– USA, KY – Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, Inc., today announced the addition of new members to its board of directors. James M. Parsons was appointed as a board member of Porter Bancorp and PBI Bank, and Dr. Edmond J. Seifried was appointed as a board member of Porter Bancorp.
Mr. Parsons is CFO of Ball Homes, LLC, a residential real estate development firm headquartered in Lexington, Ky. that has operations in Kentucky and Tennessee. He previously served as President and CEO of ONB Insurance Group and has held various board positions for a variety of companies and charitable organizations, including serving as an advisory board member for two community banks. He is a CPA and has degrees in business administration and accounting from West Virginia University.
Dr. Seifried is Co-Chairman of Seifried & Brew, LLC, a community bank education center. He is also the Executive Director of the Sheshunoff Affiliation Program, which provides education and idea exchanges for community bank executives. Dr. Seifried is also Professor Emeritus of Economics and Business at Lafayette College in Easton, Pa. He has taught at numerous banking schools, regularly speaks at banking events, and has prior experience as a community bank director. He is a co-author of the book “The Art of Strategic Planning in Community Banks.” Dr. Seifried has a doctorate degree in economics and business from West Virginia University.
“We welcome Mr. Parsons and Dr. Seifried to the boards of Porter Bancorp and PBI Bank,” said John T. Taylor, Porter Bancorp President and CEO. “Their skill sets and experience in finance and banking will be important additions to our team. We are very fortunate to have their counsel as we position PBI Bank to grow and build shareholder value in the future.”
About Porter Bancorp, Inc.
Porter Bancorp, Inc. (NASDAQ: PBIB) is a Louisville, Kentucky-based bank holding company which operates banking centers in 12 counties through its wholly-owned subsidiary PBI Bank. Our markets include metropolitan Louisville in Jefferson County and the surrounding counties of Henry and Bullitt, and extend south along the Interstate 65 corridor. We serve southern and south central Kentucky from banking centers in Butler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviess counties. We also have a banking center in Lexington, Kentucky, the second largest city in the state. PBI Bank is a traditional community bank with a wide range of personal and business banking products and services.
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