Kaplan Partners Selected by Maryland Bankers Association

MBA PRESS RELEASE

CONTACT: Mindy Lehman
Senior Vice President of Government Relations & Communications
443-837-1613 | mlehman@mdbankers.com

FOR IMMEDIATE RELEASE: August 24, 2020
Kaplan Partners Selected to Manage the Search for the
Maryland Bankers Association’s President and CEO

The Maryland Bankers Association (MBA) Board of Directors continues to move expeditiously toward
successful completion of the search for the Association’s next President and CEO. The search was
initiated due to the pending departure at the end of August of long-serving CEO Kathleen Murphy, who
will be joining the Massachusetts Bankers Association as its President and CEO.

On July 22, 2020, MBA Chairman Robert E. “B.J.” Goetz, President and CEO of Middletown Valley
Bank, informed the membership of the creation of a Succession Committee to oversee the search process.
At that time, Goetz also pledged to keep the members informed of the Committee’s progress.

Today, the Association is pleased to announce that Maryland Bankers Association member Kaplan
Partners (“Kaplan”) has been selected to assist the Succession Committee on this important initiative.
Philadelphia-based Kaplan Partners has been in business for over 26 years, with an excellent reputation as
an industry-leading boutique executive search and board advisory firm. According to Goetz, “Kaplan’s
deep expertise in the banking industry, strong knowledge of the banking association landscape and track
record of success in placing proven executives in Maryland banks and other state bankers associations
combined to make Kaplan the firm of choice to assist with the Association’s CEO succession process.”

Kaplan Principal Nick DeMedio will be joining the Firm’s Founder and CEO Alan Kaplan as the lead
consultants on the search, working with the Succession Committee and as a point of contact for the deep
candidate pool that has emerged for this key leadership position. Inquiries may be directed to Nick
DeMedio at nick@kaplanpartners.com.

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Founded in 1896, MBA represents community, regional and large nationwide banks and thrifts of all
sizes and charter types which hold $140 billion in deposits in more than 1,400 branches across the
State. Maryland banks employ more than 26,000 professionals who dedicate on average 100 hours of
community service annually. MBA serves member banks as a legislative and regulatory advocate at all
levels of government, as the public relations voice for the industry, as a provider of professional
education to members and a promoter of financial education to the community.

Community Bank Names CEO

August 14, 2020  —  Carmichaels, PA    CB Financial Services, Inc. (NASDAQ: CBFV) and its’ subsidiary Community Bank, announced today that John H. Montgomery has been appointed to serve as President and Chief Executive Officer of the Company and the Bank, effective August 31, 2020.  He succeeds Barron P. McCune, Jr. who has been serving in an interim capacity since early January.

Mr. Montgomery will also serve as a Director of the Company and the Bank. Concurrent with the effectiveness of Mr. Montgomery’s appointment as President and CEO, Mr. McCune will become an Executive Consultant to the Company and the Bank through March 31, 2021, to assist in the leadership transition. Mr. McCune will also become a Director Emeritus of the Bank and the Company.

Mr. Montgomery is an accomplished bank executive with over 30 years of experience, demonstrating excellence in a variety of challenging roles. He most recently served as EVP & Chief Credit Officer, as well as a Director, of Missouri-based First Bank, a $7 billion asset multi-state banking institution.  Mr. Montgomery previously was a senior executive with Susquehanna Bancshares.  He holds an undergraduate degree from Juniata College and an MBA from Drexel University.

Flagstar Bank Names Reginald Davis President of Community Banking

Troy, Michigan, June 9, 2020   —   Flagstar Bank has named Reginald Davis President of Banking. Davis is a 35-year veteran of the banking industry who most recently served as head of business banking, including small business, at SunTrust, now Truist.

Davis brings to Flagstar an extensive background in banking. Besides additional experience at SunTrust as a retail market executive, he also served as president of RBC Bank USA, the domestic banking division of the Royal Bank of Canada, and as a senior executive and member of the operating committee for Wachovia (now Wells Fargo Bank), where he held a number of senior roles with P&L responsibility. He started his banking career at First Union Bank.

At Flagstar, he will be responsible for commercial and industrial, middle market, and warehouse lending. Additional areas of responsibility include consumer finance, equipment finance, homebuilder finance, government banking, treasury management, branch banking and strategic alliances.

“Reggie is a talented, versatile, seasoned banker with a proven track record of putting solutions within reach of customers and getting results,” said Alessandro DiNello, president and CEO of Flagstar. “Community banking is key to diversifying our earnings, and we’re fortunate to have Reggie fill this important position and help us strengthen our community banking and lending.”

