Diane M. Turner, president and CEO of First Shore Federal Savings & Loan Association (First Shore) recently announced the promotion of Richard A. Ashley, controller, to the office of vice president and chief financial officer, effective Jan. 3. Ashley joined First Shore in 2018. He holds a bachelor’s degree in business administration from Towson University and a bachelor’s degree in accounting from Salisbury University’s Perdue School of Business. Ashley has held the designation of certified public accountant (CPA) since 2016.

“It is my honor and privilege to promote Mr. Ashley. His knowledge of the association’s financial systems has proven essential to operations, and the value First Shore places on quality products and service; we firmly believe that is a fundamental part of being a community bank.”

Turner also announced that Kristen Pilchard would assume the role of controller, effective immediately. Pilchard joined First Shore in August 2021 as assistant controller. She brings an extensive background in tax, finance and accounting experience. She holds a bachelor’s degree in accounting and a bachelor’s degree in finance from Salisbury University’s Perdue School of Business. Pilchard has held the designation of CPA since 2015.

“Appointments to these key roles reflect First Shore’s standard of high performance and exceptional results for our employees and customers,” said Turner.