A fiasco of Herculean proportion.
According to the 2007 Proxy Statement, April 2, 2007, Sterling's Board met 12 times in 2007, and its non-employee directors received $613,976 in compensation. Nice!
Some of the following will undoubtedly soon be or probably should be in jail:
Executive Officers: J. Roger Moyer, Jr., President and CEO; Tito L. Lima, CFO and Treasurer; J Bradley Scovill, Sr. VP and Chief Revenue Officer; Thomas J. Sposito, II, Chief Banking Officer; Chad M. Clabaugh, Sr. VP Personal Services.
Board of Directors: Richard H. Albright, Jr., Dentist; Michael A. Carenzo, CADWA Associates; Anthony D. Chivinski, Pennfield Corp.; Howard E. Groff, Jr., Howard E. Groff Co.; John R. Henderson, J.R.Henderson & Associates; Terrence L. Hormel, Bank of Hanover; David E. Hosler, Murray Insurance; Wm. E. Miller, Jr., Pa. State Bank; Moyer; W. Garth Sprecher, D&E Communications; John E. Stefan, former Chairman, Pres., and CEO, Sterling; Glenn R. Walz, Walz, Deihm, Geisenberger, Bucklen, and Tennis, PC.
