Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements with Certain Officers.

On July 22, 2009, the Corporation, announced the retirement of Norman L. Keller from the Board of Directors and the Audit Committee. The Board of Directors thanks Mr.Keller for his many years of service and contributions to the Corporation and Bank.

On July 22, 2009, the Corporation appointed H. Paul Lewis to replace Mr. Keller on the Board of Directors. Mr. Lewis is a former Executive Vice President of the Bank and is currently Vice President and sales agent of Bucks County Commercial Realty, Inc. Until his appointment as Director, Mr. Lewis served as an Alternate Director of the Corporation. Mr. Lewis will serve the remaining term of Mr. Keller which expires at the 2012 annual shareholders meeting.

On July 22, 2009, the Corporation appointed Douglas C. Clemens as Alternate Director replacing the vacant Alternate Director position on the Board of Directors. Mr. Clemens is President of Clemens Food Group, a company consisting of multiple functions and brands including: Pleasant Valley Ag Services, Pleasant Valley Logistics, Creta Farms USA, Hatfield Quality Meats, Nick's Sausage, PV Transport, Pleasant Valley Foods and Country View Family Farms.

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