Longtime compliance executive brings deep experience in the complex world of regulatory compliance

Penn Community Bank, Bucks County’s leading independent, mutual financial organization, is pleased to announce that it has hired James M. Nemecek as its new Director of Compliance. Nemecek previously served as the bank’s external compliance consultant.

“We are fortunate that, in addition to his depth of experience in regulatory compliance, Jim already knows the philosophy and the people here at Penn Community Bank,” said President and CEO Jeane M. Coyle. “He understands our compliance systems, procedures and policies and already had developed working relationships with our compliance team members, even before formally joining our team.”

Nemecek brings with him a keen understanding of the complex regulations facing the financial industry today, honed over 35 years in the audit and compliance industry. He started his career in 1981 in the compliance and internal audit division of Doylestown Federal Savings & Loan Association, and then worked as an examiner in the consumer compliance division of the Federal Reserve Bank of Philadelphia.

He has held compliance-related roles at several area financial institutions, including Nazareth National Bank, Republic First Bank and Fox Chase Bank. He most recently served as director of compliance at Accume Partners. At Penn Community Bank, he holds the title of Senior Vice President, Compliance Director.

Nemecek earned a bachelor’s degree from East Stroudsburg University of Pennsylvania and a certificate from the American Bankers Association’s National Compliance School. He lives in Sellersville, Pennsylvania.

About Penn Community Bank: PennCommunityBank.com holds more than $1.8 billion in assets and employs more than 300 people at 22 bank branches and two administrative centers throughout Bucks County, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to support individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.