|Challenge and Opportunity' Attract Petrycki to CCNB
John V. Petrycki, a New Jersey banking executive, crossed the state line this month to become president and chief executive officer of CCNB Bank, Camp Hill, Pa.
Last week, with approvals from national bank and thrift regulators, he added the same titles at the bank's parent, CCNB Corp. The $1.2 billion-asset community bank holding company also owns Parent Federal Savings Bank, Lancaster, Pa., and Gettysburg National Bank.
A First Fidelity Veteran
Mr. Petrycki was the CEO and president at First Fidelity Bank of South Jersey, Burlington, a subsidiary of First Fidelity Bancorp., Lawrenceville. He had been with the bank since 1972.
The 50-year-old Mr. Petrycki said that the new position offers "challenge and opportunity" and that CCNB "will remain consumer and community oriented."
Meanwhile, the holding company may face a decision about its future. John O. Vartan, owner of 5.9% of the company, revealed in a Securities and Exchange Commission filing on Sept. 13 that CCNB Corp. had been approached by potential acquirers but had yet to receive any formal offers. Mr. Vartan is the CEO of Vartan Enterprises in Harrisburg.
Mr. Petrycki, who has more than 30 years of banking experience, headed the First Fidelity unit during a period of growth and consolidation when assets grew tenfold, to $2.4 billion.
In addition to fulfilling his other duties at CCNB, which include a seat on the holding company's board, Mr. Petrycki said, he will work on technology improvements and innovations to serve the bank's market -- six southern Pennsylvania counties, in which the bank has 42 offices.
A Steady Rise
Mr. Petrycki began his career with Manufacturers Hanover Trust Co. in 1958. He joined what is now First Fidelity Bank of South Jersey as assistant vice president and commercial lending officer. He became a vice president and commercial lending officer in 1974, executive vice president in 1976, and president and CEO in 1978.
Mr. Petrycki has experience in areas including asset-liability management, loan policy, operations, retail and wholesale banking, human resources, and finance. He is a graduate of Rutgers University, with a degree in economics.