Embassy Bancorp, Inc. Announces Promotion of Jeffrey Skumin to Chief Financial Officer
Rhea-AI Summary
Embassy Bancorp (OTCQX: EMYB) announced the promotion of Jeffrey Skumin to Chief Financial Officer of the company and Embassy Bank for the Lehigh Valley, effective December 31, 2025. Mr. Skumin will continue to oversee the finance department and guide the company’s financial strategy and growth.
He joined Embassy in March 2020 as Executive Vice President of Finance and previously spent 19 years as a CPA, including serving as an audit partner focused on financial institutions and most recently as Chief Accounting Officer at a large regional bank.
The company highlighted his local ties to the Lehigh Valley and experience as reasons for the appointment.
Positive
- CFO promotion is internal and effective Dec 31, 2025
- Skumin has served at Embassy since March 2020
- 19 years of CPA and audit partner experience in financial institutions
Negative
- None.
News Market Reaction – EMYB
In the Dec 5 session, EMYB declined 0.11%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Dec 05 | CFO promotion | Neutral | -0.1% | Promotion of Jeffrey Skumin to CFO effective December 31, 2025. |
| Oct 27 | Stock repurchase | Positive | +2.3% | Authorization of first stock repurchase program up to $5.0 million. |
| Oct 22 | Awards & rankings | Positive | -0.3% | Multiple “Best Bank” recognitions and strong local deposit share. |
| Aug 15 | Earnings results | Positive | +1.4% | Q2 2025 earnings growth with higher net income and margins. |
| Jun 25 | Leadership hire | Neutral | +0.0% | Appointment of experienced VP of Business Banking for Lehigh Valley. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Positive financial and capital actions (earnings, buyback) have tended to see supportive price reactions, while reputational or management news has shown flat to slightly negative moves.
Over the last six months, Embassy Bancorp reported strong Q2 2025 results with net income of $3.4 million and a solid asset-quality profile, then followed with a first-ever $5.0 million stock repurchase authorization effective October 31, 2025. The bank also received multiple local “Best Bank” recognitions and added experienced leadership such as Adrienne Kwiatek-Holub in business banking. Today’s CFO promotion continues this theme of strengthening management as the franchise grows around the Lehigh Valley.
Key Terms
cpa financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
BETHLEHEM, Pa., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Embassy Bancorp, Inc. (OTCQX: EMYB) (the “Company” or “Embassy”) is pleased to announce the promotion of Jeffrey Skumin to Chief Financial Officer (CFO) of the Company and its subsidiary bank, Embassy Bank for the Lehigh Valley, effective December 31, 2025. In his new role, Mr. Skumin will continue to oversee Embassy’s finance department and play a key role in guiding the organization’s financial strategy and growth.
Mr. Skumin has been an integral part of Embassy since joining in March 2020 as Executive Vice President of Finance, where he has provided leadership and expertise in all aspects of financial management. He is a valued member of the Company’s leadership team and has contributed significantly to its success.
Prior to joining Embassy, Mr. Skumin enjoyed a distinguished 19-year career as a CPA, serving as an audit partner in the financial institutions practice of a national accounting firm, where he worked closely with numerous community banks. Immediately before joining Embassy, he served as Chief Accounting Officer for a large regional bank, further deepening his experience in the banking industry.
A lifelong resident of the Lehigh Valley, Mr. Skumin is a graduate of Muhlenberg College and has been actively involved in various community organizations throughout his career.
“Jeff’s extensive experience and proven leadership make him an outstanding choice for CFO,” said David M. Lobach, Jr., Chairman, President and CEO. “We are excited to have him continue to guide our financial operations as we grow and serve our community.”
About Embassy Bancorp, Inc.
Embassy Bancorp, Inc., parent of Embassy Bank For the Lehigh Valley, is a community bank with
As of June 2025, Embassy Bank ranks 4th in deposit market share across Lehigh and Northampton Counties. In 2025, the Bank earned top honors, including The Morning Call’s “Best Bank”, Lehigh Valley Style’s “Best Bank” and “Best Mortgage Company”, and Bauer Financial’s 5-star rating for strength and stability.
For more information, visit www.embassybank.com.
Safe Harbor for Forward-Looking Statements
This document may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the company’s business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations, including industry consolidation and development of competing financial products and services; interest rate movements; changes in credit quality; difficulties in integrating distinct business operations, including information technology difficulties; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Embassy Bancorp, Inc.’s filings with the Securities and Exchange Commission (SEC). The statements are valid only as of the date hereof and Embassy Bancorp, Inc. disclaims any obligation to update this information.
Contact:
David M. Lobach, Jr.
Chairman, President and CEO
(610) 882-8800
