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Investment Management & Trust Services Team

Whether you are investing to build wealth, protect your family, or preserve your assets, our personalized service focuses on your needs, wants, and long-term goals. Our team of professionals have years of experience in financial services. We can help you address your needs for today and for many years to come. We look forward to working with you. To reach our team, email wealth@psbt.com.

 

Trust Team_2020

Investment

Cassidy Thomas

Thomas C. Cassidy III, CFP®®

Trust Services Manager
SVP
Chief Investment Officer

phone | 570-346-7741 x1606

150 North Washington Avenue
Scranton, PA 18503

Tom is responsible for managing and directing the investment process in the bank’s Wealth Management Group - Investment Management & Trust Services Division.

This includes the coordination of the investment philosophy, strategies and resources with the needs and objectives of a wide range of institutional and individual customers.

Tom has more than 25 years of experience in the financial services industry.
Prior to joining Peoples Security, Tom served as the Chief Investment Officer for Univest’s Wealth Management Division and worked as an investment management consultant and manager for PricewaterhouseCoopers.

He earned a B.S.B.A. degree in finance from Shippensburg University. He also holds the designation of Certified Financial Planner.

Carl Pettinato

Carl J. Pettinato

Vice President
Investment Officer

phone | 570-346-7741 x2204

150 North Washington Avenue
Scranton, PA 18503

Carl is responsible for the management of portfolios within the Wealth Management Group – Investment Management & Trust Services Division. He currently works with individual and institutional clients by creating, managing and protecting their wealth in accordance their goals and objectives through the use of various financial planning tools. He has been with the firm since 2007 and brings with him over 20 years of experience in the industry.

He holds a Bachelor of Science in Business Administration and a Masters of Business Administration in Finance from Marywood University. He is active in the community, having served on various committees such as Bread Basket of NEPA and the Susan Komen Foundation - Scranton’s Race for the Cure.

Melissa Ciero

Melissa Ciero

Administrative Assistant

phone | 570-346-7741 x2225

150 North Washington Avenue
Scranton, PA 18503

Melissa serves as Administrative Assistant to our Department. She joined the bank in 1997 and has been with the Wealth Management Division since 2014.

Melissa is responsible for answering and directing phone calls, responding to general inquiries, organizing and scheduling appointments, maintaining contact lists and acting as a liaison between our Directors Trust Committee and our Officers.

 

Trust Administration & Relationship Management

Carol McMullen

Carol C. McMullen

Vice President
Trust Officer
Relationship Manager

phone | 570- 346-7741 x2202

150 North Washington Avenue
Scranton, PA 18503

Carol is responsible for the administration of personal trust and estate services and foundation/endowment account relationships. She also acts as Relationship Manager on Investment Management accounts. She has been with the bank since 1978 joining the Trust Department in 1982. She brings with her over 30 years of trust banking experience in the Northeastern Pennsylvania market.

Carol is a graduate of Marywood University, holds an MBA in Finance from the University of Scranton,
and is a graduate of the PBA Trust School and the ABA National Trust School at Northwestern University. She holds a Certified Trust and Financial Advisor designation from the American Bankers Association/Institute of Certified Bankers.

She is active in the community, currently serving on the Boards of The Choral Society of NEPA; the Isaiah F. Everhart Museum of Natural Science, History, and Art; Scranton’s First Friday Art Walk; and is a member of the finance committee of St. Luke’s Episcopal Church, Scranton and serves on the Standing Committee of the Episcopal Diocese of Bethlehem. She is a member of the 8-voice professional a cappella ensemble, The Lyric Consort, and performs with the symphonic chorus of The Choral Society of NEPA.

Kristen Noll

Kristen R. Noll

Vice President
Trust Officer
Relationship Manager
CIS

phone | 570-346-7741 x2206

150 North Washington Avenue
Scranton, PA 18503

Kristen is responsible for the administration of personal trust and estate services and serves as the
Relationship Manager on Investment Management Accounts. She joined Penn Security Bank & Trust Company in 1998 and has been with the Trust Department since 2001.

