WALDEN SAVINGS BANK CELEBRATES 40TH ANNIVERSARY IN MONTGOMERY COMMUNITY
On Friday, May 1, Walden Savings Bank celebrated its 40th year of providing financial products and services to the Montgomery community. In honor of the 40th anniversary, the Bank awarded a $500 contribution to five non-profit organizations in the greater Montgomery area. “Reaching our 40 year milestone in the village of Montgomery is a huge accomplishment that we are very proud of,” said President and CEO, Derrik Wynkoop. “We appreciate the support that the community has shown us over the years, making this achievement possible. We are honored to share this moment by recognizing local businesses and organizations that contribute to the growth of the Montgomery community.” The five organizations that each received a $500 contribution are the Hudson Valley Cancer Resource Center, Orange County Firefighter’s Museum, Wallkill River School of Art, Montgomery Fire Department and Walden Humane Society. In addition, the celebration included a “Taste of Montgomery” gift certificate drawing to several of the following Montgomery businesses: The National Hotel Bar & Grill, Wildfire Grill, Copperfield’s, 88 Charles St. Café, Garrison’s Tavern & Wine Cellar, Ward’s Bridge Inn, Montgomery Florist, Forget Me Not Gifts, Montgomery Sporting Goods and Fancy That. The branch is located at 99 Clinton St. and was the previous home of the First National Bank of Montgomery. Walden Savings Bank ultimately acquired the building in 1975. “We are proud to be a part of the Montgomery community and are thankful for the role they have played in helping Walden Savings Bank become successful,” said Chairman of the Board, Jeffrey D. Crist. “We look forward to many more successful years in the Village.” Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, New York. With a total of 11 full-service branches serving Orange and Ulster Counties, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com.
Shredder Day in Montgomery
Walden Savings Bank will present Shredder Day on Saturday, April 18 from 10AM to 2PM at the Montgomery Branch, located at 99 Clinton Street in Montgomery. All are welcome. Items that can be shredded include: •STAPLES •PAPERCLIPS •RUBBER BANDS •PAPER. Items that CANNOT be shredded include: •ACCORDION FOLDERS •THREE RING BINDERS •PLASTIC COATED MATERIALS •BINDER CLIPS •SPIRAL NOTE BOOKS. PLEASE LIMIT 2-3 BOXES OF MATERIALS
WALDEN SAVINGS BANK ANNOUNCES RETIREMENT OF RICHARD L. JANSEN FROM BOARD OF DIRECTORS
Richard L. Jansen has retired from the Board of Directors of Walden Savings Bank. Jansen, a longtime Walden resident served on the Bank’s Board of Directors for 22 years, where he has been steadfast in his duties to the Bank’s customers. Mr. Jansen is now appointed as Director Emeritus. “We thank Richie for 22 years of continuous service to the Bank and the many communities we serve,” said Jeffrey D. Crist, chairman of Walden Savings Bank’s Board of Directors. “His guidance as a Director has proved invaluable to the Bank and his commitment to the local community aligned perfectly with our mission.” During Jansen’s Board tenure, Walden Savings Bank increased loans from $48 million to $307 million, deposits from $86 million to $409 million, branches from five to eleven and the Bank’s capital from $7.6 million to $42.2 million. A lifetime member of the Town of Montgomery community, Jansen worked 30 years as a pharmacist at the Thruway Market in Walden and has served as a pharmacist the past 18 years for Walmart. He has also served as a Board member of the Valley Central School District. Jansen is a member of the Valley Central Sports Hall of Fame. He maintains the record for the fastest 100-yard dash on a cinder track by a Valley Central student. Jansen is also a past President and Paul Harris Fellow of the Walden Rotary Club. He currently serves on the Advisory Board for Crystal Run Healthcare. In lieu of a celebratory retirement dinner, Jansen requested Walden Savings Bank make a $750 donation to the Town of Montgomery Food Bank. Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, N.Y. With a total of 11 full-service branches serving Orange and Ulster Counties, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com.
MONTGOMERY MONTESSORI SCHOOL AND WALDEN SAVINGS BANK INSTALL A LITTLE FREE LIBRARY
In efforts to promote literacy and the love of reading, Montgomery Montessori School and Walden Savings Bank are pleased to announce their stewardship of the second Little Free Library in the Village of Montgomery. As a steward of a Little Free Library, Montgomery Montessori School and Walden Savings Bank’s primary role is to care for the library so that it becomes and continues a long life as a vital, engaging resource for the neighborhood or community. "It's great to promote reading and the more you can encourage people to read, the better,” said Walden Savings Bank President and CEO Derrik Wynkoop. “The Village of Montgomery is an ideal walking community for Little Free Libraries and we are proud to be part of the growing system of Little Free Libraries around the world.” A Little Free library is a “take a book, return a book” place where neighbors share their favorite literature and stories without having to go to a traditional library. With this free book exchange, the community may stop by and pick up a book and leave another book to share. The new wooden structure is mounted in two locations on Clinton Street in front of Montgomery Montessori School and on Route 211 by Walden Savings Bank. The Little Free Library is a movement started by co-founders, Todd Bol and Rick Brooks, in 2010 and has grown to include little libraries in most states and dozens of countries. The mission is to promote literacy and the love of reading by building free book exchanges worldwide. About Walden Savings Bank Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, N.Y. With a total of 11 full-service branches serving Orange and Ulster Counties, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com.
JOHN M. CAROLA NAMED VICE PRESIDENT AT WALDEN SAVINGS BANK
Walden Savings Bank has announced the addition of John M. Carola as Vice President of Retail Delivery and Marketing. Carola will oversee the Bank’s retail branch banking, contact center and marketing program.
“John’s extensive financial experience in the Orange County marketplace will be an important asset to Walden Savings Bank,” said President and CEO Derrik Wynkoop. “His strategic leadership will help the Bank continue to grow and meet the needs of the communities we serve.” Carola joins Walden Savings Bank with more than 20 years of financial experience. Most recently he served as Regional Branch Director for Hudson Valley Federal Credit Union (HVFCU), directing the retail banking, marketing and business development activities in HVFCU’s four Orange County markets. Carola has also held financial positions with Key Bank, Bank of New York and Nashville Bank of Commerce.
“I am excited to join the Walden Savings Bank team because they have such an excellent reputation for outstanding customer service,” said Carola. “The Bank’s commitment to meeting the needs of people and businesses in the local communities is admirable and I look forward to contributing to this mission.”
Carola is President of the CRVI Foundation Board of Directors, a Director on the Habitat for Humanity of Greater Newburgh Board of Directors and Committee Member for the Junior Leadership Orange program. Also, he recently served on the American Cancer Society’s Annual Gala Committee. Carola is a graduate of Leadership Orange and the Pattern for Progress Regional Fellows Program, in addition to holding a Bachelor’s degree in Business Administration from SUNY New Paltz. He resides in the Town of Newburgh with his wife and their three children.
About Walden Savings Bank
Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, N.Y. With a total of 11 full-service branches serving Orange and Ulster Counties, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com.
WALDEN SAVINGS BANK CELEBRATES 15TH ANNIVERSARY IN NEW WINDSOR COMMUNITY
On Wednesday, Sept. 17, Walden Savings Bank celebrated its 15th year of providing financial products and services to the New Windsor community. In honor of the 15th anniversary, the Bank awarded a $500 contribution to eight non-profit organizations in the greater New Windsor area.
“We would like to thank the New Windsor community for their continued trust and support,” said President and CEO, Derrik Wynkoop. “We want to celebrate by giving back to the community and thank the local businesses and organizations that make a difference every day.”
