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This profile was last updated on 8/3/07  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. George H. Groves

Wrong George H. Groves?

Board Member

First National Bank
 
Background

Employment History

  • Chairman of the Capital Region
    First National Bank
  • Chairman and Chief Executive Officer
    The Legacy Bank PA
  • Chairman of the Capital Region
    First National Bank of Pennsylvania
  • President and Chief Executive Officer
    Miners Bank
  • Chairman of the Capital Region
    First National Bank of Pennsylvania as Executive Vice President

Board Memberships and Affiliations

Education

  • Bachelor of Science , Engineering
    the United States Military Academy at West Point
  • Masters of Business Administration
    University of Virginias Darden Graduate School of Business
86 Total References
Web References
George H. Groves Retires ...
www.fnbcorporation.com, 3 Aug 2007 [cached]
George H. Groves Retires from First National Bank
...
George H. Groves Retires from First National Bank Business Leader Founded The Legacy Bank
Harrisburg, PA - August 3, 2007 - First National Bank of Pennsylvania today announced the retirement of George H. Groves as Chairman of the First National Bank Capital Region and member of the Board of Directors of First National Bank. Mr. Groves was formerly Chairman and Chief Executive Officer of the former The Legacy Bank, which he founded in 1999. The Legacy Bank was acquired by First National Banks parent company, F.N.B. Corporation (NYSE: FNB) in 2006. He will remain a member of the First National Bank Capital Region Community Board.
The successful founding of The Legacy Bank and its subsequent sale to F.N.B. Corporation has been a highlight of my career, said Groves.
...
Mr. Groves conceived, planned, organized, and led the formation and start up of The Legacy Bank of Harrisburg, a business focused bank that was the first denovo bank in the Capital Region in twelve years. Opening with one office in September of 1999, by 2006 the bank operated eight offices in five counties and had approximately $375 million in assets and a Trust Company subsidiary with an additional $160 million in assets under management.
George Groves created a customer-focused bank that was an excellent fit for F.N.B., noted Stephen Gurgovits, President and Chief Executive Officer of F.N.B. Corporation.
...
Mr. Groves has been a widely known business leader in Central Pennsylvania since 1985 when he moved to Williamsport as Chief Operating Officer, and later President and Chief Executive Officer of Northern Central Bank, a $750 million affiliate of the former Keystone Financial, Inc., Harrisburg. After three years, during which he resolved Northerns financial problems and returned the bank to its former position of respect in the community, he was promoted to Executive Vice President of Keystone and later to Senior Executive Vice President and Chief Banking Officer. At Keystone he presided over the corporations growth in assets from $2 billion to $7 billion. Mr. Groves earned a Bachelor of Science in Engineering from the United States Military Academy at West Point. After discharge from the Army, where he attained the rank of Captain, he completed his graduate studies at the University of Virginias Darden Graduate School of Business, earning a Masters of Business Administration.
He began his banking career in Chicago as a commercial lending officer for FNB Chicago and LaSalle National Bank. He was a Senior Vice President with Irwin Union Bank & Irwin Union Corporation in Columbus, Indiana prior to joining Nutech, Inc., a $60 million electric power consulting firm, as Chief Financial Officer. Mr. Groves left Nutech to co-found a business consulting firm, Derr & Groves, that specialized in business acquisitions.
He has served on the Board of Directors and Executive Committee of the Pennsylvania Bankers Association. He is a past chairman of the Board of Directors of the Williamsport Area Community College, and of the Harrisburg Symphony, and served on the Boards of the Mount Gretna Theater and the Dauphin County Library. He is currently a member of the Advisory Council for the Pennsylvania State University Harrisburg School of Business.
News and Press Releases
www.fnbcorporation.com [cached]
First National Bank of Pennsylvania today announced the retirement of George H. Groves as Chairman of the First National Bank Capital Region and member of the Board of Directors of First National Bank. http://www.fnbcorporation.com/NewsandPressReleases/2007/August/August32007.aspx
The Legacy Bank Annual Meeting Held, Share Repurchase Plan Announced
finance.lycos.com [cached]
"We are proud to provide our shareholders with the 2004 Year in Review, which detailed our performance and the achievement of our strategic objectives," said George H. Groves, CEO and Chairman of The Legacy Bank.
...
George H. Groves, Chairman and CEO announced that the Bank's strategy in 2005 will be to: grow a financially diversified banking company; achieve high performance standards; increase share price; and monitor acquisition opportunities, specifically those that fill the Legacy geographic footprint.
In addition, at the annual shareholders meeting, Mr. Groves announced that the Board of Directors of The Legacy Bank approved a stock repurchase program authorizing the repurchase of up to 5% of the Bank's outstanding common stock, which is approximately 3,609,417 shares.This program will allow the repurchase of approximately 180,000 shares of common stock.Purchases may be made, from time to time during the next twelve months, in the open market or in privately negotiated transactions, based on market conditions and other factors.The repurchase program may be suspended at any time without prior notice.The repurchase program is subject to FDIC and Pennsylvania Department of Banking approval.
According to Chairman and Chief Executive Officer George H. Groves, the repurchased shares will be held as treasury shares available for issuance in connection with employee stock options, outstanding warrants, and other appropriate corporate purposes.
Judy Hoppes, American Cancer ...
www.theminersbank.com, 23 Jan 2014 [cached]
Judy Hoppes, American Cancer Society, accepts a donation from George Groves, President & CEO of Miners Bank, raised during the Bank's "No Shave January" fund raising event.
Directors & Officers | PACB
www.pacb.org, 27 Feb 2013 [cached]
George Groves, CEO Miners Bank Pottsville-Minersville Hwy Minersville, PA 17954
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