STEELE BANCORP Business Summary

Steele Bancorp Inc. (STLE) operates as the bank holding company for Central Penn Bank & Trust, generating revenue primarily through net interest income from a diverse loan portfolio—including commercial, mortgage, residential real estate, and consumer financing—and non-interest income from deposit services, merchant processing, and wealth management. The company’s primary business segments are categorized into Commercial Banking, Consumer Banking, and Investment Services, the latter of which provides brokerage, retirement planning, and insurance products. Following its strategic August 2025 merger with Northumberland Bancorp, the firm significantly expanded its footprint in Central Pennsylvania, reaching approximately $1.34 billion in total assets. Steele Bancorp competes directly with regional peers such as Century Next Financial (CTUY), Mountain Pacific Bancorp (MPCB), and Coastal Carolina Bancshares (CCNB), positioning itself as a dominant community-focused financial institution in the Centre, Northumberland, Snyder, and Union county markets. The company, founded in 1872, is led by President and CEO Jeffrey J. Kapsar, a veteran with over 30 years of financial services experience who has steered the organization through its recent transformative expansion. The executive leadership team includes Senior Executive Vice President and CFO Thomas C. Graver, Jr., and Senior Executive Vice President and Chief Administrative Officer J. Todd Troxell, the former CEO of Northumberland Bancorp who joined the team post-merger. Oversight is provided by a board chaired by J. Donald Steele, with Richard Drzewiecki serving as the Chairman of the Board of Directors. Notable board members include Amanda G. Kesler and Chad M. Geise, who bring specialized expertise in audit and compensation. The company’s recent "merger of equals" has consolidated its leadership pedigree, integrating seasoned executives from both legacy institutions to drive its 2026 growth strategy.