by freefind



April 2012 - MNB Corporation Commemorates Board Member’s 50 Years of Service


On Tuesday, April 17, 2012, MNB Corporation (MNB), parent company of Merchants Bank of Bangor, commemorated Dr. Elwood Borger for his 50 years of service on the Bank’s Board of Directors. Dr. Borger was presented with a plaque by Richard M. Hotchkiss, Chairman of the Board of MNB Corporation and Merchants Bank, denoting his valuable 50 years of service. In addition, through a board resolution read and presented by Director David Jordan, he was honored by fellow board members and management at the MNB Corporation's Annual Shareholder's Meeting at their Forks Township Office.


As a resident of Ackermanville and a now retired veterinarian, “Doc”, has strong ties to his community. He started his directorship in April 1962 and has always taken his role very seriously. Dr. Borger also served as a former Chairman of the Board of Directors and currently serves as Chairman of the Bank’s Human Resource Committee.


In presenting the plaque to Dr. Borger, Mr. Hotchkiss commented on the attributes of “Doc”: “As a dedicated husband, father, grandfather, church leader, woodworks, bank director and chairman of the board, pillar of the community and friend, the bank would not be the bank we are today without him.”


Anthony J. Biondi, MNB’s Chief Executive Officer, noted that “Through his wealth of knowledge of the region and vast years of experience as a Bank Director, “Doc” Borger continues to remain a valuable contributor to the success of our Bank. Particularly during these demanding economic times when his historical perspective and common sense values prove so vital in addressing the complex and dynamic challenges we currently face in the financial industry.”


“Doc” Borger is one of eight directors that oversee the operations of MNB Corp. and Merchants Bank of Bangor. The Board of Directors meets monthly and is responsible to depositors and shareholders for safeguarding their interests.


Established in 1890, Merchants Bank is a locally owned and operated community bank headquartered in Bangor, PA. Merchants has two branch offices in Bangor and additional offices throughout the Lehigh Valley, including Mount Bethel, Wind Gap, Nazareth, Forks Township, Martins Creek, and a Business Center in Easton, PA.  MNB Investment Services is a division of the Bank and offers investment and wealth management financial services. The Bank’s website can be accessed at