FNCB Bank Expands Advisory Board

FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (Bank), today announced that Elizabeth Graham, Raymond Joseph, MD, FASN, and Pat Rogan have been appointed to the Bank’s advisory board.

The Bank advisory board consists of individuals from across Northeastern Pennsylvania. The network of diverse and experienced business leaders provides strategic and expert advice on the markets the Bank serves.

Elizabeth Graham

Elizabeth “Liz” Graham is Chief Operating Officer and Co-Owner of Riggs Asset Management Company, Inc. and co-founder of Circle 200 a by-invitation-only forum for senior executive women in Northeastern Pennsylvania. She is the immediate past chair of the board of the Greater Wilkes-Barre Chamber of Business and Industry — the first woman to chair that board. She has also served as chair of the boards of the Diamond City Partnership; Circle 200; and the Nuangola Lake Association as well as being a former founding board member and treasurer of Fork Over Love. She is the current chair of the board for CASA of Luzerne County and the Bear Creek Association. She is a past recipient of the Greater Wilkes-Barre Chamber of Commerce ATHENA Award, Northeastern Pennsylvania Business Journal “Top 25 Women in Business” and “Top 20 Executives Under 40” lists. 

Dr. Raymond Joseph, MD, FASN

Dr. Raymond Joseph, MD, FASN is a nephrologist and President of Renal Consultants of Wyoming Valley, the oldest private nephrology practice in Northeastern Pennsylvania. He is a graduate of the University of Pittsburgh School of Medicine with a Doctor of Medicine, completed his residency in internal medicine and Renal Fellowship at the University of Pittsburgh Medical Center. He is Board Certified by American Board of Internal Medicine in Internal Medicine and Nephrology.

Pat Rogan

Pat Rogan is currently involved in numerous businesses in the real estate and employee benefits sectors in our region, including ownership in a start-up real estate brokerage and numerous development projects in Lackawanna County. Mr. Rogan is a past member of Scranton City Council having served from 2009-2020. He is a lifelong resident of Lackawanna County and currently resides in South Abington Township with his wife Amanda and two children Reagan and Patrick Jr. He is a graduate of West Scranton High School and The University of Scranton.

The addition of Graham, Joseph and Rogan brings the advisory board to 21 members. Other include:

Peter “PJ” Adonizio; Joseph D. Burke, Esquire; Nina M. DeCosmo, Esquire; Samuel A. Falcone, Jr., Esquire; Paul S. Falzone; Patrick J. Fricchione, MD; Francis J. Hoegen, Esquire; Donald G. Karpowich, Esquire; John A. Kutz, MD, FACS; Linda L. Malinowski; Earl Marshall; Sean C. McGrath; Peter J. Moses, Esquire; Vincent J. Nardone; Kate Daye Ruane; Robert S. Tamburro; Kenneth J. Temborski; and Jeffrey Woytowich.

FNCB Bancorp Inc. And CIS, LLC Form Asset Purchase Agreement

FNCB Bancorp, Inc. (NASDAQ: FNCB), the parent company of FNCB Bank (“the Bank”), today announced that it entered into an asset purchase agreement between the Bank’s investment arm, FNCB Wealth Management Services and Chiaro Investment Services, LLC (“CIS”).

Following the closing of the transaction, FNCB’s Wealth Management Services will operate under a new brand, 1st Investment Services.

1st Investment Services will provide clients with a full suite of offerings, including Investment Management, Brokerage Services, Insurance Planning, and Retirement Services.

James P. Chiaro

“We are extremely pleased to welcome Chiaro Investment Services’ associates and clients to the FNCB family,” said Gerard Champi, FNCB Bank President and CEO. “The combined experience of our team of advisors will benefit the organization and build on an exceptional legacy of service to our clients.”

Currently headquartered in Forty Fort, PA, CIS, is led by James P. Chiaro, CMFC, LPL Financial Advisor. Dunmore-based FNCB Wealth Management Services is led by Peter Albano, LPL Financial Advisor.  Mr. Chiaro will be appointed Chief Investment Services Officer and Executive Vice President upon the closing of the transaction, with responsibility for 1st Investment Services.  Following the closing of the transaction, the combined teams, operating under 1st Investment Services, will relocate their offices to 1625 Wyoming Avenue, Exeter and 124 South Blakely St., Dunmore.

Peter Albano

“I am delighted to be joining 1st Investment Services,” added James P. Chiaro. “The transaction combines the personalized financial planning and tailored investment strategies of CIS with the resources and extensive product set of FNCB Bank. I am excited about the unique opportunities this transaction will create for our clients, as well as our employees and business partners.”

The transaction will provide significant opportunities for organic growth throughout Pennsylvania, as well as national expansion, by combining FNCB Wealth Management’s strong roots in Northeastern Pennsylvania and CIS’s clients in 26 states. 

1st Investment Services will continue to leverage the LPL Financial Institution Services platform to support its retail advisory and brokerage business. With LPL Financial, 1st Investment Services has access to an array of investment solutions and wealth management platforms, along with technologically advanced strategies, tools, and resources necessary to grow and meet client needs.

For more information on 1st Investment Services, visit www.1stinvestmentservice.com or call 570-348-4321.