Community Bank System Adds Director

November 19, 2020   Syracuse, N.Y.  —  Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced today the election of Susan E. Skerritt to its Board of Directors as a new independent director. Ms. Skerritt has extensive experience in banking and financial services, having served in leadership positions at premier banking institutions, including Deutsche Bank, Bank of New York Mellon, and RBC U.S. Group Holdings LLC. Ms. Skerritt is currently a Senior Advisor with Promontory Financial Group, an IBM company that provides consulting services to financial institutions on regulatory, governance, and risk management matters.

Ms. Skerritt’s election expands the Company’s Board to 13 Directors, 12 of whom are independent. Ms. Skerritt 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. Skerritt is a qualified financial expert and she will serve on the Board’s Audit and Compliance Committee and the Risk Committee.

“We are pleased to welcome Susan Skerritt 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. “Her decades of experience in leadership roles at high caliber banking institutions will be a tremendous asset to the Board and we look forward to her contributions in the areas of operational, financial and regulatory matters. Her appointment reflects the Board’s continued focus on enhancing the Board’s depth of experience and diversity to ensure an appropriate level of expertise and perspective to provide effective oversight of the Company and its subsidiaries.”

Mark E. Tryniski, President and Chief Executive Officer, stated “Adding Susan to our Board of Directors is an exceptional win for our organization. She brings a wealth of banking and financial industry knowledge and leadership skills and her perspective will assist us in continuing to deliver exceptional returns to our shareholders.”

Over the course of the last 35 years, she has served in various executive leadership positions, including serving as Chairwoman, Chief Executive Officer and President of Deutsche Bank Trust Company Americas, Deutsche Bank’s U.S. commercial banking entity from 2016 to 2018. Previously at Deutsche Bank, she led the transaction banking businesses in North and South America, and also led the global correspondent banking business. Prior to Deutsche Bank, Ms. Skerritt spent seven years at Bank of New York Mellon Trust Company, N.A. where she served as an Executive Vice President in a variety of increasingly important roles in cash management, trade finance and securities servicing businesses, including co-leading the acquisition and integration of the JPMorgan Corporate Trust business. She also served as an executive member of the Board of Directors of Bank of New York Mellon Trust Company, N.A. Earlier in her career she held various leadership roles at Morgan Stanley, Treasury Strategies, Inc., Ernst & Young and Manufacturers Hanover Trust Company.

Ms. Skerritt’s corporate board experience includes service as an independent director on the Board of Directors of the RBC U.S. Group Holdings LLC, the intermediate holding company for Royal Bank of Canada’s U.S. operations, where she served as the Chair of its Human Resources and Corporate Governance Committee, as well as a member of its Audit and Risk Committees. She currently is a director on the Board of Directors of Tanger Factory Outlet Centers, Inc., a New York stock exchange listed public company that owns and operates upscale outlet shopping centers, serving on the Audit Committee and Compensation & Human Capital Management Committee, and the Falcon Group, a leading inventory management solutions business headquartered in London and Dubai.

In recognition of her leadership and expertise, Ms. Skerritt was recognized on the American Banker’s list of Most Powerful Women in Banking ranking for multiple years, and was included in WomenInc.’s Most Influential Corporate Board of Directors in 2019.

Ms. Skerritt graduated from Hamilton College with a B.A. in Economics and has served on its Board of Trustees since 1994. She received her M.B.A. in Finance and International Business from New York University’s Stern School of Business and continued her education completing the Leading a Global Enterprise – 2013 Program at the Harvard Business School. She is currently a member of the Women’s Forum of New York, The Committee of 200, and has been a Director of The Brooklyn Hospital Center since 2013 and now serves as the Board’s Vice Chairman.

About Community Bank System, Inc.

Community Bank System, Inc. operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of over $13.8 billion, the DeWitt, N.Y. headquartered company is among the country’s 125 largest banking 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 units. 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. For more information about Community Bank visit www.cbna.com.

 

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.

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.