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Miners Bank of Hazleton Announces Branch in Conyngham, PA

June 14, 2013

(Conyngham, PA – June 15, 2013) – The Miners Bank announced today that it has reached an agreement to lease a Bank branch facility in Conyngham, Pennsylvania.

The Branch will open as a Miners Bank of Hazleton branch as soon as regulatory approval is received.  It is expected that this approval will be granted within 45 days.

“This action is an outgrowth of our community bank strategy to provide coverage to the strong markets of Luzerne County.  We look forward to establishing new relationships and servicing Conyngham and the surrounding areas,” said George H. Groves, President and Chief Executive Officer of Miners Bank. 

“As mayor of Conyngham, I would like to extend a warm welcome and sincere appreciation to the Miners Bank for their commitment to establish a branch office in our community.  The importance of having a community based financial institution only accentuates the deep rooted values of our area.  Welcome to Conyngham,” said Mayor Joe Carrelli.

“The success of our Loan Production office in the Hazleton market, coupled with the favorable response to our capital raise, has resulted in this full-service office becoming a reality.  I am thrilled to see this occur and look forward to more positive results within this market area” said John J. Spevak, Executive Vice President – Hazleton Market Manager. 

“We are extremely pleased to see Miners Bank in Sugarloaf Township and welcome them”, said Jack Wittig, Sugarloaf Township Supervisor.  He added, “It’s wonderful to see vacant business space become occupied for the benefit of the entire community”.

The opening of the Conyngham Branch complements four (4) Schuylkill County branches currently operated by Miners Bank in Minersville, Gordon, Frackville, and Tremont.  The Miners Bank of Hazleton also operates a loan production office in Hazleton, Pennsylvania. 

About Miners Bank:

The Miners Bank is committed to providing personalized service and a full array of quality products to individuals and businesses.  The corporation, Phoenix Bancorp, Inc., including its wholly owned subsidiary, Miners Bank, which was founded in 1935, has $140 million in corporate assets.  Miners Bank serves the needs of communities throughout Schuylkill and southern Luzerne County through local decision making and active community involvement by employees.

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