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.

KAPLAN PARTNERS ANNOUNCES NICHOLAS DEMEDIO JOINS AS PRINCIPAL

 

Wynnewood, PA – January 22, 2020 – Kaplan Partners, a leading boutique executive search and talent advisory firm, today announced Nicholas DeMedio (“Nick”) joining the firm as a Principal. With more than 20 years of Executive Search, Talent Management and Human Resources experience, Nick comes from Mosteller & Associates where he oversaw the financial services executive search practice for the regional Human Resources consulting firm. In this role, Nick led a number of Chief Executive Officer and C-Level searches, working directly with Boards of Directors and Executive Management teams in all facets of senior level recruiting, executive compensation and talent consulting.

Nick previously served as a senior executive at Royal Bank America, a publicly traded community bank based in suburban Philadelphia. In this key leadership role, Nick managed both strategic and hands-on initiatives of the human resources department, including executive recruiting, the design and administration of both executive and staff compensation and benefits infrastructure, executive on-boarding, talent management and succession planning.

“We are thrilled to welcome Nick to the Kaplan Partners team,” said Alan J. Kaplan, founder and CEO of Kaplan Partners. “His experience lends itself well to the firm’s high standards for advising CEOs and boards on leadership succession, corporate governance, talent management, and enhancing diversity. Nick’s combination of experiences as both a trusted advisor and human resources leader will significantly benefit our clients.”

Nick holds a Bachelor of Business of Administration with a concentration in Human Resources Management from Temple University, as well as the Senior Professional of Human Resources (“SPHR”) certification from the Society of Human Resources Management.

ABOUT KAPLAN PARTNERS
For 25 years, Kaplan Partners has served as strategic human capital advisors specializing in Executive Search, Board Advisory Services, and Management Assessment and Succession Planning for the nation’s leading institutions, including: regional and community banks, asset management firms, private equity and venture capital firms, FinTech firms, mortgage and insurance companies, credit unions, technology companies and high growth organizations. Kaplan Partners employs a holistic approach and proven methodology to find the best solutions in support of evolving client leadership needs. The firm works directly with CEOs, boards, and investors to identify and evaluate leadership potential, leveraging best practices in corporate governance and succession management to ensure its clients’ continued success in today’s demanding markets. Visit here: www.kaplanpartners.com.

 

 

Community Bank System, Inc. Appoints Kerrie D. MacPherson as New Independent Director

November 20, 2019    Syracuse, NY  —  Community Bank System, Inc. (NYSE: CBU) today announced that its Board of Directors has appointed Kerrie D. MacPherson, FCPA, FCA, as a new independent director. Ms. MacPherson previously served as a senior partner of Ernst & Young, LLP (“EY”) where she started as an auditor and served in leadership roles in transaction advisory services in EY’s New York office, working with clients across a broad array of industries over 32 years and developing extensive experience in the financial services sector.

Ms. MacPherson’s appointment expands the Company’s Board to 12 Directors, 11 of whom are independent. Ms. MacPherson was also appointed to the Board of Directors of Community Bank, N.A., the Company’s wholly-owned banking subsidiary. The Board has determined that Ms. MacPherson is a qualified financial expert and will serve on the Board’s Audit and Compliance Committee and the Risk Committee.

“We are pleased to welcome Kerrie MacPherson as a new independent director to the Board of Directors of Community Bank System, Inc. and Community Bank, N.A.,” said Sally A. Steele, Chair of the Board of Directors. “Kerrie’s expertise in audit, banking, financial advisory services, sales, marketing, and mergers and acquisitions will be an asset to the Board and we are confident that she will provide a valuable perspective to our discussions. Her appointment reflects a thoughtful and deliberate process to refresh our Board as we seek to ensure that we have an appropriate level of expertise, background, and perspective to provide effective governance oversight of the Company and its subsidiaries.”

Mark Tryniski, President and Chief Executive Officer, stated “We’re thrilled to be adding Kerrie to our Board of Directors. She brings tremendous financial industry experience to our boardroom and, together with her transaction expertise, will be of great value to our efforts to continue delivering exceptional returns to our shareholders.”

Ms. MacPherson joined EY in 1986 as an auditor in their Toronto office and first moved to their New York office in 1992 where she worked on a national financial services team focused on regulatory developments. Over her career, she served in various leadership roles in mergers and acquisitions, advisory services, and marketing where she developed extensive experience with banking and financial advisory services. In 2002, she joined the Americas Financial Services Office of EY where she focused on due diligence and post-merger integration services in the financial services sector. Her advisory role continued with evolving leadership and oversight roles, and she served as Global Client Service Partner to several of the firm’s largest global accounts including clients in the financial services sector, until her retirement from EY in 2018. In 2017, Ms. MacPherson was selected as a Fellow of the Chartered Professional Accountants of Ontario, the highest distinction conferred by the organization. She also received Consulting Magazine’s Women in Leaders in Consulting, 2015 Excellence in Leadership Award, and the National Association for Female Executives’ 2014 Corporate Women’s Champion Award.

