Muncy Columbia’s Tasselli exits Dec 31; advisory role Jan 1, 2026
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Muncy Columbia Financial Corporation reported that director Stephen M. Tasselli will resign from the boards of the company and its banking subsidiary, Journey Bank, effective December 31, 2025. The company stated his resignation is not due to any disagreement.
Effective January 1, 2026, Mr. Tasselli will join the Journey Bank Advisory Board for a term through February 2027, with compensation of $25,000 per year.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did CCFN announce regarding its board?
Director Stephen M. Tasselli will resign from the boards of Muncy Columbia Financial Corporation and Journey Bank effective December 31, 2025.
Is Mr. Tasselli’s resignation linked to a disagreement?
No. The company stated the resignation is not the result of any disagreement with the company or the bank.
What role will Stephen M. Tasselli assume after resigning?
He will join the Journey Bank Advisory Board effective January 1, 2026, serving through February 2027.
What compensation will Tasselli receive in his new role?
He will receive $25,000 per year for service on the Journey Bank Advisory Board.
Does Muncy Columbia Financial (CCFN) have listed securities on an exchange?
The filing indicates None under securities registered pursuant to Section 12(b) of the Exchange Act.
Which subsidiary is affected by this board change?
The change applies to Journey Bank, the wholly owned banking subsidiary of Muncy Columbia Financial Corporation.