The eight non-profits that each received this $500 contribution are the Greater Newburgh Symphony Orchestra, Independent Living Inc., Saint Christopher’s Inc., Newburgh Armory Unity Center, Purple Heart Hall of Honor Inc., Boys & Girls Club of Newburgh, New Windsor Volunteer Ambulance Corps Inc. and Safe Harbors of the Hudson. Following the closure of a Bank of New York branch in 1998, Walden Savings Bank purchased the 2,900-square-foot building. A renovation project commenced and the New Windsor branch opened on April 9, 1999. It is one of 11 branch locations in Orange and Ulster counties.
“We recognized a need in this community and we invested in the people that live and work here,” said Chairman of the Board, Jeffrey D. Crist. “Fifteen years later, we celebrate our success together and thank them for their support.” Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, New York. With a total of 11 full-service branches serving Orange and Ulster Counties, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com.
WALDEN SAVINGS BANK NOW OFFERS INSTANT ISSUE DEBIT CARDS
You asked – we listened! We now have Instant Issue Debit Cards available at 5 strategically located branches – Walden, Scott’s Corners, Pine Bush, New Windsor and Florida. You may also order your debit card at your nearest office and pick it up or have it mailed from these convenient locations. If you have any questions, please call our Contact Center at 845.457.7700, option #3.
WALDEN SAVINGS BANK NAMES NFA GRADUATE RECIPIENT OF THE DAVID T. COCKS MEMORIAL SCHOLARSHIP
Walden Savings Bank is pleased to announce Thomas O’Connell as the 2014 recipient of the Walden Savings Bank David T. Cocks Memorial Scholarship. Thomas, a senior at Newburgh Free Academy is a member of both the National Honor Society and the Boy Scouts of America, where he recently attained Eagle Scout status. He has held leadership roles in the community, volunteering his time with the Cronomer Valley Fire Department, the American Cancer Society and the New York State School Health Services Center, among others. He plans to study criminal justice at Marist College in Poughkeepsie this fall and later pursue a career as a New York State Trooper.
“Thomas is an outstanding individual and deserving recipient of the Walden Savings Bank David T. Cocks Memorial Scholarship,” said Stephen E. Burger, Walden Savings Bank Board Director and Scholarship Committee Chair. “He is focused on cultivating his skills to help others, with the same strong values that our community remembers about David T. Cocks.” Annually, the scholarship awards $2,500 to an inbound college student who mirrors the character of the past President and CEO of Walden Savings Bank, David T. Cocks. The scholarship is administered by the Community Foundation of Orange and Sullivan. Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, New York. With a total of 11 full-service branches serving Orange and Ulster Counties, the bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com.
WALDEN SAVINGS BANK NAMES NEW BRANCH MANAGER
Walden Savings Bank is pleased to announce the hire of Martha Soto as Branch Manager at its New Windsor location. In this position, Soto will provide oversight for the branch’s overall operations, business development, product sales and customer service.
Soto joins Walden Savings Bank with nearly 15 years of financial and banking experience. Most recently she held the position of Senior Branch Account Executive at OneMain Financial in Middletown, where she was responsible for supporting the branch’s sales team, which included cultivating new and repeat loan business, managing customer accounts and providing collection and delinquency control services. Soto has also held positions with Blue Cross Blue Shield and M&T Bank, as well as Ellenville National Bank. “We’re thrilled to have Martha join Walden Savings Bank as we celebrate our 15th Anniversary in the New Windsor community,” said President and CEO, Derrik Wynkoop. "Martha’s extensive experience in banking and commitment to ensuring quality customer service will be a tremendous benefit to the Bank and surrounding market area.” Soto currently resides in Middletown, located in Orange County, NY. Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, New York. With a total of 11 full-service branches serving Orange and Ulster Counties, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com.
WALDEN SAVINGS BANK EXPANDS MORTGAGE LENDING TEAM
MONTGOMERY, N.Y. (5/12/2014) – Walden Savings Bank announced today the appointment of Helen A. Gordon to the position of Mortgage Loan Officer for its mortgage lending team.
Gordon brings to WSB 30 years of experience in diverse aspects of the mortgage industry, including customer service, loan consulting, marketing, sales and business development. She began her career with Fleet Mortgage Corp and, most recently, held the position of Business Development Coordinator at Homestead Funding.
“Helen has a proven track record of developing new market territories and maintaining high levels of customer satisfaction,” said Derrik Wynkoop, President and CEO. “Helen has established herself as a trusted mortgage advisor in the Hudson Valley, and we look forward to her joining and strengthening our already-robust mortgage lending team.”
Gordon currently resides in Hopewell Junction, NY.
About Walden Savings Bank
Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, New York. With a total of 11 full-service branches serving Orange and Ulster Counties, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com
FHLBNY Awards $1.2 Million in Affordable Housing Grants in Middletown and Somers
The Federal Home Loan Bank of New York announced today the award of an $820,000 grant to the Regional Economic Community Action Program, Inc. to help finance The Mill at Middletown project, which will convert an abandoned mill into 42 affordable homes for low- and very low-income households in Middletown; and a $450,000 grant to the Housing Action Council to help finance The Mews at Baldwin Place, Phase II project, which will build 75 new affordable homes in Somers. Federal Home Loan Bank of New York members Walden Savings Bank and CMS Bank submitted the applications for the funding. “This year marks the 25th anniversary of the creation of the Affordable Housing Program,” said Alfred A. DelliBovi, president and CEO of the Federal Home Loan Bank of New York. “In that time, the Home Loan Bank has been honored to partner with both our members and scores of terrific non-profit housing organizations across the region to help build affordable homes. Thanks to the hard work of these community institutions, as well as the support the Program continues to receive from Congress, the AHP has become one of the most successful housing programs in the nation.” “This project aligns with Walden Savings Bank’s longstanding mission of supporting people, businesses and organizations that make a difference in our community,” said Walden Saving Bank President and C.E.O Derrik Wynkoop. “The Mill at Middletown project will play a huge role in the ongoing revitalization of the downtown Middletown community and we are excited to team with CMS Bank and Federal Home Bank of New York to ensure its success.” The Mill at Middletown project involves the adaptive re-use of an abandoned brick mill building that dates back to the late-1800s into 42 affordable family units for low- and very low-income households. An additional building on the property will be restored and converted into a community hall. Walden Savings Bank submitted the application for this project. Other funding sources include the Community Preservation Corporation, Federal Low Income Housing Tax Credits and the New York State Housing Trust Fund Corporation. The Mews at Baldwin Place Phase II is the second stage of a two-part plan to provide new construction of affordable senior housing. Phase I was restricted to residents 65 years old and older, and Phase II is available to residents 55 years old and older. This project involves the new construction of 75 units of affordable housing in two two-story elevator buildings. CMS Bank submitted the application for this project. Additional financing will be provided by Federal Low Income Housing Tax Credits, the New York State Housing Finance Agency, State Low Income Housing Tax Credits and Westchester County Housing Infrastructure Funds. The grants are part of $35.5 million in Affordable Housing Program (“AHP”) subsidies that the Federal Home Loan Bank of New York will award as its 2013 AHP grant round. In total, these grants will help finance 48 affordable housing initiatives which will create or preserve 3,072 units of affordable housing, including more than 2,200 units of very low-income housing, in New Jersey, New York, Puerto Rico, the U.S. Virgin Islands, Florida, Maryland and Pennsylvania. The 12 Federal Home Loan Banks have distributed more than $4.8 billion in AHP funds since 1990. At the Federal Home Loan Bank of New York, the AHP has supported 1,386 projects with nearly $475 million in grants, helping to create or preserve 60,250 units of affordable housing and generating an estimated $8.5 billion in total development costs. For more information on today’s grants, please visit www.fhlbny.com/news/pressrelease.htm. The Federal Home Loan Bank System’s Affordable Housing Program, created in 1989, provides member community lenders with direct subsidies, which are passed on to qualified households through a sponsoring local non-profit organization. AHP financing is combined with other funding sources to create housing for moderate-, low- and very-low-income families. Program awardees receive this funding through semi-annual competitive rounds. Each competing project must be sponsored by a financial organization that is a member of the Federal Home Loan Bank in partnership with a community-based sponsoring organization.
