. “We extend our heartfelt gratitude to Ken for his remarkable leadership and contributions,” Ranalli added. “I am excited to see Lisa move over to the credit side of the house to leverage her expertise in a new way here at First Resource Bank.”
These executive transitions signify a strategic realignment intended to fortify First Resource Bank’s position in the competitive banking landscape. By promoting from within and leveraging the seasoned expertise of its executives, the bank aims to foster growth, enhance its lending operations, and maintain its commitment to excellence in serving its customers and communities. As the banking industry continues to navigate the complexities of the modern financial environment, First Resource Bank’s proactive approach to leadership development and strategic planning positions it well for future success and sustainability.
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