Date: 07.07.16

Cetera Financial Institutions and West Milton State Bank Welcome James Shaffer to West Milton’s Wealth Management Program

Top-Producing Veteran Advisor to Spearhead Program’s Expansion and Recommences Close Working Relationship with Cetera Financial Institutions

St. Cloud, MN – Cetera Financial Institutions, a member of Cetera Financial Group® *, a leading network of independent broker-dealer firms, today announced that 16-year veteran and top-producing financial advisor James Shaffer has joined West Milton State Bank to spearhead the expansion of its wealth management program, Susquehanna Financial Solutions (“Susquehanna”). Shaffer will focus on bringing new services and clients to Susquehanna, and will help expand its geographic reach. West Milton State Bank currently has one other financial advisor and a total of $51 million of investment assets under management.

Headquarterd in West Milton, Pennsylvania, West Milton State Bank has six branches throughout Pennsylvania, and over $320 million in depository assets. Among community banks with less than $2 billion in assets, West Milton recently ranked 14th in the nation in terms of its three-year average return on equity.

With Shaffer’s transition, West Milton will also transfer its broker-dealer affiliation to Cetera Financial Institutions, with which Shaffer had cultivated a long and successful working relationship while at a prior financial institution. Cetera Financial Institutions is the broker-dealer within the Cetera group exclusively focused on servicing the investment programs of banks and credit unions.

Catherine Bonneau, Chief Executive Officer of Cetera Financial Institutions, said, “We are very pleased to welcome West Milton State Bank to our roster of bank and credit union clients, and to continue working with Jim Shaffer at his new professional home. We look forward to helping him and West Milton expand their wealth management program and are eager to provide our wide range of bank-focused resources, tools and services toward enhancing their client services and client reach.”

David S. Runk, President and Chief Executive Officer of West Milton State Bank, said, “We are delighted to welcome Jim Shaffer to West Milton State Bank and to our wealth management team led by Jill Shambach. Jim is a highly regarded financial advisor with a long standing in our local communities. We are confident he will be a tremendous addition to West Milton State Bank as we seek to fulfill the market-leading potential of our wealth management services and expand our regional presence. We are also pleased to join Cetera Financial Insitutions and benefit from their tools and resources specifically focused on the needs of bank-based wealth management programs and their banking customers.”

About Cetera Financial Institutions

Cetera Financial Institutions is a marketing name of Cetera Investment Services LLC, a self-clearing registered broker-dealer that delivers customized investment and insurance solutions to financial institutions nationwide. Cetera Financial Institutions helps institutions expand their financial offerings, which allows clients to pursue their financial goals through a holistic approach while delivering sound and strong financial solutions. Through Cetera Investment Advisers LLC, an SEC registered investment adviser firm, financial advisors receive a wide array of solutions and back-office support, so that they can focus on their clients.

Cetera Financial Institutions and Cetera Investment Advisers LLC are members of Cetera Financial Group, which provides leading wealth management and advisory platforms and innovative technology to financial advisors and financial institutions nationwide. Cetera Financial Institutions is a member of the Depository Trust and Clearing Corporation (DTCC), the Securities Investor Protection Corporation (SIPC), and the Financial Industry Regulatory Authority (FINRA). For more information, see www.ceterafinancialinstitutions.com.

About Cetera Financial Group

Cetera Financial Group ("Cetera") is a leading network of independent retail broker-dealers empowering the delivery of objective financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera is the second-largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions.

Through its multiple distinct firms, Cetera offers independent and institutions-based advisors the benefits of a large, established broker-dealer and registered investment adviser, while serving advisors and institutions in a way that is customized to their needs and aspirations. Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support and innovative technology. For more information, visit www.ceterafinancialgroup.com.

* "Cetera Financial Group" refers to the network of retail independent broker-dealers encompassing, among others, Cetera Advisors, Cetera Advisor Networks, Cetera Financial Institutions, Cetera Financial Specialists, First Allied Securities, Girard Securities, The Legend Group and Summit Brokerage Services.

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