EXTON, PA — First Resource Bancorp, Inc. (OTCQX: FRSB), the holding company for First Resource Bank, has announced the recent promotion of Kristen Fries to Executive Vice President and Chief Financial Officer (CFO). Fries, who has been a key member of the First Resource Bank team for the past nine years, brings a wealth of experience and a proven track record in finance and community banking to her new role.
During her tenure at First Resource Bank, Fries served as Senior Vice President and Controller, where she exhibited remarkable leadership and financial acumen. Her dedication and contributions to the bank since joining in 2014 have played a significant part in shaping its financial strategies.
Fries’s academic credentials include a bachelor’s degree in accounting from Pennsylvania State University. Her extensive background in accounting, combined with her two-decade-long experience in community banking, makes her an ideal fit for the position of CFO.
Upon her promotion, Fries expressed her enthusiasm, “I am honored and excited to take on the role of CFO at First Resource Bank. I am grateful for the trust and confidence placed in me by the leadership team, as well as the mentorship provided by Lauren Ranalli since joining the bank. As I transition into my new role, I look forward to working collaboratively with the entire team to achieve our shared goals.”
Lauren Ranalli, First Resource Bank President and incoming CEO, also expressed confidence in Fries’s abilities. “First Resource Bank has a history of promoting from within the company, and the elevation of Kristen to CFO is another chapter in that journey. Kristen is one of my trusted advisors, and I am excited to have her officially join the executive management team with this promotion. Her extensive experience, dedication, and proven leadership within the organization make her the perfect fit for this position. I look forward to the continued success and growth that will undoubtedly result from her expertise.”
This promotion underscores First Resource Bancorp’s commitment to nurturing talent from within its ranks and signals a promising future for the company under Fries’s financial stewardship.
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