Bio

Mr. Parente started his career in public accounting. Between 1962 and 1970 Mr. Parente worked for Haskins & Sells. Mr. Parente was the founder and CEO of Parente, Randolph, PC, one of the largest independent CPA firm in the US, from 1970 through 1987. He then became President and CEO of C-Tec Corporation, a diversified publicly held telecommunications company. He remained with C-Tec until late 1993 when the company was sold to Level 3 Communications for $450 million. After leaving C-Tec Corporation, Mr. Parente invested for himself full-time. Currently, Mr. Parente is a major shareholder and CEO of Pagnotti Enterprises, a conglomerate in the insurance, mining and real estate businesses. He is also an officer and investor in Sordoni Construction Services and its affiliated businesses which include commercial construction and real estate development. Additionally, Mr. Parente serves as a Director on the Boards of Bertels Can Co., Circle Bolt & Nut Co., W.P. Carey & Co., LLC (NYSE: WPC) and Community Bank Systems (NYSE: CBU). Throughout his career, Mr. Parente has been involved in community and charitable organizations. Mr. Parente is a member of the Board of Directors of King's College and served as Chairman from 1988 through 1997. He served on the Board of Directors of Wyoming Valley Health Care System and was its Chairman from 2001 through 2004. He also served on the Board of Trustees of Wyoming Seminary, United Way, Salvation Army and several other charitable organizations throughout his career. Mr. Parente graduated from King's College, Cum Laude and is a certified public accountant since 1963.