UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report: 11/10/05
(Date of earliest event reported)
PENSECO FINANCIAL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)
000-23777
(Commission File Number)
PA 23-2939222
(State or other jurisdiction (IRS Employer
of incorporation) Identification No.)
150 North Washington Avenue, Scranton, Pennsylvania 18503-1848
(Address of principal executive offices) (Zip Code)
(570) 346 - 7741
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
Penseco Financial Services Corporation (the "Company") issued a press release
announcing the appointment of Mr. Craig W. Best (45) as President and Chief
Executive Officer of both the Company and its wholly-owned subsidiary, Penn
Security Bank & Trust Company, Scranton, Pennsylvania, effective January 3,
2006. Mr. Best began his banking career with Equibank in Pittsburgh,
Pennsylvania. He has been employed by First Commonwealth Financial Corporation,
a $6.2 billion financial services company, located in Indiana, Pennsylvania
since 1986. For the last five years, Mr. Best held the position of Chief
Operating Officer of First Commonwealth Bank where he was responsible for all
lines of business and all major administrative functions. A copy of full text of
the Employment Agreement is attached as Exhibit 10.0 and the Company's press
release is attached as Exhibit 99.1 to this current Report on Form 8-K and is
incorporated into this Item 5.02 by reference.
Item 9.01 Financial Statements and Exhibits
(c.) Exhibits
The following exhibit is included with this Report:
10.0 Employment Agreement with Craig W. Best
99.1 Press release issued by Penseco Financial Services Corporation
on November 10, 2005 announcing the appointment of Craig W.
Best as President and Chief Executive Officer of both the
Company and its wholly-owned subsidiary, Penn Security Bank &
Trust Company, Scranton, Pennsylvania, effective January 3,
2006.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
By: /s/ OTTO P. ROBINSON JR.
________________________
Otto P. Robinson, Jr.
President
Date: November 10, 2005