The First National Bank of Dryden
The Board of Directors of the First National Bank of Dryden is pleased to announce the following:
- The election of William J. Pomeroy as Chairman of the Board of Directors. Mr. Pomeroy was formerly Vice Chairman and has been a member of the Board of Directors since 2005.
- The election of Clinton S. Brooks as Vice Chairman and Secretary. Mr. Brooks has been a member of the Board of Directors since 2012.
- The promotion of Clinton S. Brooks as President and Chief Executive Officer. Mr. Brooks was formerly Executive Vice President.
- The promotion of Michael W. Shattuck as Executive Vice President and Cashier. Mr. Shattuck was formerly Senior Vice President and Cashier.
- The appointment of Sandra L. Prugh as the sixth member of the Board of Directors. Before her retirement, Ms. Prugh was Executive Vice President and Cashier.
During this time of transition, the Board of Directors is confident that our new leadership will continue to uphold the longstanding tradition of providing excellent service to our shareholders and customers.
Ronald C. Denniston
Ronald C. Denniston, 79, of Virgil, NY, passed away peacefully at home on Sunday, October 25, 2020. He was born August 30th, 1941 in Oswego to the late Charles and Charlotte Denniston. From birth to the age of 7, he grew up on a farm in the Oswego area where he gained his love of farming and the seeds of
a strong work ethic were planted. He moved to Dryden and graduated from Dryden High School in 1958 where he was President of the student body in his Senior year, learning leadership skills he would later expand upon. He attended Ithaca College majoring in Business Management. After college, he began his banking career at the Tompkins County Trust Company. He went on to work at the First National Bank of Dryden, learning from top management, where he became an officer in 1966 at the age of 25 and later advanced to President and CEO in 1986.
The First National Bank of Dryden
Statement of Purpose and Mission
It shall be the purpose and mission of this organization to operate a commercial bank and such other activities as permitted by state and/or federal law. All such activities must be consistent with the purposes and objectives of the shareholders of this organization.
The bank’s most important asset is its customers. Our products are designed, our hours are set and our employees are hired to meet the needs of customers. High quality customer service is a primary mission of this bank. The community that we serve shall be that physical area in which our offices and/or business contacts are, such as to provide a network of products and services to the public, and shall not be constrained by artificial barriers such as village, county, or regional boundaries.
Over time, our definition of community may change as we have the opportunities to merge and acquire other businesses, but it shall be our purpose and mission to remain an independent entity in contrast to state wide or national branching organizations.
It shall be the mission of this organization to strive to obtain the maximum benefit to the investment of shareholders in terms of both short-term yield and long term growth. When necessary, we will sacrifice short-term earnings for higher profits in the future, but only when we are sure that the short-term sacrifices are worth long-term gains. This organization will also attempt to minimize the risk to our shareholders by making prudent business decisions and maintaining adequate levels of capital and reserves.
This bank recognizes the importance of the customers and communities it serves, and will strive to provide the highest level of products and service achievable in keeping with our commitment to the Community Reinvestment Act. Further, it is the objective of this organization to provide such products and services in consistency with our objectives of long-term profitability and maximum shareholder protection.
The bank is a responsible citizen and business leader of our community. The bank takes its citizenship duties seriously. We will not knowingly take actions that are adverse to the best interest of our community, its businesses, or its families.