WALDEN SAVINGS BANK SUPPORTS FOOD BANK OF THE HUDSON VALLEY WITH $3,750 DONATION
Walden Savings Bank continues its support of local nonprofit organizations with this year’s Ornament Campaign donation of $3,750 to Food Bank of the Hudson Valley.
Each year, Walden Savings Bank employees and customers participate in the Food Bank’s annual Ornament Campaign, where paper ornaments are purchased at each of Walden Savings Bank’s 11 branch locations for $1 from Thanksgiving until the New Year. Walden Savings Bank matches each donation, which helps to provide thousands of meals to local families.
In addition, Walden Savings Bank raised funds for the Food Bank of the Hudson Valley by hosting an Ugly Sweater Contest, asking each of its participating staff members to donate to the Food Bank.
“Food Bank of the Hudson Valley is instrumental in assisting the families in our community that need our help the most,” said Derrik R. Wynkoop, President and CEO of Walden Savings Bank. “The Holiday season is an important time to give back to the community, and we are happy to be able to continue to help this important cause in any way we can.”
The Food Bank of the Hudson Valley is dedicated to alleviating hunger while preventing the waste of wholesome food. Working in partnership with the food industry, the Food Bank collects large donations of unmarketable but still edible food and distributes it to charitable agencies feeding hungry people in a six county region. In 2008, the Food Bank provided more than 8 million pounds of food to over 360 member agencies in Orange, Ulster, Dutchess, Rockland, Sullivan, and Putnam counties.
WALDEN SAVINGS BANK APPOINTS BILL VACCA DIRECTOR OF BUSINESS DEVELOPMENT
Walden Savings Bank announced today the appointment of Bill Vacca as Vice President of Business Development.
Vacca brings nearly 50 years of experience in banking in the Hudson Valley market to Walden Savings Bank. He joins Walden Savings Bank after 12 years at Provident Bank, where he was the Senior Vice President for Business Banking in Orange, Sullivan and Ulster counties.
In his new role, Vacca will be responsible for developing business and client relationships at Walden Savings Bank’s 11 branch locations throughout Orange and Ulster counties.
“Bill’s immense experience in Hudson Valley banking and strong ties to the business community make him a tremendous asset to our team,” said Derrik Wynkoop, President and CEO of Walden Savings Bank. “We are confident that Bill will help Walden Savings Bank facilitate valuable relationships with the small and mid-size businesses that larger banks are leaving behind.”
Vacca began his career at Key Bank and rose from Branch Manager to Senior Vice President of National Accounts for eastern New York State. After 31 years at Key Bank, Vacca joined Premier National Bank as Senior Vice President in charge of the Municipal Market, and later joined Warwick Savings Bank, now Provident Bank, as head of the Retail Development and Business Bank Lending Team, managing the bank’s retail and community business sales, services and operations. In his most recent role as Provident Bank’s Senior Vice President for Business Banking, he maintained and built lending portfolios of clients.
“I am excited to become a part of the Walden Savings Bank family,” Vacca said. “Walden Savings Bank is one of the few remaining community banks that shares my values and beliefs on how customers should be serviced. I am looking forward to helping the lending team achieve its business goals.”
Vacca is active in the Hudson Valley community and has served as Board Chairman of the Orange County Chamber, the Orange County Partnership, Cornwall Hospital Foundation and the American Heart Association Heart Walk. He currently resides in New Windsor.
Walden Investment Services to Host Social Security Seminar
Walden Investment Services will host a free informational seminar on Wednesday, Oct. 16, which will address Social Security benefit options and how they may influence retirement decisions. The event will begin at 6 p.m. and will be hosted by Walden Investment Services Financial Advisor and Vice President, Frank Dwyer, at the Walden Savings Bank headquarters in Montgomery, NY.
This complimentary seminar, Bridging the Gap Between Social Security and Retirement, is presented in conjunction with Prudential Financial and will assist attendees to make informed decisions regarding their futures based on Social Security benefit options, as well as how much money may be needed to supplement one’s retirement income.
“For individuals and couples who are now thinking about retiring, the process can be a daunting one,” said Dwyer. “Many baby boomers worry about how they will bridge the income gap between their Social Security benefits and what they’ll actually need to secure their retirement. We’re here to answer these questions and to help make the process as seamless as possible.”
For more information and to RSVP for the October 16 seminar, contact Alissa Provanzana, Walden Investment Services, at (845) 457-8250 or email@example.com. Seating is limited.
About Walden Investment Services
Walden Investment Services, established in 2012, serves the Hudson Valley region and offers a full range of financial products and services and is located at Walden Savings Bank. Walden Investment Services is a marketing name for Cetera Investment Services LLC, Member FINRA/SIPC. Investments are: • Not FDIC/NCUSIF insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency. Cetera is under separate ownership from any other named entity.
WSB Announces Participation in Adopt-a-Highway Program
Walden Savings Bank is pleased to announce its most recent community endeavor to partner with Adopt-a-Highway. The project, part of a national initiative working toward cleaner highways and communities, will be led by Walden Savings Bank’s Class of 2012.
Beginning in June, Walden Savings Bank employees will volunteer their time throughout each year to clean up litter along a 1-mile stretch from Black Hawk Road to Main Street in Pine Bush. A sign will be installed at this location to recognize the Bank’s commitment and dedication.
“Walden Savings Bank is always looking for new ways to further our involvement and commitment to our community,” said Derrik Wynkoop, President and CEO of Walden Savings Bank. “This effort was a true collaboration amongst our newest team members, and we are excited to begin our work with Adopt-a-Highway. The project represents a legacy for both the Bank and the Class of 2012.”
The class is comprised of employees who joined Walden Savings Bank in the 2012 calendar year. As part of its dedication to local communities, the Bank each year urges its team to become involved in a new venture or volunteer initiative to give back and positively impact the region. This project, led by Training and Development Manager Johnnieanne Hansen, is part of an orientation program to welcome new employees to the Walden Savings Bank team.
For more information on Walden Savings Bank’s Adopt-a-Highway initiative, contact Johnnieanne Hansen at 845-457-7700 ext. 236 or firstname.lastname@example.org
WALDEN INVESTMENT SERVICES BOLSTERS TEAM
Walden Savings Bank is pleased to announce the recent appointment of Alissa Provanzana to the position of Client Services Associate for its Investment Services program.
In her new position, Alissa will be responsible for maintaining customer accounts, monitoring trade settlement and sales management, as well as providing both internal and external customer service.
Provanzana brings nearly five years of experience from J.P. Morgan Chase, where she held positions as a trade support analyst and, most recently, fixed income sales associate. She holds both her Series 7 and 63 registrations.
“Alissa brings a strong background in financial service operations, as well as exemplary skills in customer service,” said Derrik Wynkoop, President and CEO. “She is a welcome addition to Walden Investment Services and one that will add vibrancy and a strong skill-set to our service team. We are excited to have her come aboard.”
