Allen F. Grum, became a director in 1996. He has served as President and Chief Executive Officer since January 1996. Prior to becoming President, Mr. Grum was employed in the banking and mortgage banking industries. Mr. Grum serves on a number of boards of directors of companies in which the Corporation has an investment.
Erland E. Kailbourne, became a director in April 1999. Since January 2006, Mr. Kailbourne has been Chairman of Financial Institutions, Inc. and its subsidiary Five Star Bank. From May 2002 until March 2003, Mr. Kailbourne was Chairman and Interim CEO of Adelphia Communications. Prior thereto, he was Chairman and Chief Executive Officer of Fleet National Bank, New York Region and Chairman and Chief Executive Officer of Security Norstar Bank. He is a Director of the New York ISO, The John R. Oishei Foundation, Albany International Corporation, Allegany Co-op Insurance Company, USA Niagara Development Corp., the Farash Corporation and the Max and Marian Farash Foundation.
Ross B. Kenzie, became a director in 1996. Mr. Kenzie has been retired since 1989. Prior thereto, he was the Chairman of the Board and Chief Executive Officer of Goldome Bank, a savings bank, since 1980.
Willis S. McLeese, became a director in 1986. Mr. McLeese has been Chairman of Colmac Holdings Limited, Toronto, Canada, which develops, owns and operates cogeneration and alternative energy electric power generating plants.
Reginald B. Newman II, became a director in 1987. Mr. Newman has been Chairman of the Board since 1996. Mr. Newman is the Chairman of Prior Aviation Services, Inc., the fixed-base operator at Buffalo Niagara International Airport, Buffalo, NY. Mr. Newman is also a Director of M&T Bank Corporation, Dunn Tire LLC and Taylor Devices, Inc. and also serves as Trustee and Chairman of the University at Buffalo Foundation, Inc.
Jayne K. Rand, became a director in 1989. Since 1993, Miss Rand has been a Vice President of M&T Bank Corporation.
Robert M. Zak, became a director in 2005. Since 1995, Mr. Zak has been President and Chief Executive Officer of Merchants Mutual Insurance Company, which operates under the trade name Merchants Insurance Group. Mr. Zak joined Merchants in 1985. Prior thereto, his career was in public accounting.
