On February 11, 2022, Robert E. Bull announced his retirement from the Boards of Directors of First Keystone Corporation and First Keystone Community Bank, the Corporation's wholly-owned subsidiary, effective April 1, 2022. Mr. Bull was the Chairman of the Board of the Corporation from 1983 to 2017 and of the Bank from 1981 to 2017. He has served as a director of the Corporation since 1983 and of the Bank since 1956.

Upon his retirement, Mr. Bull will be appointed as a Director Emeritus. The retirement was not the result of any disagreement with the Corporation or the Bank on any matter relating to their operations, policies or practices. In connection with the vacancies on the Boards of Directors of the Corporation and Bank created by Mr. Bull's retirement and effective April 1, 2022, the Boards of Directors of the Corporation and Bank have voted to elect Whitney B. Holloway, CPA, MBA, age 41, as a director of the Corporation and Bank.

Ms. Holloway will be a Class B director of the Corporation to serve until the 2022 annual meeting of shareholders. Ms. Holloway currently serves as Business Manager/School Board Secretary for the Millville Area School District a position she has held since 2021. Prior to that from 2011 to 2021, she served as Chief Financial Officer for Community Health Systems – Berwick Hospital Center.

Ms. Holloway's accounting background and experience is expected to make her a valuable contributor to the Boards of Directors. Ms. Holloway is the granddaughter of Robert E. Bull and daughter of Robert A. Bull, Chairman of the Boards of Directors of the Corporation and Bank. Ms. Holloway will serve on the Audit Committee of the Corporation and the ALCO, Loan Administration, and Human Resource Committees of the Bank.