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”.