Alissa obtained her Bachelor of Science in Business Administration from the State University of New York at Albany with a concentration in finance and marketing. She currently resides in Wallkill.
“We’re thrilled that there has been such strong consumer demand for Walden Investment Services,” said Frank Dwyer, Vice President and Financial Advisor. “The growth in just one year of the program’s establishment has already called for an expansion, and I’m confident this will continue with our new and talented staff.”
About Walden Investment Services
Walden Investment Services, established in 2012, serves the Hudson Valley region and offers a full range of financial products and services and is located at Walden Savings Bank. Walden Investment Services is a marketing name for Cetera Investment Services LLC, Member FINRA/SIPC. Investments are: • Not FDIC/NCUSIF insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency. Cetera is under separate ownership from any other named entity.
WSB Names Marlboro Graduate Recipient of David T. Cocks Memorial Scholarship
Walden Savings Bank is pleased to announce Marlboro High School senior Joseph Tompkins as the 2013 recipient of the Walden Savings Bank David T. Cocks Memorial Scholarship, administered by The Community Foundation of Orange and Sullivan.
Joseph, a dedicated athlete and student, is a member of both the National Honor Society and the Boy Scouts of America, where he recently obtained his Eagle Scout. He has held leadership roles in athletics as well as in the community, volunteering his time to initiatives such as The Community Housing Innovation and Operation Christmas Child. He plans to study engineering at Western New England University, located in Springfield Massachusetts this fall.
“Joseph is an exemplary young person who is both focused on his future and dedication to helping others, which makes him the perfect recipient for the Walden Savings Bank David T. Cocks Memorial Scholarship,” said Stephen E. Burger, Walden Savings Bank Board Director and Scholarship Committee Chair. “His efforts within the community embody those of David, and parallel the strong values for which so many knew and will remember him.”
The scholarship awards $2,500 to an inbound college student who mirrors the character of the past President and CEO of Walden Savings Bank, David T. Cocks.
WSB Announces Online Education Center
Walden Savings Bank is pleased to announce The Online Education Center. This online resource can help personal and business banking customers and non-customers identify risks of identity theft and ways to prevent it. The Online Education Center can be accessed at: http://www.onlinebanktours.com/oec/index.php?b=1491
Walden Savings Bank Celebrates 40th Anniversary in Washingtonville Community
Walden Savings Bank is celebrating its 40th year of providing banking products and services to the Washingtonville community next week. Beginning on Monday, April 22, key members of the Walden Savings Bank team will be available at the Washingtonville branch at 131 East Main St. to meet and greet with current and potential customers. The week will end on a celebratory note with cake, refreshments and an iPad giveaway.
“We want to thank the Washingtonville community for their continued patronage and trust,” said President and CEO, Derrik Wynkoop. “It is because of our loyal customers that we are celebrating this milestone, and we look forward to celebrating with them this upcoming week.”
Monday, April 22 will feature Kim Zwart, Business Services Manager at the Washingtonville Branch. Tuesday, April 23 will feature Greg Roe, A.V.P. Commercial Lending; Wednesday, April 24 will feature Francis X. Dwyer, V.P., Walden Investment Services, and Thursday, April 25 will feature Tracy Mackey, Mortgage Loan Consultant. The weeklong celebration will culminate on Friday, April 26 at 11 a.m., to which the community is invited to attend.
SHREDDER DAY IN CIRCLEVILLE
In honor of Earth Day, Walden Savings Bank will present Shredder Day on Saturday, April 20 from 10AM to 2PM at the Circleville Branch, located at 2108 Route 302 in Circleville. Items that can be shredded include: •STAPLES •PAPERCLIPS •RUBBER BANDS •PAPER. Items that CANNOT be shredded include: •ACCORDION FOLDERS •THREE RING BINDERS •PLASTIC COATED MATERIALS •BINDER CLIPS •SPIRAL NOTE BOOKS. PLEASE LIMIT 2-3 BOXES OF MATERIALS.
Protecting and Improving Your Credit Workshop
On Monday, March 11, Walden Savings Bank will host a "Protecting and Improving Your Credit Workshop" from 6-8 p.m. at the Orange County Chamber of Commerce's Larkin Board Room - 30 Scott's Corners Drive, Montgomery, NY.
Topics will include:
What is a FICO Score?
What Can Negatively Impact Your Credit?
Improving Your Scores
Monitoring Your Credit
And a Q&A session to answer your questions.
Seats are limited. Reservations are required. Register today by calling 845.457.7700 x 354 or email email@example.com
140th Anniversary Raffle Winners
Our happy winners were:
Frank Pettine, Kristina Tripodi, Ryan Graham and Numa Pinto.
Thanks for all your support with our 140th Anniversary Campaign!
WALDEN SAVINGS BANK BOARD OF DIRECTORS ADDS PRESIDENT & CEO DERRIK R. WYNKOOP
Walden Savings Bank’s Board of Directors is pleased to announce the addition of Derrik R. Wynkoop.
“The Board has worked closely with Derrik in his role as President & CEO and believes he has been a tremendous asset, providing unique insight to the bank and the community,” said Jeffrey D. Crist, Chairman of the Walden Savings Bank Board of Directors. “Derrik’s professionalism, experience and relationships help to strengthen the Bank’s commitment to our customers and the communities we serve.”
Wynkoop joins Crist, Richard L. Jansen, Ira. D. Conklin, III, Barbara Edmunds, Stephen E. Burger, Dr. Peter V. Masci, Gill Mackay and Edward F.X. Gallagher, Jr. on the Board.
“I am truly honored that the Board has welcomed me with open arms, first as President & CEO and now as a Director on the Board,” Wynkoop said. “I strongly believe in the Bank’s mission to support the local community. The Board has made that mission clear since day one, and it leads to every decision we make.”
Prior to joining Walden Savings Bank on September 16, 2011, Wynkoop spent nearly eight years with Hudson Valley Federal Credit Union, holding positions of Vice President of Retail Delivery/Marketing and Chief Financial Officer. Before that he was with Walden Federal Savings & Loan Association (Hometown Bank), where he served as Chief Financial Officer. Wynkoop has also been an adjunct lecturer at both Marist College and Mount Saint Mary College.
In the community, he serves as Board President of the Community Foundation of Orange and Sullivan County, Second Vice Chairman of SUNY Orange Educational Foundation and Director of Just Off Broadway, Inc.
Five generations of Wynkoop’s family have lived in Walden and he currently resides there with his wife and three children. He received his Bachelor of Science degree, marketing concentration and Master of Business Administration degree, accounting concentration from Marist College.
Book Collection Update
Walden Savings Bank had been notified through one of our valued business customers, Patty Cake Playhouse II, Inc., of a community book drive to aid in the recovery of the Newtown, Ct. community following the Sandy Hook Elementary School tragedy. Donations from the drive will now be directed locally. The staff of "Patty Cake" stated: It has been brought to our attention that the Newtown community has been overwhelmed by gifts and is asking that any future donations be made to a need in our own community. To that end, we have decided to donate all the books collected to East Coldenham Elementary School in memory of the Newtown tragedy as an act of kindness and recognize a school in our own community that experienced its own trauma back in November 1989. Please spread the word and drop off your books to any Walden Savings Bank location by January 11. Just a reminder that we are looking for books that are uplifting and silly - picture books that are colorful and lighthearted. Books should be appropriate for children ages 5-10. If you prefer to make a monetary donation, please make checks payable to Scholastic Books and the staff of Patty Cake will purchase appropriate books on your behalf.
