June 3, 2014. (Yonkers, NY). The Westchester Bank announced today the appointment of Kenneth D. Walter, CPA, CFP, to the position of Senior Vice President, Chief Financial Officer. Mr. Walter brings an in-depth financial background to the position and will be based at the Bank’s headquarters in Yonkers, NY. He will be responsible for the financial management of the bank inclusive of budget control, cost benefit analysis, forecasting needs and the bank’s investment portfolio.
Prior to joining The Westchester Bank, Mr. Walter served as the Chief Financial Officer of BCB Community Bank and BCB Bancorp, Inc. He assumed that position from July 2010 to January 2014, when Pamrapo Bancorp, Inc. was acquired by BCB Bancorp. Prior to the merger, Mr. Walter held a variety of senior management positions with Pamrapo Bancorp, Inc., including Interim President and Chief Executive Officer from 2009 through July 2010. He also served as Chief Financial Officer of Pamrapo Bancorp, Inc. and Pamrapo Savings Bank from 2001 to 2010. Mr. Walter received a B.S. degree in Accounting from Montclair State University and is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.
“It’s a great privilege to serve as CFO of The Westchester Bank,” Mr. Walter stated. “The Bank’s standing in the financial and banking communities remains very strong. There is a sound growth strategy in place and part of my role is to help insure that even our most aggressive financial projections are met,” concluded Walter.
John M. Tolomer, President and Chief Executive Officer of The Westchester Bank stated, “I look forward to working closely with Ken and we’re fortunate to have his financial skill set to keep pace with the Bank’s continued growth. We are very well positioned as the leading community bank in Westchester County and fully expect, with Ken’s assistance, to make 2014 our strongest year on record,” Mr. Tolomer concluded.
The Westchester Bank is a New York State Chartered and full service FDIC insured commercial bank offering state-of-the-art technology with a comprehensive line of banking products to businesses and consumers including: business and personal checking, business lending, commercial mortgages, savings accounts, CD’s, money market accounts, Interest on Lawyer Accounts (IOLA), attorney escrow accounts and tenant security accounts. The Westchester Bank is headquartered in Yonkers at 2001 Central Park Avenue with additional branches in White Plains at 464 Mamaroneck Avenue and Thornwood at 994 Broadway. Plans for a new branch will be announced shortly.