News & Events

Springfield, Pennsylvania (March 3, 2025) – As part of its ongoing Management Succession Plan, the Board of Trustees of Sharon Bank (“the Bank’) and its affiliated corporate entities announced that Joseph R. Corrato has retired from his positions as President/Chief Executive Officer, as well as from the Boards of each entity. The Bank also announced that William J. Mattern, Executive Vice President/Chief Lending Officer has been elected to succeed Mr. Corrato as the Bank and its affiliated entities’ new President/CEO, as well as to the Boards of each entity.

 

Mr. Corrato has served as President and Chief Executive Officer since 2017 and has been employed in the banking industry for more than 46 years. Mr. Frank S. DePaolo, Chairman of the Board, stated; “On behalf of the entire Board, I would like to thank Joe for his service to the Bank over the past 8 years.”

 

Mr. Corrato stated; “I would like to thank Chairman DePaolo and the entire Board of Trustees for the opportunity to serve as Sharon Bank’s President and CEO. It has been an honor and a privilege to lead the Bank and its fine team of Officers and employees through dramatic changes over the past 8 years, and to greatly enhance its market presence and involvement in the communities in which it serves. I would also like to thank Bill Mattern, with whom I have worked very closely since he joined the Bank in 2018. Bill has been key to the transformation of the Bank from a traditional residential lender to a formidable competitor in the local commercial lending arena. Bill has shown unwavering devotion to the Bank from his very first day at Sharon and I wish him much success in his new role as President/CEO.”

 

Mr. Mattern stated; “I want to thank Joe for his leadership during his time at Sharon Bank. I would also like to personally thank him for providing me with the opportunity to lead the Lending Division for the past seven years. Over that time, we have worked together to transform Sharon Bank into an institution that offers a broad array of state-of-the-art consumer and commercial lending products and first-class service in our branches. I am proud to stand on the foundation we have built together and to lead Sharon Bank into a bright future. I am thankful for the confidence that the Board of Trustees has placed in me to succeed Joe as President and CEO of Sharon Bank.”

 

Sharon Mutual Holding Company, Inc. and Sharon Bancorp, Inc. are the holding companies for Sharon Bank. Sharon Bank is a Pennsylvania-chartered, FDIC-insured savings bank that was originally organized in 1873. The Bank conducts business from its headquarters and main office in Springfield, Pennsylvania as well as five full-service branch offices, four of which are in Delaware County and one in Philadelphia County.