Book Collection For Sandy Hook Community
Dear Walden Savings Bank Customer,
The holidays are a time of sharing with friends and loved ones and this year our hearts are saddened for those who experienced horror and tragedy at the Sandy Hook Elementary School. Walden Savings Bank offers our deepest condolences to those who have been affected and our thoughts and prayers are for strength and comfort in the coming days, months and years ahead.
At this time, it is gratifying to hear of the many deeds of love and mercy toward this community. Many of us feel helpless and would like to contribute in some way. Walden Savings Bank has been notified through one of our valued business customers, Patty Cake Playhouse II, Inc., of a book drive to help heal the surviving children of the disaster. We are pleased to support this effort and invite our customers to join us.
As the staff of "Patty Cake" states:
Because it is so important to us that children learn to love school - especially at such a young age - we will be collecting NEW books to donate to Newtown Elementary School. Each book donated will have a sticker placed inside of it, with the name of the donating family/organization. The books will be delivered during the week of January 14. Social and emotional development of young children can be enhanced if the books we share are carefully chosen. While there are many books that help children deal with death, we feel that should be left to professionals and counselors that will be working closely with the school. We are looking for books that are uplifting and silly - picture books that are colorful and light-hearted. The books should be age-appropriate for children aged 5 - 10.
If you are interested in making a donation, please bring your book(s) to any of the Walden Savings Bank branch locations on or before January 11. If you prefer to make a monetary donation, please make your check payable to Patty Cake Playhouse II, Inc., and the books will be purchased through the Scholastic Book Club on your behalf.
We thank you in advance for your support and wish you
a very Happy Holiday and a Safe and Happy New Year.
Walden Savings Bank Accepting Donations for Toys for Tots, Food Bank of the Hudson Valley
This holiday season, Walden Savings Bank’s 11 branch locations throughout Orange and Ulster counties are collecting donations for Toys for Tots, as well as Food Bank of the Hudson Valley.
New or gently used toys for all ages can be dropped at any branch now through Friday, Dec. 14.
Donations to the Food Bank of the Hudson Valley are welcome from both employees, and customers, and can be made by purchasing paper ornaments at branch locations for $1 each— an amount that provides four meals to a person in need. Last year, Walden Savings Bank provided 16,000 meals to families in the Hudson Valley.
For more information on how to donate to either of these organizations, contact Joann Menendez at 845-457-7700 x354 or firstname.lastname@example.org.
Walden Savings Bank Expands Leadership Team with Three Area Retail Manager Positions
Walden Savings Bank announced today the expansion of its leadership team with three area retail managers. Michael Bulgia, Nicola Folina and Amy Minutolo will oversee the Eastern, Central and Western regions of Walden Savings Bank’s 11 branch locations in Orange and Ulster Counties. The area retail managers will provide oversight for each branch’s overall operations, product sales and customer service.
“With the addition of the area retail manager position, Walden Savings Bank will continue to improve upon our staff training and customer relations, as well as increase involvement in our communities,” said President and CEO, Derrik Wynkoop. “Our talented professionals bring strong experience and relevant backgrounds , and we’re proud to appoint this group as the first to fill these positions.”
Michael Bulgia began his financial career as a teller with Sound Federal Savings in Mamaroneck, NY, where he worked for 16 years and ultimately held the position of Assistant Vice President. In June 2007, Bulgia joined Walden Savings Bank as Scott’s Corners Branch Manager. After being appointed as Business Development Manager, Bulgia was promoted to Area Retail Manager in September. Bulgia’s involvement with the community includes serving on the Board of Directors for both the YMCA of Dutchess & Eastern Orange and the Town of Poughkeepsie Little League. He is a member of the Elant at Meadow Hill Renewal Committee, as well as a mentor for Big Brothers Big Sisters of Orange County.
Joining Walden Savings Bank in September as Area Retail Manager of the Bank’s Central Region, Nicola Folina most recently held the position of Branch Manager for Hudson Valley Federal Credit Union in Montgomery. Folina brings with her more than 25 years of experience in management, sales and marketing. Folina obtained her bachelor’s degree in Marketing from the Laboratory Institute of Merchandising in Manhattan. She is a member of the 2012-2013 class of Leadership Orange and volunteers for several organizations throughout Orange County.
A native of the Hudson Valley, Amy Minutolo is a graduate of Middletown High School and received her bachelor’s degree in Business Administration from Empire State College. She began her career with Orange County Trust Company, where she held positions from Part-Time Teller to Platform Assistant. In 2005, Minutolo came to Walden Savings Bank as Montgomery Branch Manager and has held additional positions at Circleville, Florida and Scott’s Corners branches until her promotion to Area Retail Manager this fall. Minutolo is Treasurer and a long-time member of the Wallkill East Rotary Club, and is a member of the 2012-2013 class of Leadership Orange.
WALDEN SAVINGS BANK APPOINTS MIDDLEHOPE BRANCH MANAGER
Walden Savings Bank is pleased to announce the recent promotion of Pamela Leignadier to the position of Branch Manager at its Middlehope location.
“Pam has long been an integral part of Walden Savings Bank,” said Walden Savings Bank President and CEO, Derrik Wynkoop. “She started out with the Bank over twenty years ago and has a proven track record of successful teamwork and dedication to our overall mission. This promotion is very well deserved.”
Leignadier began her financial career with Walden Savings Bank in 1990 as a teller at the Bank’s historic Walden location. Since then, she has risen to positions of Head Bookkeeper, Head Teller of the New Windsor Branch, and Assistant Branch Manager of the Montgomery and Cornwall offices.
Middlehope is a great community and I’m thrilled to be a part of it,” said Leignaider. “I’m very much looking forward to meeting our customers and working side-by-side with them on their personal and business banking needs.”
A Hudson Valley native and graduate of Pine Bush High School, Leignadier is also a talented photographer whose work has garnered notice in regional periodicals, local newspapers and online. As part of her commitment to the community, Pam dedicates service each year to important charities such as the American Cancer Society, Toys for Tots and the Tuskegee Airmen.
Crisis Budget Workshop Scheduled for Thursday, Nov. 15 - REGISTER NOW!
Walden Savings Bank will host a Crisis Budget Seminar on Thursday, Nov. 15 from 6 to 8 p.m. The workshop will be held at the Orange County Chamber of Commerce at 30 Scott's Corners Dr. in Montgomery. Topics will include: how to use a budget to survive this economic crisis; how to make subtle cuts in spending; how to budget for the upcoming heating season; what resources are available to help you; how a crisis budget can improve your credit score, and more. Seats are limited and reservations are required. Register today by calling 845-457-7700 x354.
Coat Collection Drive for Veterans
Warwick Valley High School Senior Christina Carmody is running a coat drive for veterans as a community service project. Male, female and children's jackets and coats are accepted. Boxes will be placed at Walden Savings Bank, as well as the following locations - Pine Island: Cj's Country Market, Valero gas station. Warwick: Warwick Town Hall, Warwick Library, WTBQ Radio Station. Florida: Florida Library and the Professional Building. The deadline for the coat drive is November 11. Christina, the veterans, and Walden Savings Bank thank you for your support to our community!
Walden Savings Bank Honors Former Presidents
Walden Savings Bank’s Board of Directors gathered to commemorate the lives and service of the past Walden Savings Bank presidents. The Conference Room, located on the main floor, was dedicated as the John D. Garrison Conference Room, and the Community Room, located on the 3rd floor, was renamed the David T. Cocks Community Room. Fittingly, the David T. Cocks Community Room will continue to be available for use by non-profit organizations – a tribute to Cocks’ dedication to the local community.