Davis comes to Flagstar from the Atlanta area where he is a member of Business Executives for National Security. Previously, he served on the board of the Atlanta Chamber of Commerce. Davis also is a member of the 100 Black Men of Atlanta. In 2005, Black Enterprise Magazine named him one of the 75 most powerful African Americans in corporate America.

Flagstar Bancorp, Inc. (NYSE: FBC) is a $26.8 billion savings and loan holding company headquartered in Troy, Michigan.  Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 87 retail locations in 28 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $225 billion of loans representing nearly 1.1 million borrowers. For more information, please visit flagstar.com.

 

Bankers Cooperative Group Appoints Cooney as New EVP and Imminent President and & CEO

Cranford, NJ, June 3, 2020   —   Bankers Cooperative Group, Inc. (BCG), an affiliated company of the New Jersey Bankers Association (NJBankers), announced the appointment of Matthew W. Cooney as its new executive vice president and imminent president & CEO. Cooney has a broad background with expertise in sales and business development, account management, customer service and operations. His professional experience includes positions at Flexible Benefits Plans, Inc., Allstate Benefits, Independence Blue Cross, AmeriHealth Administrators and Kistler Tiffany Benefits. He also served two terms as president of the Greater Philadelphia National Association of Underwriters. Cooney is a licensed life & health insurance producer in all fifty states.

In his initial role as executive vice president he will be primarily responsible for identifying and developing new marketing strategies to grow and maintain persistency of BCG’s book of business. He will also manage key client relationships and internal operations as he shadows retiring president & CEO Richard Siderko for the remainder of 2020. He will assume the president & CEO position as of January 1, 2021.

Siderko, exiting after thirty-eight years of service has been quoted as saying, “Matt has well thought out strategies for growing BCG which will play extremely well within NJBankers Membership and advance BCG for years to come”. BCG Chairman and NJBankers President & CEO John McWeeney, Jr. added “Matt’s industry connections, experience and passion will have great upside for us going forward”.

 

Howard Bank Names CFO

June 2, 2020, Baltimore, MD  —  The board of Baltimore-based Howard Bancorp Inc. appointed Robert Carpenter Jr. permanent CFO and principal accounting officer, effective May 27. Carpenter took over these roles on an interim basis in February. He was the CFO for Maryland Financial Bank from February 2018 to July 2019.

Carpenter has extensive financial officer experience in the banking industry, including with Damascus Community Bank and Bay Bank FSB.  His early industry experience was with several large regional banks in the Maryland market. Carpenter began his career with KPMG in Baltimore and is a Certified Public Accountant.

Howard Bancorp, Inc. is the parent company of Howard Bank, a Maryland-chartered trust company operating as a commercial bank. Headquartered in Baltimore City, Maryland, Howard Bank operates a general commercial banking business through its 15 branches located throughout the Greater Baltimore Metropolitan Area. Additional information about Howard Bancorp, Inc. and Howard Bank are available on its website at www.howardbank.com.

Ana Dutra and Michel Smith Join First Internet Bancorp Board

May 18, 2020, Indianapolis, IN   —-  On May 18, 2020, shareholders of First Internet Bancorp (NASDAQ: INBK) elected Ana Dutra and Michael L. Smith as new independent members to the Board of Directors to serve one-year terms expiring at the 2021 annual meeting of shareholders.

Ana Dutra founded Mandala Global Advisors, Inc. in 2013, and currently serves as its CEO.  Mandala is a provider of advisory services to boards and management to accelerate business growth through innovation, globalization, M&A, and turnaround strategies.  She previously served as CEO of The Executives’ Club of Chicago, a world-class senior executives organization focused on the development, innovation and networking of current and future business and community leaders, from 2014 until her retirement in September 2018. Prior to that she was a Proxy Officer and Chief Executive Officer of Korn/Ferry Consulting from 2007 until 2013.

Dutra has served as a member of the board of directors of CME Group Inc. (Nasdaq: CME) since January 2015, Eletrobras (NYSE: EBR) since January 2019, and Health, Harvest & Recreation, Inc. (NCSX:HARV) since 2014. She is also a member of the boards of directors of Elkay Manufacturing Company, M. Holland Company, Lifespace Communities, Inc., Greeley and Hansen LLC, Latino Corporate Directors Association, and Blessings-in-a-Backpack.

