Dime Bank Parent Company Dimeco, Inc. Names New Director

The Board of Directors of Dimeco, Inc, (OTCQX: DIMC), the parent holding company of The Dime Bank, announced that Mike Peifer has joined the board of directors’ team.

Mike Peifer is a senior advisor with Novak Strategic Advisors, where he provides wide-ranging, strategic solutions to everyday business needs. Additionally, Peifer has represented the 139th district, encompassing parts of Pike and Wayne counties, in the Pennsylvania House of Representatives for eight terms.

Mike Peifer stated, “It is exciting to continue to serve our community as a member of Dimeco’s board of directors. The Dime Bank has a long history and deep roots in our region, and it is an honor to be joining the team. Together, we will strive to uphold the values and traditions that have made The Dime Bank a cornerstone in our region, while also embracing innovation and new opportunities to better serve our customers and shareholders.”

Known for his deep understanding of the state’s intricate fiscal matters, Peifer played a significant role in the Commonwealth budget process and tax code revisions as a member of the House Appropriations Committee and Chairman of the House Finance Committee.

Peifer’s public service extends to local government, having previously held the position of Pike County Treasurer. Before entering politics, he practiced as a certified public accountant and served as a senior tax consultant at Price Waterhouse.

President and Chief Executive Officer Peter Bochnovich stated, “Mike’s background in the private financial sector and as a small business owner, combined with his current advisory role and extensive understanding of state government, provide him with knowledge of various matters and a distinctive viewpoint to augment the breadth of board of directors. Mike’s leadership abilities and talent for consensus-building will fit in nicely with our existing members. We are pleased he has joined our team as we continue to grow while serving our customers and shareholders.”