Garrison, who served as President from 1981 to 2001, was influential in building the corporate offices at Scott’s Corners Drive. Likewise, Cocks was extremely involved in service to the community during his role as President from 2001 to 2011.
“Both John and David each had very large roles in making Walden Savings Bank the strong and successful bank it is today ” said President and CEO Derrik Wynkoop. “These dedications are a small, but significant way to honor their commitment not only to the bank, but to the entire community.”
To reserve the David T. Cocks Community Room contact Walden Savings Bank at 845-457-7700 ext. 221.
Free Breakfast Seminar at Walden Savings Bank
Walden Savings Bank will be hosting a free Breakfast Seminar on Thursday, October 11. The Seminar is titled "How to Build, Buy or Expand Your Business." Topics will include: •Understanding how valuable Business Plans are and how to develop a Plan
•How to secure up to 90% financing for your business
•Facts, tips and how the loan process is made easy with the right bank
•How to secure conventional bank financing.
The Seminar will take place at Walden Savings Bank's Corporate Headquarters located at 15 Scott's Corners Drive in Montgomery. A continental breakfast will be provided. Seats are limited. To register, call 845.457.7700 x354 or email
email@example.com. Please RSVP by October 8.
Shredder Day in Middlehope
Walden Savings Bank will present Shredder Day on Saturday, October 20 from 10AM to 2PM at the Middlehope Branch, located at 5239 Route 9W in Middlehope. Items that can be shredded include: •STAPLES •PAPERCLIPS •RUBBER BANDS •PAPER. Items that CANNOT be shredded include: •ACCORDION FOLDERS •THREE RING BINDERS •PLASTIC COATED MATERIALS •BINDER CLIPS •SPIRAL NOTE BOOKS. PLEASE LIMIT 2-3 BOXES OF MATERIALS.
WALDEN SAVINGS BANK HIRES DANIEL P. DOWNING AS VICE PRESIDENT RETAIL LENDING
– Walden Savings Bank announced today the appointment of Daniel P. Downing as Vice President Retail Lending.
Downing has gained a wide variety of skills in his 20 years as a banker. Most recently, he was Executive Vice President for VirtualBank in Palm Beach Gardens, Fla., where he managed the bank’s residential mortgage servicing exceeding $1.2 billion over the past three years.
Prior to his most recent position, Downing served in numerous roles at VirtualBank, including Senior Vice President Retail Lending, Vice President Retail Lending, Director Consumer Lending and Manager Card Services. At Ocwen Financial Corporation in West Palm Beach, Fla., he served as Supervisor of Treasury Systems from 1992 to 1999.
“Dan has profound experience in strategic planning and analysis of retail lending and a great track record in managing multi-million dollar portfolios that will be very beneficial to Walden Savings Bank,” said President and CEO Derrik R. Wynkoop. “Dan understands the challenges of companies today and has expertise in business development. We are very happy to have Dan become part of Walden Savings Bank.”
Downing, originally from New York, holds a Bachelor of Science in Commerce with a Concentration in Marketing from Niagara University.
“I am looking forward to this excellent opportunity to be part of the Walden Savings Bank team and to return to New York State,” said Downing. “I want to help do my part to make the bank as successful as it can be.”
Shredder Day in Washingtonville
Walden Savings Bank will present Shredder Day on Saturday, September 22 from 10 AM to 2 PM at the Washingtonville Branch Office, located at 127 East Main Street in the Village of Washingtonville. Items that can be shredded include: •STAPLES •PAPERCLIPS •RUBBER BANDS •PAPER. Items that CANNOT be shredded include: •ACCORDION FOLDERS •THREE RING BINDERS •PLASTIC COATED MATERIALS •BINDER CLIPS •SPIRAL NOTE BOOKS.
WALDEN SAVINGS BANK ANNOUNCES FIRST DAVID T. COCKS AWARD RECIPIENT
Walden Savings Bank is proud to announce Valley Central High School Senior Colin O’Keefe as the first recipient of the David T. Cocks Walden Savings Bank Scholarship.
The scholarship, administered by the Community Foundation of Orange & Sullivan, awards $2,500 to an inbound college student who mirrors the character of the past president & CEO of Walden Savings Bank, David T. Cocks, who suddenly passed away just more than a year ago.
“Colin is an active participant in school and his community and posts numerous achievements, which makes him a great recipient for the David T. Cocks Walden Saving Bank Scholarship,” said Vice President Marketing Joann Menendez. “He is focused on his future and extremely dedicated to his education, church and community. We are sure David would be proud of him.”
Primary consideration for the scholarship was given to Eagle Scouts, with secondary consideration awarded to athletes. Colin made Honor Roll all four years at Valley Central, is a decorated Eagle Scout and was active in several high school sports.
He is an active volunteer at numerous organizations, including the Knights of Columbus and Holy Name of Mary Church, where he founded a youth group. O’Keefe graduated from Valley Central this month and will be attending Mount St. Mary College in the fall.
Self Service Coin Machines
Walden Savings Bank appreciates our customers, and we're showing it! All customers can now use our Self Service Coin Machines free of charge. The machines are available at the Scott's Corners Branch, Pine Bush Branch and New Windsor Branch. Non-customers can also use the machines for a charge equal to 10% of the total transaction.
Free Seminar: Crisis Budget Workshop
Walden Savings Bank appreciates our customers, and we're showing it! As part of our Customer Appreciation Walden Savings Bank is hosting a Free Seminar, titled ‘Crisis Budget Workshop’. The seminar will be held on Wednesday, May 30, 2012, from 6-8 PM at the Orange County Chamber Building, 30 Scott’s Corners Dr. in Montgomery. Topics will include how to use a budget to survive this economic crisis; learn how to make subtle cuts in spending; learn what resources are available to help you and how a crisis budget can improve your credit score.You may register by calling 457.7700 x354 or email firstname.lastname@example.org
Shredder Day, June 7 at Walden Savings Bank
Walden Savings Bank appreciates our customers, and we're showing it! Walden Savings Bank will hold our first ever Shredder Day on Thursday, June 7 from 10 AM to 2 PM at the Walden Branch Office, located at 2 Bank St. in the Village of Walden.
Items that can be shredded include:
•STAPLES •PAPERCLIPS •RUBBER BANDS •PAPER.
Items that CANNOT be shredded include: •ACCORDION FOLDERS •THREE RING BINDERS •PLASTIC COATED MATERIALS •BINDER CLIPS •SPIRAL NOTE BOOKS.
WALDEN SAVINGS BANK LAUNCHES WALDEN INVESTMENT SERVICES
Walden Savings Bank is excited to introduce Walden Investment Services. Located on site at each of Walden Savings Bank’s 11 full service branches, Walden Investment Services offers investment and insurance solutions through PrimeVest Financial Services, Inc.
Walden Investment Services has also announced the addition of Francis X. Dwyer as Vice President, Financial Advisor. Dwyer is registered as a Series 7, 24, 55, 63 and 65. He worked most recently with Key Investment Services, LLC, serving as Financial Advisor/Vice President and carries over 30 years of experience.
“We are pleased to add Investment Services to our comprehensive list of products and services,” said Walden Savings Bank President & CEO Derrik Wynkoop. “Frank’s wealth of knowledge and professional expertise make him the perfect fit to help us launch this new service.”
Dwyer, a Campbell Hall resident, is a graduate of Institute of Finance where he completed multiple industry related courses. Dwyer is a former member of the NYSE.