Michael L. Smith was the Executive Vice President and Chief Financial Officer of Anthem, Inc. and its subsidiaries, Anthem Blue Cross and Blue Shield, from 1999 until his retirement in 2005. Prior to that, he served as Chief Operating Officer of American Health Network, a subsidiary of Anthem. Prior to joining Anthem in 1996, Mr. Smith was Chairman, President and Chief Executive Officer of Mayflower Group, Inc. from 1989 to 1995, and he held various other management positions with Mayflower from 1974 to 1989.

Smith was previously a director of the following public companies: Vectren Corporation (which was acquired by CenterPoint Energy, Inc. in 2019), Envision Healthcare Holdings, Inc. (which was acquired by Enterprise Parent Holdings Inc. in 2018), hhgregg Inc., Calumet Specialty Products Partners, L.P., InterMune, Inc., First Indiana Corporation (which was acquired by Marshall & Ilsley Corporation in 2008), Brightpoint, Inc. (which was acquired by Ingram Micro, Inc. in 2012) and Kite Realty Group Trust. Mr. Smith currently serves on the boards of LDI Ltd., LLC, Carestream Health Services, Inc., Agilon, Inc. and Drive Medical, which are private companies.

First Internet Bancorp is a bank holding company with assets of $4.2 billion as of March 31, 2020. The Company’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. The Bank provides consumer and small business deposit, consumer loan, residential mortgage, and specialty finance services nationally as well as commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services in select geographies.

Provident Bank Promotes Walt Sierotko to EVP & CLO

April 16, 2020 —- Provident Bank, a leading New Jersey-based financial institution,  announced today that Walter Sierotko of Pequannock, N.J., has been promoted to Executive Vice President and Chief Lending Officer.  Mr. Sierotko is based in the Bank’s Iselin, N.J. administrative headquarters.

Mr. Sierotko will now be responsible for the strategic direction of the commercial lending function of the Bank, and overseeing the management and development of all of the Bank’s commercial lending lines of business.  In addition, as a member of the Bank’s Executive Management Team, he will work closely with senior leaders to focus on the strategic growth of lending and deposit relationships.

“I’m confident in Walt’s ability to strengthen and lead our overall commercial lending efforts.  Since joining Provident in November 2015, his leadership has contributed to the steady growth and profitability of the Bank’s commercial real estate lending portfolio,” said Chris Martin, Chairman, President and CEO.  “Walt’s expertise and commitment to our lending strategy firmly positions us for the continued growth of our commercial lending business,” added Martin.

Mr. Sierotko has more than 30 years’ banking experience in commercial real estate lending and credit administration.  He previously served as Executive Vice President, Director of Real Estate Lending for Provident.  Mr. Sierotko has also held senior leadership positions with Bank of New York, HSBC, and Wells Fargo.  He earned a Bachelor of Arts in Economics from the University of Maryland.  Mr. Sierotko is a member of NAIOP and serves on the board of the Boys and Girls Clubs of Northwest New Jersey.

About Provident Bank

Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $9.81 billion as of December 31, 2019. With $7.10 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey and eastern Pennsylvania. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company.  For more information about Provident Bank, visit www.provident.bank.com.

 

Provident Bank Names New CHRO

Iselin, NJ, March 19, 2020 — Provident Bank, a leading New Jersey-based financial institution, announced today that Carolyn Powell of Mendham, N.J. has joined the bank as Executive Vice President & Chief Human Resources Officer.  Ms. Powell will be based in the bank’s Iselin, N.J. administrative headquarters.  Ms. Powell will be responsible for the organization’s overall HR strategy, including talent acquisition and development, compensation and benefits, employee relations, and HR technology.  As a member of the Executive Management Team, she will help build an engaged, inclusive, and high-performing culture, and will focus on developing and refining the bank’s diversity and inclusion strategy.

“I am pleased to welcome Carolyn to Provident.  She understands dynamic and diverse organizations and knows what it takes to build a best-in-class organizational culture,” said John Kuntz, Senior Executive Vice President, Chief Administrative Officer.  “Her expertise in establishing and transforming human resources functions will be a welcome addition as we look to attract, engage, and develop top talent,” added Kuntz.

Ms. Powell brings more than 25 years of experience in human resources and organizational strategy to the bank.  Most recently, she served as Vice President, Human Resources, with Conduent, a leading business services and solutions company with 65,000 employees worldwide.  Ms. Powell has also held senior leadership roles with Horizon Blue Cross Blue Shield of N.J., Dun & Bradstreet, and ADP.

