Filing Analysis
First Keystone Corporation announced the redemption of its entire $25 million outstanding 4.375% Fixed to Floating Rate Notes due December 31, 2030. The redemption is scheduled to occur on September 30, 2026, at 100% of the principal amount plus accrued interest.
🚩 Red Flags
- Significant cash outflow: The company is preparing to pay out $25 million in principal, which may impact liquidity depending on the source of funds.
📋 Key Facts
- Redemption Date: September 30, 2026
- Aggregate principal amount of Notes: $25,000,000
- Interest rate: 4.375% Fixed to Floating Rate
- Maturity date of Notes: December 31, 2030
- Redemption price: 100% of principal plus accrued and unpaid interest
First Keystone Corporation announced the declaration of its third quarter dividend via a press release on August 27, 2026.
📋 Key Facts
- The company declared a dividend for the third quarter.
- The announcement was made on August 27, 2026.
- The filing is a routine announcement of dividend declaration under Item 8.01.
First Keystone Corporation announced its unaudited earnings results for the second quarter ending June 30, 2026. The filing serves as a formal announcement of the company's financial performance for the period.
📋 Key Facts
- Report date: July 30, 2026
- Reporting period: Second Quarter ending June 30, 2026
- Earnings results are unaudited
- Company is a bank holding company (parent of First Keystone Community Bank)
First Keystone Corporation announced the appointment of Stacy L. Gordner as Senior Vice President and Chief Financial Officer, effective immediately. Ms. Gordner transitions from her role as interim CFO to a permanent position within both the Corporation and its subsidiary, First Keystone Community Bank.
📋 Key Facts
- Stacy L. Gordner appointed SVP and CFO effective December 22, 2025.
- Ms. Gordner previously served as interim CFO since January 1, 2025.
- Ms. Gordner's previous roles include Controller (since Sept 2024) and Accounting Manager at the Bank.
- No employment agreements were disclosed for Ms. Gordner.
First Keystone Corporation announced the declaration of its fourth quarter dividend via a press release on November 26, 2025.
📋 Key Facts
- The company declared its fourth quarter dividend.
- Announcement date: November 26, 2025.
- Parent company of First Keystone Community Bank.
First Keystone Corporation announced its unaudited third-quarter earnings results for the period ending September 30, 2025. The filing serves as a formal announcement of the financial results via an attached press release.
📋 Key Facts
- Report date: October 31, 2025
- Reporting period: Third quarter ending September 30, 2025
- The company is the parent company of First Keystone Community Bank
- Earnings results are unaudited and released via Exhibit 99.1
First Keystone Corporation announced the declaration of its third quarter dividend via a press release on August 28, 2025.
📋 Key Facts
- The company declared its third quarter dividend.
- Announcement made on August 28, 2025.
- Parent company of First Keystone Community Bank.
First Keystone Corporation announced the appointment of Michelle M. Karas as Senior Vice President and Chief Operating Officer, effective August 13, 2025.
📋 Key Facts
- Michelle M. Karas appointed as SVP and COO of First Keystone Corporation and its subsidiary, First Keystone Community Bank.
- Effective date of appointment: August 13, 2025.
- Annual salary for Ms. Karas is set at $190,000 plus standard senior executive benefits.
- Ms. Karas previously served as SVP, Chief Data Officer, and Corporate Secretary for Penns Woods Bancorp, Inc.
First Keystone Corporation announced its unaudited earnings results for the second quarter ending June 30, 2025. The filing serves as a formal notice of the release of quarterly financial performance.
📋 Key Facts
- Report date: July 30, 2025
- Reporting period: Second Quarter ending June 30, 2025
- Company announced unaudited earnings results via press release (Exhibit 99.1)
- Signed by Jack W. Jones, President and CEO
First Keystone Corporation held its Annual Meeting of Shareholders on May 8, 2025. The meeting resulted in the election of four Class A Directors and the ratification of Baker Tilly US, LLP as the independent auditor for fiscal year 2025.