“Joining Walden Investment Services and working through PrimeVest is a great opportunity for me,” said Dwyer. “Investments and insurance can be daunting for individuals and families but our goal is to become your financial partner for all phases of your life.
About Walden Investment Services
Walden Investment Services, established in 2012, serves the Hudson Valley region and offers a full range of financial products and services and is located at Walden Savings Bank. Walden Investment Services offers investment and insurance services through PrimeVest.
Founded in 1984, PrimeVest Financial Services Inc. is a self-clearing broker-dealer serving the clients of more than 600 financial institutions with assets ranging from $15 million to $30 billion in 50 states and Guam. Headquartered in St. Cloud, Minn., PrimeVest delivers innovative and insurance solutions, comprehensive support and a flexible program structure backed by the strength of the ING brand – one of the world’s largest financial services organizations. PrimeVest makes it easier for financial institutions to succeed.
PrimeVest is a shareholder of the Chicago Stock Exchange and a member of the Depository Trust and Clearing Corporation (DTCC), the Securities Investors Protection Corporation (SIPC), and the Financial Industry Regulatory Authority (FINRA).
Securities and insurance products offered by PrimeVest: *Not FDIC/NCUSIF insured *May go down in value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency.
WALDEN SAVINGS BANK VICE PRESIDENT AMBROSE APPOINTED TO COMMUNITY PRESERVATION CORP. REGIONAL MORT
Walden Savings Bank is proud to announce the appointment of Vice President Commercial Loans Robert E. Ambrose to The Community Preservation Corporation (CPC) Hudson Valley Mortgage Committee.
“Bob is a great fit for this position,” said Derrik R. Wynkoop, president and CEO of Walden Savings Bank. “He has excelled in his position at Walden Savings Bank, and his commercial loan experience will prove to be a great asset to The Community Preservation Corporation as they continue to expand.”
Ambrose has been involved in over $800 million in commercial lending for a combination of large regional banks and community banks in the Hudson Valley in his 25 years in banking. Since 2003, he has managed and developed Walden Savings Bank’s Commercial Lending Department and has grown the loan portfolio from $12 million to $149 million and the business services staff from one to seven employees.
Rafael Cestero, president and CEO at CPC, added, “Since 1989, CPC's Hudson Valley Mortgage Committee has played a critical role in financing more than $1 billion and nearly 15,000 units throughout Hudson Valley. These projects have included low-income, senior and special needs housing, and enhanced the lives of thousands of families. Robert’s expertise in community banking and commercial lending make him a valuable asset for the Committee, and we welcome him to the CPC family.”
The Community Preservation Corporation is a not-for-profit mortgage lender that finances residential multifamily development throughout New York and New Jersey. Since its founding in 1974, CPC has invested more than $7.6 billion in nearly 140,000 units of housing. The Hudson Valley Mortgage Committee is charged with approving CPC commercial loans in the region.
David T. Cocks Scholarship Fund
The David T. Cocks Walden Savings Bank Scholarship Fund has been established with the Community Foundation of Orange and Sullivan to celebrate the life and honor the memory of David T. Cocks. On June 19, 2011, David Cocks, President of Walden Savings Bank, passed away suddenly. He was a man of great character, a devoted family man and friend to many, who truly made a difference in the lives of those he touched. Whether as President of Walden Savings Bank or in his many volunteer roles, he exemplified the definition of character and left a legacy of service and good work. After Mr. Cocks passed, the Walden Savings Bank Board of Directors made a decision to establish a scholarship fund in his name. Deserving students are encouraged to apply for the David T. Cocks Walden Savings Bank Scholarship Fund in honor of a man who was loved by his family and friends, respected in his community and left a legacy of distinguished citizenship.
An Annual Scholarship of $2,500 will be awarded to a graduating senior in one of the following school districts: Chapel Field Christian Schools,
Cornwall Central School District,
Florida Union Free School District,
Goshen Central School District,
John S. Burke Catholic High School,
Marlboro Central School District,
Newburgh Enlarged City School District,
New Paltz Central School District,
Pine Bush Central School District,
Valley Central School District,
Wallkill Central School District,
Warwick Valley Central School District,
Washingtonville Central School District.
Primary consideration will be given to
graduating high school students who
have completed an Eagle Scout Project
and will be attending college. For more information about
the Scholarship or to donate,
please visit www.cfoc-ny.org
or call 845-769-9393.
WALDEN SAVINGS BANK CONTINUES CONTRIBUTION TO FOOD BANK OF THE HUDSON VALLEY
Walden Savings Bank continues support of local nonprofit organizations with this year’s Ornament Campaign donation of $4,000 to Food Bank of the Hudson Valley.
Every year, Walden Savings Bank employees, along with customers, participate in the food bank’s annual campaign where paper ornaments were purchased at each branch location for $1 each from Thanksgiving until the New Year. In matching each donation, Walden Savings Bank this year provided 16,000 meals to families.
“Food Bank of the Hudson Valley plays a vital role in helping families get what they need most,” said Derrik R. Wynkoop, president and CEO of Walden Savings Bank. “The holiday season can be a tough time for families in need and we’re pleased to do our part in bringing joy this time of year.”
Working in partnership with the food industry, the Food Bank collects large donations of unmarketable but still edible food, and distributes it to charitable agencies feeding hungry people in a six county region. Today, the Food Bank of the Hudson Valley, in conjunction with the Regional Food Bank of Northeastern New York, serves over 1,000 member agencies in 23 counties from the Canadian border to the Westchester border.
WALDEN SAVINGS BANK EMPLOYEES ADOPT 10 LOCAL FAMILIES FOR THE HOLIDAYS
Walden Savings Bank participated in this year’s Salvation Army “Adopt-A-Family” campaign, making the holidays a little brighter for 10 local families. The Adopt-A-Family program matches impoverished families with individual or group sponsors to provide their tangible needs at Christmas. Many adoptees are referred by social workers who help deserving families complete an application and compile a wish list. The Salvation Army then matches the family with a donor and ensures they receive the gifts and food before Christmas. Walden Savings Bank provided a $25 ShopRite Gift Certificate for each of 10 families and employees donated presents for each member of each family including 30 children. “Walden Savings Bank is dedicated to serving our community,” said President and CEO Derrik R. Wynkoop. “We are proud to help make the holidays a little brighter for these deserving families and our employees’ generosity can only be matched by their enthusiasm for this effort.”
WALDEN SAVINGS BANK PARTICIPATES IN MARCH OF DIMES BLUE JEANS FOR BABIES CAMPAIGN
Walden Savings Bank participated in this year’s March of Dimes “Blue Jeans for Babies” campaign and, as a result, raised $1,518 for the cause.
Throughout the month of November, Walden Savings Bank employees purchased t-shirts and other items and enjoyed a Casual for a Cause Day on Friday, Dec. 2 to raise funds for the annual campaign. Walden Savings Bank hosts a Casual for a Cause Day each month for numerous nonprofit agencies, including American Heart Association, American Cancer Society and Safe Homes of Orange County.
According to the National Center for Health Statistics, 12 percent of births in the United States were premature in 2010. Though that number has been slowly declining in the past few years, it still means that one in eight babies is born too early.
“Walden Savings Bank is dedicated to assisting the March of Dimes in decreasing the number of premature births,” said President and CEO Derrik R. Wynkoop. “The March of Dimes Blue Jeans for Babies campaign is a great cause and we’re very proud that our employees have responded so diligently and enthusiastically.”