Kristen holds a Bachelor of Science Degree in Accounting/Taxation from Keystone College and a Masters of Business Administration with a concentration in Finance and Investments from Marywood University. She is a graduate of the Pennsylvania Bankers Association Central Atlantic School of Trust and Investment Management and recently received her designation as a Certified IRA Specialist.

She has been active in the community throughout her career. She has served on the boards for First Night Scranton, Corporate Fiduciaries Inc., Scranton Civic Ballet, Santa Parade Inc., Leadership Lackawanna and Bread Basket of NEPA. She currently serves on the Board of Trustees of Lackawanna Industrial Fund Enterprises (LIFE) for the Greater Scranton Chamber of Commerce, is on the Selection Committee for the Clements Educational Scholarship Fund and is also on the Perkins Grant Stakeholder Committee at Lackawanna College.

 

Tax

Robert McDonald

Robert W. McDonald

CPA
MBA
MST

phone | 570-346-7741 x2207

150 North Washington Avenue
Scranton, PA 18503

Bob joined the firm in 2000 and currently serves as the CPA and Tax Officer in the Investment Management and Trust Services Division. He brings with him a wealth of knowledge, having over 25 years of tax and accounting experience. 

Bob received his undergraduate degree majoring in Accounting and Management, an MBA in Finance and Master of Since in Taxation. Bob enjoys sharing his knowledge having served as an adjunct faculty member at The University of Scranton and Marywood University teaching courses in Federal Taxation, Corporate Taxation and Financial Accounting.

He is a member of the Pennsylvania Institute of Certified Public Accountants and Pennsylvania Society of Public Accountants.

Connie Smith

Connie Smith

Trust Operations Specialist
Tax Assistant

phone | 570-346-7741 x2224

150 North Washington Avenue
Scranton, PA 18503

Connie serves as a backup to the Trust Operations Manager. She joined the bank in 1987 and has been with the Wealth Management Division since 2008.

Connie is responsible for preparing securities for transfer and sale through local brokers, performing daily maintenance and fee monitoring, entering receipts, disbursement and asset changes to accounts and verifying securities sent and received through DTC (Bank of New York).

Connie also supports our CPA throughout the year by updating spreadsheets, mailing pertinent tax information, collecting information for annual returns and preparing estimated tax payments.

 

Operations

Carla Olenchack

Carla Olenchak

Vice President
Trust Operations Manager

phone | 570-346-7741 x2226

150 North Washington Avenue
Scranton, PA 18503

Carla is responsible for the control and direction of all daily Trust Operation functions. She joined Peoples Security Bank & Trust Company in 2005 and has been with the Wealth Management Group since 2006.

Carla is responsible for maintaining Trust Records, account cash ledgers and department cash ledgers and operates and monitors the trust accounting system. She is responsible for implementing strategies to achieve goals developed for the department as part of the bank’s annual operating plan and ensuring the department’s compliance with operating policies and procedures and outside regulatory requirements.

Lorraine Shaffer

Lorraine Shaffer

Trust Operations Specialist

phone | 570-346-7741 x2205

150 North Washington Avenue
Scranton, PA 18503

Lorraine serves as a backup to the Trust Operations Manager. She joined the bank in 1988 and has been with the Wealth Management Division since 2006.

Lorraine is responsible for preparing securities for transfer and sale through local brokers, performing daily maintenance and fee monitoring, entering receipts, disbursement and asset changes to accounts and verifying securities sent and received through DTC (Bank of New York).

She is a graduate of Penn State University.

 

The Investment Management & Trust Services Group is authorized to act in a fiduciary capacity in the state of Pennsylvania. Peoples Security Wealth Management Group is a trade name under Peoples Security Bank and Trust Company.

Not insured by FDIC or any other government agency

Not Bank guaranteed

Not Bank deposits or obligations

May lose value