Embassy Bancorp, Inc. (OTCQX: EMYB) announced that Jeffrey Skumin will assume the role of Chief Financial Officer on December 31, 2025. Skumin, who has served as Executive Vice President of Finance since March 2020, brings a 19‑year CPA and audit partnership background and prior experience as Chief Accounting Officer at a large regional bank. The promotion reflects the company’s focus on retaining seasoned leadership to guide its financial strategy as it expands in the Lehigh Valley.
In its most recent quarterly report, Embassy Bancorp posted a net income of $3.8 million, or $0.50 per diluted share, for the third quarter of 2025—up from $2.7 million, or $0.36 per diluted share, in the same period a year earlier. The bank’s net interest margin (FTE) rose to 2.52% for the quarter ended September 30, 2025, from 2.21% in the prior year’s quarter, driven by higher loan growth and a favorable mix of interest‑earning assets. Deposits increased to $1.62 billion, supporting the bank’s strong liquidity position.
CEO David M. Lobach, Jr. said Skumin’s appointment “strengthens our financial leadership and positions us to capitalize on growth opportunities in the Lehigh Valley.” He added that the bank’s recent performance—highlighted by a 19% increase in net income and a 14% rise in deposits—demonstrates the effectiveness of its disciplined cost structure and focus on community‑banking relationships. Skumin will oversee the continued execution of the bank’s growth plan, which includes expanding digital banking services and opening new branches to capture market share in the region.
Embassy Bancorp also announced a $5 million stock repurchase program, signaling confidence in its valuation and a commitment to returning value to shareholders. The bank’s community‑banking model, which has earned it the “Best Bank” award in The Morning Call’s Readers’ Choice Awards for the 11th time, underpins its strategy of deep local engagement and personalized service.
The internal promotion underscores Embassy Bancorp’s emphasis on continuity and expertise. With a solid financial footing—low non‑current loan exposure, a robust net interest margin, and growing deposits—the bank is well positioned to sustain its growth trajectory while maintaining strong capital stewardship.
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