-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VRYSrRFVChMFLIaeGH4B6AKift9d4yf0ToP0YsrATpCWVsFpxeQI08b1Ps03PVH9 IiiXvF4faDFw1hXXeVuxUw== 0000790183-03-000022.txt : 20030228 0000790183-03-000022.hdr.sgml : 20030228 20030228111600 ACCESSION NUMBER: 0000790183-03-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030224 ITEM INFORMATION: Other events FILED AS OF DATE: 20030228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROGRESS FINANCIAL CORP CENTRAL INDEX KEY: 0000790183 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 232413363 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14815 FILM NUMBER: 03585086 BUSINESS ADDRESS: STREET 1: 4 SENTRY PARKWAY SUITE 200 CITY: BLUE BELL STATE: PA ZIP: 19422-0764 BUSINESS PHONE: 6108258800 MAIL ADDRESS: STREET 1: 4 SENTRY PARKWAY STREET 2: SUITE 200 CITY: BLUE BELL STATE: PA ZIP: 19422-0764 8-K 1 efarnesi-director.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 February 24, 2003 - -------------------------------------------------------------------------------- (Date of earliest event reported) - -------------------------------------------------------------------------------- Progress Financial Corporation - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-14815 25-2413363 - -------------------------------------------------------------------------------- (State of other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identified No.) 4 Sentry Parkway, Suite 200, Blue Bell, Pennsylvania 19422-0764 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (610)-825-8800 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Not Applicable - -------------------------------------------------------------------------------- (Former name,former address and former fiscal year,if changed since last report) Exhibit Index appears on page 4 Item 5. Other Events On February 24, 2003 Progress Financial Corporation announced that Frank A. Farnesi, CPA was named Director of Progress Financial Corporation. For further information see the press release attached as Exhibit 99(a) and incorporated herein by reference. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. PROGRESS FINANCIAL CORPORATION Dated: February 28, 2003 By: /s/ Michael B. High ----------------------------------- Michael B. High Chief Operating Officer and Chief Financial Officer EXHIBIT INDEX Exhibit Number Description 99(a) Press Release distributed February 24, 2003 naming Frank A. Farnesi, CPA as Director of Progress Financial Corporation. Exhibit 99(a) Press Release Naming Frank A. Farnesi, CPA, Director of Progress Financial Corporation FOR IMMEDIATE RELEASE Contacts: February 24, 2003 Michael B. High, COO/CFO 610-941-4804 mhigh@progressbank.com Dorothy Jaworski, Director of Investor Relations 484-322-4822 djaworski@progressbank.com Frank A. Farnesi, CPA Named Director of Progress Financial Corporation Blue Bell, Pa.--Progress Financial Corporation (the "Company" - Nasdaq: PFNC), announced that Frank A. Farnesi has joined the Board of Directors. Farnesi is managing director of Augustine Associates LLC, a private holding company. "We are very fortunate to have recruited Frank Farnesi to our board," said W. Kirk Wycoff, President and CEO of Progress Financial Corporation. "Frank brings to us tremendous knowledge of the critical issues facing businesses today, particularly in the sectors where our activities are focused. As an advisor to start-ups, he is sensitive to the issues facing young companies. Given his extensive professional experience, Frank will be a director who helps us maintain the confidence of shareholders and customers." Farnesi is a retired partner of the international accounting firm KPMG LLP, where he was Partner in Charge of the Pennsylvania Tax Practice. He worked with a wide variety of clients in the banking, real estate and technology fields, and also spent time as National Partner in Charge, Tax Compliance. While with KPMG, Farnesi was active with numerous professional, trade and civic organizations, having leadership roles in many. He currently serves on the advisory boards for several start-up companies in the Philadelphia region. Progress Financial Corporation is a unitary thrift holding company headquartered in Blue Bell, Pa. The business of the Company consists primarily of the operation of Progress Bank, which serves businesses and consumers through twenty full service offices. The Company also offers financial planning services, life insurance, group employee benefits and investments through Progress Financial Resources Inc., headquartered in Philadelphia. In addition, the Company receives fees for financial and operational management consulting services for commercial clients through KMR Management Inc., located in Willow Grove, Pa. The Company's common stock is traded on The Nasdaq Stock Market under the Symbol "PFNC." # # # -----END PRIVACY-ENHANCED MESSAGE-----