Adirondack Bank Declares organizational changes

Adirondack Bank Declares organizational changes

“John has served as our chief credit officer since he joined the bank, and he did a great job in addressing a short-term need that we had to streamline and enhance the operations of our credit administration function,” said Rocco F. Arcuri, Adirondack Bank president and CEO. “In his new role as chief lending officer, John will put his commercial lending and business development experience and his strong ties to the Mohawk Valley business community to work coordinating the activities of our commercial lending division. He will also oversee the development of a bank-wide sales and business development program. I am excited at the opportunity Adirondack has in expanding our commercial lending business and bank-wide sales programs under John’s leadership”

Adirondack Bank has announced the appointment of Executive Vice President John F. Buffa as the company’s chief lending officer, effective Wednesday, Sept. 1. Buffa has 34 years of experience as a commercial lender and business development officer in the greater Utica/Rome area, including five years as Mohawk Valley regional president for NBT Bank before joining Adirondack Bank in September 2019.

The bank also announced that Kenneth J. Finegan, senior vice president, will assume the responsibility for developing a small business lending division for the bank. Arcuri said, “Ken has been instrumental in building Adirondack’s commercial lending business during his 29 years with the Bank, and he will continue in this role. Ken also led the Bank’s Paycheck Protection Program initiative, in which the bank originated nearly 1,400 PPP loans aggregating $119 million.”

“With this added responsibility, Ken will be leveraging his experience and connections to the local business community to lead the bank’s newly created small business lending division to meet the credit needs of small businesses in our market areas of the Mohawk Valley and Central and Northern New York,” Arcuri added.

Adirondack also announced the promotion of Elizabeth A. Pellegrino to senior vice president and chief credit officer. Pellegrino joined Adirondack in February 2020 and since September 2020 has been senior vice president of credit administration.

“Beth is a seasoned, well-rounded commercial credit professional with over 25 years of commercial lending, commercial loan administration and loan workout experience,” said Arcuri. “She’s been a great addition to our credit administration group, and I am looking forward to Beth’s continuing contributions to the success of Adirondack Bank as its chief credit officer.”

Adirondack Bank is a locally owned and operated full-service community bank with $1.05 billion in assets as of June 30, 2021. Headquartered in Utica, Adirondack has 19 locations serving Upstate New York.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Latest: Sri Lanka extends blockade until October 1st
Latest: Sri Lanka extends blockade until October 1st
The lockdown was first imposed on Aug. 20 and extended four times. The government has allowed export-oriented factories and agriculture work to continue, in ...
Riviana increases at Minnesota wild rice facility
Riviana increases at Minnesota wild rice facility
The new installations and site expansion provide Riviana more control over its wild rice storage, drying and production and provide access to an additional ...
The Top 10 Co-Op Games
The Top 10 Co-Op Games
Before we start though, a few caveats as we define what “co-op” means for this list. First, we wanted to focus on games that were truly built around that ...
Asian Granite, Biocon, Indiabulls Housing Finance, Infosys, Hero MotoCorp
Asian Granite, Biocon, Indiabulls Housing Finance, Infosys, Hero MotoCorp
NCL Industries: CRISIL has upgraded the long term and short term ratings of the company’s bank loan facilities (Rs396cr) to ‘A’/Stable from ‘A-‘ and ‘A1’ from ...
After an Nvidia leak, 343 confirms that Halo 5 will not be released on PC
After an Nvidia leak, 343 confirms that Halo 5 will not be released on PC
Brian Jarrard, community director of 343 Industries, took to Twitter to clarify that the leaked PC listing may have referred to Halo 5: Forge, which did get ...
Japan’s government party begins race to choose Suga’s successor
Japan’s government party begins race to choose Suga’s successor
Their policies largely focus on the pandemic and its economic fallout, and on the increasingly assertive role China is playing in regional affairs. Taro ...
IMF Chief Called Out on Pressure to Raise China Ranking in Report
IMF Chief Called Out on Pressure to Raise China Ranking in Report
The substance of the cost — placing “undue pressure” on World Bank workers to modify the ranking in the “Doing Business” report when she served as chief govt ...
Adults aged 50 to 69 years most likely to report ‘long COVID’, concluded a UK study
Adults aged 50 to 69 years most likely to report ‘long COVID’, concluded a UK study
CLICK HERE TO GET THE FOX NEWS APP Meanwhile, younger participants aged 2-11 and 12-16 saw the lowest reporting rates of symptoms at 12-16 weeks, at 3.2% and ...
Not enamoured with the most recent iPhone model? Here’s a peek at a mid-range Android phone from the inside
Not enamoured with the most recent iPhone model? Here’s a peek at a mid-range Android phone from the inside
In the smartphone yearly release cycle, it’s easy to fixate on the latest and greatest from Apple and Samsung, with a little bit of Google Pixel thrown in ...
Rising utility bills alarm Europe, heighten fears for winter
Rising utility bills alarm Europe, heighten fears for winter
Leal, 63, earns 500 euros ($590) a month cleaning houses part-time. She and her daughter who lives with her have stopped buying clothes, downgraded their ...
Show next
Compsmag - Latest News from tech, business and health
Logo