than $1 million this quarter because of the resignation of its president.
Main Street Bancorp in Reading is to pay Allen E. Kiefer $1.4 million
Mr. Kiefer resigned last week after more than a year with the company.
The charge should make a serious dent in third-quarter earnings. In the
Mr. Kiefer joined Main Street in May 1998 when the company was formed
He had been chairman and chief executive officer of Heritage at the
In a statement, Mr. Oswald called the resignation an excellent
Main Street operates three bank subsidiaries and 39 branches in 11