📋 Key Facts
- Annual Meeting held on May 8, 2025.
- Total shares entitled to vote: 6,218,781 (as of March 7, 2024 record date).
- Shares present in person or by proxy: 4,157,348.
- Four Class A Directors elected: John E. Arndt, Whitney B. Holloway, Nancy J. Marr, and Jack W. Jones (term of three years).
- Baker Tilly US, LLP ratified as independent registered public accounting firm for FY 2025.
First Keystone Corporation announced its unaudited earnings results for the first quarter ended March 31, 2025. The filing serves as a formal announcement of quarterly financial performance via an attached press release.
📋 Key Facts
- Report date: April 29, 2025
- Period covered: First Quarter ending March 31, 2025
- Earnings results are unaudited
- The filing includes a press release as Exhibit 99.1
First Keystone Corporation announced the declaration of its first quarter dividend via a press release on February 27, 2025. This is a routine capital allocation announcement for the parent company of First Keystone Community Bank.
📋 Key Facts
- Company declared its first quarter dividend on February 27, 2025.
- The announcement was made via a press release attached as Exhibit 99.1.
- The filing is an 'Other Events' disclosure under Item 8.01.
First Keystone Corporation announced its unaudited earnings results for the fourth quarter and fiscal year ended December 31, 2024. The filing serves as a formal announcement of the company's quarterly financial performance.
📋 Key Facts
- Earnings release date: January 31, 2025
- Reporting period: Fourth quarter and fiscal year ending December 31, 2024
- The filing includes an unaudited earnings press release as Exhibit 99.1
First Keystone Corporation announced the retirement of President and CEO Elaine A. Woodland, effective January 31, 2025. Jack W. Jones has been appointed as successor, initially serving as COO until Ms. Woodland's departure, at which point he will assume the CEO role.
🚩 Red Flags
- Succession involves a transition period where the incoming CEO is already working as COO, which can sometimes indicate internal friction or rapid restructuring, though not explicitly stated here.
- Significant severance obligations (up to 2.99x salary) for the new executive.
📋 Key Facts
- Elaine A. Woodland to retire as President and CEO effective January 31, 2025.
- Jack W. Jones appointed Executive Vice President and COO effective January 6, 2025.
- Mr. Jones will become President and CEO following Ms. Woodland's retirement on Jan 31, 2025.
- New CEO employment agreement includes a 4-year initial term with automatic renewals.
- Base salary for Mr. Jones is set at $395,000 per annum.
- Severance terms include potential payouts of 2.0x to 2.99x annual base salary in 'Good Reason' termination scenarios.
Elaine A. Woodland has announced her retirement as President and Chief Executive Officer of First Keystone Corporation and its subsidiary, First Keystone Community Bank, effective January 31, 2025. She will continue to serve on the Board of Directors.
🚩 Red Flags
- Departure of the top executive (CEO) can create leadership uncertainty during transition periods.
📋 Key Facts
- Departure date: Effective January 31, 2025.
- Roles vacated: President and CEO of both First Keystone Corporation and First Keystone Community Bank.
- Continuity: Ms. Woodland will remain as a director for the Corporation and the Bank.
- Succession status: The Board has engaged in a succession planning process.
First Keystone Corporation announced the retirement of its CFO, Diane C.A. Rosler, effective December 31, 2024. The company has appointed Stacy Gordner as interim CFO starting January 1, 2025.
🚩 Red Flags
- Planned departure of a key executive (CFO) during the transition period.
📋 Key Facts
- Diane C.A. Rosler (CFO) to retire effective December 31, 2024.
- Stacy Gordner appointed as interim CFO effective January 1, 2025.
- Ms. Gordner's annual salary will be $145,000 per annum.
- Ms. Gordner has served as the Bank's Controller since September 15, 2024.
First Keystone Corporation announced the declaration of its fourth quarter dividend via a press release on November 27, 2024.