Ms. Powell holds a Bachelor of Arts in English from Boston University.  She is active in the HR community and is a Certified Executive Coach and Certified Sales Leadership Performance Coach.  Ms. Powell also holds a certification as a Human Capital Strategist from the Human Capital Institute, and a Human Resources Certification from Fairleigh Dickinson University.  In addition, she is a certified Senior Professional in Human Resources (SPHR).

About Provident Bank

Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $9.81 billion as of December 31, 2019. With $7.10 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey and eastern Pennsylvania. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company.  For more information about Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).

 

 

New Chief Banking Officer at Bankwell

March 11, 2020   New Canaan, CT  —  Matthew J. McNeill has been appointed to Executive Vice President, Chief Banking Officer at Bankwell, announced Christopher R. Gruseke, President and CEO of Bankwell and its parent company, Bankwell Financial Group. In his new capacity, Mr. McNeill will join Bankwell’s Executive Team and report to Mr. Gruseke.

Mr. McNeill was most recently Head of Commercial Lending at Metropolitan Commercial Bank in New York where he was responsible for managing all aspects of commercial banking for a $3.2 Billion commercial bank; including commercial lending, cash management, commercial deposits and consumer lending.   During his 20 year banking career, he previously served as Senior Commercial Relationship Manager at HSBC, a Business Banker at Santander and a Managing Partner at American Real Estate Lending.

As Chief Banking Officer, Mr. McNeill will oversee Bankwell’s C&I Lending Business, Commercial Real Estate Lending Business, Small Business Lending, Treasury Management and Business Development teams.

Mr. Gruseke stated, “We are excited to welcome Matt to the Bankwell management team. A proven winner, Matt has demonstrated his ability to build successful lending teams and to deepen customer relationships. Bankwell’s addition of Matt as Chief Banking Officer represents a critical step toward achieving our strategic goal of becoming a more commercially-focused community bank.”

“I’m thrilled to join such a dynamic and accomplished Bankwell team. I look forward to becoming part of the company’s continued success,” said Mr. McNeill.

Mr. McNeill resides in New Canaan, CT with his wife and son. He is a member of NYS Society of CPAs, where he serves as a member of the Real Estate, Banking and Healthcare Committee.

Bankwell is a community bank that serves the banking and lending needs of businesses and residents throughout Connecticut. More about Bankwell can be found at www.mybankwell.com.

 

1st Colonial Bancorp Appoints Bob White as CEO

Collingswood, N.J. — January 29, 2020 — The Boards of Directors of 1st Colonial Bancorp, Inc. (OTC: FCOB) and its subsidiary, 1st Colonial Community Bank, today announced that they have appointed Robert B. White as the president and chief executive officer of both the holding company and the bank, effective February 3, 2020. He succeeds Gerard M. Banmiller, the current president and chief executive officer of both companies, who is retiring. Mr. White brings 30 years of experience in banking and financial services with him to 1st Colonial.

Most recently, White served as the Executive Vice President and Chief Risk Officer for Customers Bank, a commercial bank headquartered in Wyomissing, Pennsylvania with over $11 billion in assets. While at Customers Bank, he oversaw all risk management functions, including compliance, credit/loan review, and third-party risk management, for a rapidly growing and profitable community bank. He was also president of the Bank’s Special Assets Group, which managed and substantially reduced the Bank’s non-performing assets. For several years he also served as the Bank’s Director of Corporate Development in charge of the Bank’s acquisitions and strategic partnerships.

Chairman Linda Rohrer commented, “We are very pleased that Bob White has agreed to become our new CEO. We looked at many candidates, and believe that he is the one best suited to lead 1st Colonial into this new chapter for our bank. He is a results-driven banker with a strong credit background. Also, his extensive risk management experience will be invaluable to our Board. We thank Gerry Banmiller very much for all his leadership and guidance over these last 20 years, and we wish him all the best in his retirement.”

The Board of Directors of 1st Colonial Bancorp also announced that it has declared a five percent (5%) stock dividend to the company’s shareholders. The dividend will be distributed on all issued and outstanding shares held of record as of April 1, 2020 and will be payable on April 15, 2020. Accordingly, each shareholder as of the record date will receive one share of common stock for every 20 shares of common stock that they own on that date, plus an additional share in lieu of any fractional share payable to the shareholder.

1st Colonial Community Bank, the subsidiary of 1st Colonial Bancorp, provides a range of business and consumer financial services, placing emphasis on customer service and access to decision makers. Headquartered in Collingswood, New Jersey, the Bank also has a branch in the New Jersey community of Westville and administrative offices in Cherry Hill, New Jersey. To learn more, call (856) 858-8402 or visit www.1stcolonial.com.