Lehigh Valley Restaurant Group, the Allentown-based Red Robin franchisee covering the Lehigh Valley and Harrisburg regions, has named Nikki Bloom as its new chief financial officer.
In her new role, Bloom will oversee all finance and accounting functions while leveraging creative problem-solving skills to maximize financial performance at all restaurant locations.
Bloom has been with the restaurant group for nearly 20 years and has risen through the ranks, gaining experience in all facets of accounting and finance for the company.
Bloom was credited with helping to lead LVRG out of the uncertain times of the pandemic and into stability, recovery and sales growth throughout 2021 while still planning for the company’s future.
The company said she served in a critical role in 2020, handling government shutdowns, Payroll Protection Program Loans, and Employee Retention Tax Credits and implemented many effective and crucial measures to help preserve the necessary funds to meet the company’s financial obligations.
“Nikki values integrity, ethical behavior, lifelong learning for her and her team, building relationships with team members and our vendor partners, and time with her family and friends. She is a true brand ambassador of LVRG, and her many accomplishments are a great example of how passion, empathy, commitment, and continued education are a pathway to leadership and success,” says Mike Axiotis, CEO of Lehigh Valley Restaurant Group. “I am truly proud and honored to have her on our team.”
Bloom earned her bachelor’s degree from East Stroudsburg University and two associate degrees from Lehigh Carbon Community College in Business Administration and Accounting.
Financial services executive and 25-year industry veteran Donald Holt was named interim chief financial officer of Millersburg-based Mid Penn Bancorp Inc. and its wholly owned subsidiary Mid Penn Bank.
He will report to president and CEO Rory Ritrievi and lead the accounting, finance and treasury functions. In addition, according to a release, Holt will also oversee the investment committee, manage the asset-liability committee and interest rate risk management processes and be responsible for the regulatory reporting process with banking and securities agencies.
Holt was most recently chief financial officer of Community Banks Inc. and Keystone Financial Inc.; he was previously a manager in public accounting firm Ernst & Young.
“Having known Don for a few decades, he was the first candidate I thought of when we began our search for an interim,” Ritrievi said in the release. “His broad merger and acquisition experience combined with his deep accounting and regulatory knowledge make Don the perfect interim step for our company as we conduct a thorough and thoughtful search for a permanent CFO.”
Mid Penn has 36 retail locations in the state and total assets of more than $3 billion. Its footprint extends into Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill and Westmoreland counties.
Summit Technology Group named Sangeeta Kishore, a veteran leader of progressive community banks, as chief financial officer.
The Mechanicsburg-based company is a software solution, cloud engineering and modernization business serving more than 200 community institutions in the financial services industry.
Kishore was most recently part of the executive team that started Grasshopper Bank – the first U.S. digital bank for commercial customers – and raised over $130 million. Before that, she was chief financial officer at Metropolitan Commercial Bank and senior executive vice president, chief financial officer and senior risk officer at Kish Bank.
She holds four degrees, including a Master of Business Administration with concentrations in finance and strategy from the University of Chicago’s Booth School of Business.
“As STG expands its outsourced bank operations team, Sangeeta’s talent and depth of experience in banking industry will allow us to provide even more value to our community bank customers,” Ben Wallace, CEO of Summit Technology Group, said in a release. “Sangeeta will be deeply involved in helping grow our services practice, allowing our clients to think differently about how they manage their back offices to increase operational efficiency – including credit underwriting, SBA operations and risk management services.”
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