📋 Key Facts
- The company declared its fourth quarter dividend.
- The announcement was made via a press release dated November 27, 2024.
- The filing is categorized under 'Other Events' (Item 8.01).
First Keystone Corporation announced its unaudited third-quarter earnings results for the period ending September 30, 2024. The filing serves as a formal announcement of the company's quarterly financial performance.
📋 Key Facts
- Report date: October 31, 2024
- Reporting period: Third quarter ended September 30, 2024
- The filing includes unaudited earnings results via Exhibit 99.1
- Company is the parent of First Keystone Community Bank
First Keystone Corporation filed an amendment to its previous 8-K to report the declaration of a third quarter dividend via press release. This is an administrative amendment to include Exhibit 99.1.
📋 Key Facts
- The filing is an Amendment No. 1 to an Original Form 8-K regarding Item 8.01 (Other Events).
- The purpose of the amendment is to attach a press release reporting the declaration of the third quarter dividend.
- The company is the parent company of First Keystone Community Bank.
First Keystone Corporation announced the declaration of its first quarter dividend on September 20, 2024. This is a routine announcement regarding shareholder distributions.
📋 Key Facts
- Company declared its first quarter dividend on September 20, 2024.
- The filing serves to accompany the press release detailing the dividend declaration (Exhibit 99.1).
First Keystone Corporation announced its unaudited earnings results for the second quarter ending June 30, 2024. The filing serves as a placeholder to incorporate the press release announcing these financial results by reference.
📋 Key Facts
- Reporting period: Second Quarter ending June 30, 2024.
- Announcement date: July 30, 2024.
- The filing incorporates a press release (Exhibit 99.1) containing the unaudited earnings results.
First Keystone Corporation announced its unaudited earnings results for the first quarter ended March 31, 2024. The filing serves as a formal announcement of quarterly financial performance via an attached press release.
📋 Key Facts
- Report date: June 10, 2024
- Reporting period: First Quarter ending March 31, 2024
- The filing includes unaudited earnings results as per Exhibit 99.1
- Company is the parent of First Keystone Community Bank
First Keystone Corporation held its Annual Meeting of Shareholders on May 30, 2024. The meeting resulted in the election of three Class A Directors and the ratification of Baker Tilly US, LLP as the independent auditor for fiscal year 2024.
📋 Key Facts
- Annual Meeting held on May 30, 2024.
- Total shares entitled to vote: 6,153,283 (as of April 5, 2024 record date).
- Shares present in person or by proxy: 3,888,419.
- Three Class A Directors elected: Michael L. Jezewski, William E. Rinehart, and David R. Saracino.
- Baker Tilly US, LLP ratified as the independent registered public accounting firm for fiscal year 2024.
First Keystone Corporation announced a non-cash goodwill impairment as of March 31, 2024, and declared its second quarter dividend.
🚩 Red Flags
- Material impairment of goodwill indicates a potential decline in the value of acquired assets or business units.
- Impairments can lead to significant non-cash charges that impact reported net income and equity.
📋 Key Facts
- Announced a non-cash goodwill impairment effective as of March 31, 2024 (Item 2.06).
- Declared the company's second quarter dividend (Item 8.01).
- The filing was made on May 30, 2024.
First Keystone Corporation announced the declaration of its first quarter dividend via a press release on March 6, 2024.
📋 Key Facts
- Company declared its first quarter dividend.
- The announcement was made via a press release dated March 6, 2024.
- Parent company of First Keystone Community Bank.
First Keystone Corporation announced its unaudited fourth quarter and fiscal year 2023 earnings results on January 31, 2024. The filing serves as a formal announcement of the company's financial performance for the period ending December 31, 2023.
📋 Key Facts
- Reported unaudited earnings for the period ending December 31, 2023.
- Earnings results were announced via press release on January 31, 2024.
- The filing includes Exhibit 99.1 containing the full press release.