The board of trustees of Bally Savings Bank announced that effective May 4, 2015, Michelle H. Debkowski assumed the role of President and CEO. Richard F. Schmoyer, Jr. has retired as president, but will remain chairman of the board. As chairman of the board, Mr. Schmoyer will continue to provide strategic leadership to the bank by working with the board, Ms. Debkowski as president and CEO and the executive management team. As president and CEO of the bank, Ms. Debkowski will provide executive leadership and direction for the bank as we strive to continue to provide high quality banking products and exceptional customer service to our communities. Diane L McElwee, executive vice president, will continue to manage the daily operations of the bank.

                Michelle H. Debkowski has over 20 years of financial experience, most recently serving as executive vice president for National Penn Bancshares, Inc. She joined National Penn in 1993, where she held a variety of positions including key roles in the areas of finance, corporate governance, risk management and regulatory compliance. Previously, she was a financial statement auditor with Grant Thornton, CPAs, in Philadelphia, Pennsylvania.

                Ms. Debkowski graduated magna cum laude with a Bachelor of Business Administration in Accounting from Temple University's Accounting Honors Program. She subsequently obtained professional designations, including Certified Public Accountant, Certified Regulatory Compliance Manager and Certified Risk Professional.

                During the 20 years Ms. Debkowski has lived and worked in the Berks and Montgomery County areas, she has been actively involved with a variety of community and professional organizations, including serving for a number of years as a troop leader for the Girl Scouts of Eastern Pennsylvania.

                Established in 1923, Bally Savings Bank is a Pennsylvania mutually chartered and federally insured savings bank located in Bally, Pennsylvania. The Bank and its Board of Trustees remain committed to its core values and business principles to drive the strongest financial performance for the Bank and sustain its future, while continuing to provide caring customer service.