Ms. MacPherson serves on the Board of Directors of New York City Harvest, a non-profit focused on feeding the hungry in New York City. She also serves as Co-Chair of City Harvest’s Governance Committee and as a member of its Executive Committee and formerly chaired the Audit Committee. She is a graduate of the University of Toronto with a Bachelors of Commerce (Honours) and Master of Business Administration (Rotman School), and currently serves on the Dean’s Advisory Board and Global Advancement Board for the Rotman School.

About Community Bank System, Inc.

Community Bank System, Inc. operates over 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of approximately $11.5 billion, the DeWitt, N.Y. headquartered company is among the country’s 150 largest financial institutions. In addition to a full range of retail, business, and municipal banking services, the Company offers comprehensive financial planning, insurance and wealth management services through its Community Bank Wealth Management Group and OneGroup NY, Inc. operating subsidiaries. The Company’s Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration and actuarial consulting services to customers on a national scale. Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU.

 

Severn Bank Appoints Chief Financial Officer

September 3, 2019    ANNAPOLIS, Md.    The Board of Directors of Severn Bancorp, Inc. and its subsidiary Severn Bank appointed Vance W. Adkins, Executive Vice President and Chief Financial Officer of the Company and the Bank effective September 16, 2019.

Mr. Adkins brings years of experience in financial management, and in particular banking, to Severn Bank. From 2016 until the completion of its merger in April 2019, Mr. Adkins served as Chief Financial Officer of HomeTown Bankshares Corporation and its banking subsidiary, HomeTown Bank, located in Roanoke, Virginia.  Before serving as Chief Financial Officer he held the position of Senior Risk Officer of HomeTown Bank from 2010 until 2016. Mr. Adkins is a Certified Public Accountant and received his Bachelor of Science in Business and Masters of Science in Accounting and Information Systems from Virginia Tech in Blacksburg, VA.

Alan J. Hyatt, President and Chief Executive Officer, remarked, “We are looking forward to having Vance join the Severn Bank team. He brings knowledge and experience to our organization as we undertake growth. He comes from a community bank background similar to ours so he will have a good understanding of our commitment to the community we serve. His background as a CPA and Bank Risk Officer will also prove invaluable in this period of changing regulations.”

About Severn Bank

Founded in 1946, Severn Bank is a full-service community bank offering a wide array of personal and commercial banking products as well as residential and commercial mortgage lending.  It has assets of approximately $882 million and six branches located in Annapolis, Edgewater, Glen Burnie, Lothian/Wayson’s Corner, and Severna Park, and a seventh scheduled to open in Crofton in 2019.  The bank specializes in exceptional customer service and holds itself and its employees to a high standard of community contribution.

 

Bryn Mawr Trust Names CIO

Bryn Mawr, Pa., August 19, 2019 – Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC), announced today that Jeffrey Mills has joined their wealth division as Senior Vice President and Chief Investment Officer. Mr. Mills reports directly to Jennifer Dempsey Fox, President of BMT Wealth Management, and will maintain an office at the firm’s new Berwyn, Pa. location beginning September 16, 2019.

Jeff will be responsible for investment strategy across BMT’s Wealth Management platform, including the development of alternative capabilities to attract high net-worth and ultra-high net-worth clients, as well as institutions, endowments and foundations. He will lead firm-wide asset allocation decisions and publication of investment thought leadership. Jeff will manage BMT’s team of research analysts in addition to the Directors of Fixed Income and Third-Party Services. He will also collaborate on the direction and management of BMT’s team of portfolio managers.

“Jeff is a well-known and respected financial expert who possesses the rare combination of being strategic, tactical and analytical in his approach to leadership, research, investment management and portfolio composition,” said Ms. Fox. “Jeff will significantly elevate the investment platform and provide guidance to strategically grow the wealth division beyond our current strong foundation. We are pleased to welcome him to the BMT Wealth Management family.” Jeff has more than 15 years of experience in investment analysis, advisory, and strategy. Most recently, he was Managing Director and Co-Chief Investment Strategist at PNC Financial Services Group in Philadelphia.

Jeff holds a bachelor’s degree in international relations from the University of Pennsylvania, Philadelphia, Pennsylvania, a Master of Business Administration from the University of Oxford, Oxford, U.K., and a Master of Science in management studies with a concentration in asset management and investments from the Massachusetts Institute of Technology, Cambridge, Massachusetts. Jeff is a high-profile speaker and regular contributor to national discussions on economic matters through his appearances as a financial expert on programs such as CNBC, CNN and Yahoo Finance.