2012-02-13 16:58:11 -

OSWEGO, NY -- (Marketwire) -- 02/13/12 -- David A. Ayoub has been elected to the Board of Directors of Pathfinder Bank (NASDAQ: PBHC), according to Janette Resnick, Chairman of the Board.



Mr. Ayoub serves as Partner-in-Charge at Bowers & Company CPAs Tax Department, where he consults on corporate mergers and acquisitions, as well as assists start-up businesses. In addition, he oversees the firm's tax compliance, technical research, planning, and consulting.





"We are very pleased to welcome David to our Board of Directors," said Resnick. "His strong background and knowledge in tax, accounting and finance will provide important skills, leadership and experience to our Board, and complement our strategic initiatives moving forward."



Mr. Ayoub has over 25 years of accounting and taxation experience. He services clients within numerous fields, including construction, real estate, railroad transportation, manufacturing, and service industries.



Mr. Ayoub is a graduate of Rochester Institute of Technology with a BBA in Accounting and is a Certified Public Accountant in New York State. He is also a Member of the American Institute of Certified Public Accountants (AICPA), as well as the New York State Society of Certified Public Accountants (NYSSCPA).



Mr. Ayoub pursues an active role in the community, serving on Boards including the Manlius Village Public Library and Make-A-Wish Foundation. He has also worked previously with the United Way and SCORE.



Pathfinder Bank is a New York State chartered savings bank headquartered in Oswego, whose deposits are insured by the Federal Deposit Insurance Corporation. The Bank has eight full-service offices located in Oswego, Fulton, Mexico, Lacona, Central Square, and Cicero.



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Contact:
Thomas W. Schneider
President and CEO
(315) 343-0057