McKonly & Asbury to Open New Lancaster Office

June 17, 2005

CONTACT:
Jim Rodgers
Public Relations Director
Phone: 717-761-7910
Fax: 717-761-7944
jrodgers@macpas.com

CAMP HILL, PA – McKonly & Asbury, LLP, a regional accounting and consulting firm, announces plans for expansion in Lancaster on August 1st of 2005. The firm will open new office space in the Greenfield Corporate Center at 1857 William Penn Way (pictured below). This marks a significant expansion over the firm's current Lancaster office location, which is a satellite work area for staff serving clients in Lancaster County.

"Lancaster County has been a key geographic location for our firm since our founding over thirty years ago. We view the Lancaster community as a key growth area for our firm in the near and long term future," said Terry Harris, Managing Partner. "More than 25% of our client work is conducted in Lancaster already, representing many of the firm's largest clients in virtually all of the major industries we serve. In order to continue to serve our clients well, we feel the time is right for a fully-staffed office in the Lancaster market."

Far from being a newcomer to the Lancaster marketplace, McKonly & Asbury LLP provides services to some of the areas most recognizable businesses, nonprofits, and governmental entities. From the downtown Lancaster city to the farmland of Southern Lancaster County, McKonly & Asbury LLP has long been an advisor of choice to Lancaster-based organizations. The firm provides Sarbanes-Oxley & other consulting services, audit & accounting services, and tax planning and consulting services to many of Lancaster's well-known organizations. Some Lancaster County clients of the firm include Donegal Mutual Insurance Company, D&E Communications, Frey Brothers, Inc. (makers of Twin Oaks Mulch), the City of Lancaster, and Housing Development Corporation of Lancaster County. As a sponsor of the Elizabethtown College Family Business Center, McKonly & Asbury provides support, training, and education to many other Lancaster-based family-owned businesses.

"Our clients in Lancaster County are leaders in their industry. We feel that we can serve them best by locating a dedicated, staffed office along side them to better serve all sectors of the Lancaster economy," said Terry Harris.

The expansion in the Lancaster marketplace also serves as a return to the roots of the firm. Founding Partners, Henry McKonly (who was raised in Columbia) and Clarence Asbury (who grew up on a farm in Southern Lancaster County) are both natives of Lancaster County. "The leadership of our firm over our first thirty years in business imparted a work ethic and dedication to client service into our culture that is such a calling card of the Lancaster community. Henry and Clarence's leadership by example is a testament to the spirit of Lancaster County's culture. Expanding our focus in Lancaster is a perfect fit for our firm's culture," said Harris.

The firm's Lancaster office will initially be staffed by current employees of the firm who reside in Lancaster County. It will also be a focal point for the firm's continuing growth and recruitment of new staff. In the past five years, the firm has doubled in size from 35 employees to more than 70. Kurt Trimarchi, Director of Tax Services, himself a resident of Lititz, will be the firm's Partner-in-Charge of the Lancaster Office. "We're very excited to be opening this new office. We view ourselves as part of the Lancaster community, and feel that this office further illustrates our commitment to Lancaster-based organizations. This new presence will strengthen our local presence across the entire Central Pennsylvania region."

McKonly & Asbury's success to date has been a team effort, one which will continue in the new multi-office environment. The firm will integrate the two offices with a substantial technological upgrade that will keep McKonly & Asbury on the leading edge of business technology. A new voice-over-Internet-Protocol (VOIP) system will allow team members in both firms to communicate internally as if they were still in the same building. The firm's Director of First Impressions, Michele Breon, will continue to answer and direct in-coming contact for both offices. The technology expansion is being conducted by the firm's internal IT group with assistance from Intellimark.

"We're expanding to two physical office locations, but we will continue to function as one team, serving all of our clients. Technology can help us offer the same collaborative approach that our clients have come to expect from our firm. We are one firm, now with two staffed offices. The same team, the same high-standard of service, the same quality of deliverables will be in place at both staffed locations," said Harris. "What we gain is a closer locality to many of our key clients, a better connection to the Lancaster community, and the ability to recruit and retain key members who want to serve their clients closer to home. Our investment in technology will help us to accomplish these goals, and illustrates our commitment to better serving all of our clients."

As with its current Lancaster location and its Camp Hill headquarters, McKonly & Asbury will share its Greenfield Corporate Center office with Anchor Financial Group. Anchor and M&A formed a partnership over four years ago to provide financial advisory services. McKonly & Asbury LLP owns a sizeable stake in Anchor Financial Group, a provider of insurance and investment advisory services to individuals and businesses. Don Yost, President of Anchor Financial Group said, "Our new Lancaster location will not only improve Anchor's ability to serve our many Lancaster clients, but further showcase our integrated approach to providing financial services to clients in partnership with McKonly & Asbury." Like M&A, Anchor Financial Group also provides a significant portion of its service to clients in Lancaster. For many years, Anchor provided retirement planning education to companies, such as Case New Holland and High Industries, Inc., and counts many employees and retirees of these companies as clients.

Opening of the new office is slated for August 1st, following build-out and technological upgrades to the second floor office suite at 1857 William Penn Way. "We are genuinely excited to have McKonly & Asbury locating its new Lancaster office in Greenfield Corporate Center. With McKonly & Asbury's reputation as one of the premier accounting and consulting firms in the region, their presence here will add value to the Lancaster business community," said Mark C. Fitzgerald, President of High Associates, LTD. which manages the Greenfield Corporate Center. Other tenants of the office building, located next to the headquarters of High Industries, include a law firm and an engineering firm. McKonly & Asbury plans a fall open-house to showcase its new location to clients, friends of the firm, and the wider business community.

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About McKonly & Asbury LLP

McKonly & Asbury, LLP (www.macpas.com) offers quality professional services to Pennsylvania 's public and private organizations, small to large multi-state facilities. With a commitment to a client-first approach and advanced technological systems, the firm provides: Audit and Accounting Services, Tax Advisory and Compliance Services, Business Operations Outsourcing and Co-sourcing Services, as well as specialized services such as Sarbanes-Oxley Section 404 consulting, Business Valuation and Succession Planning Services, Management Consulting Services, Business Technology Consulting Services, and Human Resources Services. Financial Advisory Services are offered through its affiliation with Anchor Financial Group.

The firm's industry-specific solutions meet the intricate needs of clients, providing: Real Estate, Construction, Affordable Housing, Manufacturing, Non-Profit, and State and Local Government Services. Founded in 1973 on the highest ethical principles, the firm continues to offer comprehensive solutions for proven success. Supporting the community, strengthening local businesses, and putting people first; McKonly & Asbury… Solutions for Your Success.

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