WALDEN SAVINGS BANK’S BRANCH TO MAKE BIG-SCREEN DEBUT
Walden Savings Bank’s Florida branch has a starring role in the upcoming movie, “Franny”. Located at 95 North Main Street in the Village of Florida, the bank was selected as the setting for a scene in the comedy film.
On Sunday, November 20, award-winning director/producer Ash Christian led his talented cast and crew into the 3,500 square-foot facility for a full day of filming. The location had just celebrated the one-year anniversary of its official ribbon-cutting on Nov. 19, 2010.
“The site selection committee for the movie appreciated the traditional look of our Florida branch and inquired about its availability,” said Walden Savings Bank President and CEO Derrik R. Wynkoop. “We worked out an arrangement that the film would pay a fee for use of the branch and Walden Savings Bank would use that fee as a donation to the local community. It’s a win-win situation.”
Walden Savings Bank received $500 from the film’s production company and donated all of the funds to the Florida Food Pantry. One of the largest community banks in the Hudson Valley, Walden Savings Bank contributes tens-of-thousands of dollars and manpower to local community organizations every year.
In addition to the renowned director/producer Christian, “Franny” features many well established actors including Steve Howey (“Something Borrowed”) and Frances Fisher (“Titanic, “The Lincoln Lawyer”) among many others. The film’s plot center’s around a woman, Franny Peterson, who meets the ‘man of her dreams’ while waiting on line at a bank. He happens to be robbing the bank and takes her hostage. The film is expected to debut in 2012.
WALDEN SAVINGS BANK’S SCHOOL SAVINGS PROGRAM CELEBRATES 15 YEARS
On Tuesday, Nov. 1, Walden Savings Bank joined Walden Elementary School in celebrating its fifteenth year of the School Saving’s Program, which teaches children in the community the value of saving money through fun, interactive and age-appropriate activities.
Active in 12 elementary schools in Orange County, the School Savings Program involves children of all grades. The older students assist the younger ones in managing their accounts in a school-wide “bank,” such as W.E.S.—Walden Earn & Save.
Walden Savings Bank President and CEO, Derrik Wynkoop, and his wife, Allison, were present at the event; Allison was the program coordinator for Walden Elementary school for several years, and the Wynkoops have several close ties to the district.
“This program is such a great asset to the parents, teachers and children of our community,” said Wynkoop. “It’s great to be able to celebrate such a milestone along with Walden Elementary—my own children were students here, and I’m so proud to be a part of this continuing tradition.”
Also in attendance Tuesday were Walden Elementary School Assistant Principal, Jane Malley; school coordinator for the program, Brenda Duff; Walden Savings Bank School Savings Program coordinator, Virginia Madorma, and of course the students, who took part in the program.
WALDEN SAVINGS BANK MAKES DONATION TO AMERICAN HEART ASSOCIATION IN NAME OF PAST PRESIDENT
Walden Savings Bank has announced a special honorary donation to the American Heart Association in memory of its past president and CEO David Cocks.
On Tuesday, Oct. 25, the entire Walden Savings Bank executive team, directors and support staff dressed in red at its all-staff meeting at the Village of Montgomery Senior Center in the name of their former leader who passed suddenly in June. Employees raised $650 as a “Tribute to David Cocks.”
President and CEO Derrik R. Wynkoop said, “The American Heart Association plays a great role in heart disease awareness and overall health improvement in the lives of those in our community. The cause truly hits home with all of us here at Walden Savings Bank and we’re proud to be a part of the mission to promote healthy living within our market area.”
Bank Transfer Day
November 5, 2011 is “Bank Transfer Day,” and thousands of Americans are behind the movement to protest big banks and show their discontent for their ever-increasing fees and decrease in level of customer service.
This trend has continued to grow exponentially in the past few weeks, but Walden Savings Bank feels leaving one bank for another should be a financial decision, not a social one. If you are planning on leaving your ‘big bank’, we want you to be headed in the right direction—to somewhere that can provide you with exactly what you need and are seeking in a bank.
“At Walden Savings Bank we aren’t just a business, we’re your friends and neighbors—that’s what makes us different,” explains President and CEO, Derrik Wynkoop. “We know what everyday families and local business go through during hard times; and we are committed to providing them with extraordinary service and, of course, never taking for granted their loyalty to us.”
We know you have a choice when it comes to banking and Walden Savings Bank is appreciative for your business and proud to be a part of your community. If you have a friend, family member or colleague that’s looking to make a move on Bank Transfer Day or any other day, we hope you bring them into the Walden Savings Bank Family.
WALDEN SAVINGS BANK PROMOTES TERWILLIGER
Walden Savings Bank has promoted Catherine Terwilliger to the position of Executive Vice President and Chief Operating Officer. Terwilliger’s promotion takes effect immediately.
Terwilliger served as Interim President after the passing of David T. Cocks in June and before Derrik R. Wynkoop took the reins as President and Chief Executive Officer this month. She had started with Walden Savings Bank in 2004 as Vice President and Chief Financial Officer and was promoted to Senior Vice President and Chief Financial Officer in 2005. In 2009, Terwilliger was promoted to Senior Vice President and Chief Operating Officer.
“Promoting Catherine to Executive Vice President is a reflection of her exceptional leadership abilities, her valuable skills and her importance to Walden Savings Bank,” Wynkoop said. “She will be an important force in the direction of this bank’s future.”
At Walden Savings Bank, Terwilliger formalized and enhanced the Accounting and Deposit Operations areas and developed a separate Bank Secrecy Act Department to properly manage the bank’s compliance responsibilities in that area. Before coming to Walden Savings Bank, Terwilliger was Vice President and Controller for Putnam County Savings Bank from 1998 to 2004 and Vice President and Controller for MSB Bank from 1994 to 1998 and has held many other banking positions prior to that.
“I am honored to be a part of Walden Savings Bank,” Terwilliger said. “I am proud of the bank’s commitment to the community and appreciate being a part of such a successful financial institution.”
WALDEN SAVINGS BANK APPOINTS WYNKOOP PRESIDENT, CEO
Walden Savings Bank’s Board of Directors has appointed Derrik R. Wynkoop president and chief executive officer. Wynkoop will assume his duties Sept. 16, 2011.
Wynkoop is Hudson Valley Federal Credit Union’s vice president of retail delivery and marketing and has been with the credit union since 2004.
“Derrik is a uniquely qualified individual to be our next president and CEO,” said Jeffrey D. Crist, chairman of the board of Walden Savings Bank. “His stellar 20-plus years of banking, both on the marketing and the financial sides of the business in the Hudson Valley and his closeness to the community make him an excellent fit for us.”
Wynkoop is taking over for David T. Cocks, who passed away suddenly in June. Catherine Terwilliger, senior vice president and chief operating officer, has been acting as interim president during the search for a permanent successor to Cocks and will return to that role.
For Wynkoop, it is a bit of a homecoming. He was an assistant treasurer with Walden Savings Bank from 1988 to 1990 and had been a close friend and colleague of Cocks for years.
“John Garrison (former chairman, president and CEO) and Dave Cocks took a chance on me when I was coming out of college so they both have a special place with me,” Wynkoop said. “I am thrilled and honored to continue the hard work and the legacy that those gentlemen have brought to Walden Savings Bank and the community.”
During his seven-year tenure with Hudson Valley Federal Credit Union he has also held positions of vice president of retail delivery (2007-’11) and chief financial officer (2004-’07). Before that he was with Walden Federal Savings & Loan Association, where he was chief financial officer. Wynkoop has also been an adjunct lecturer at both Marist College and Mount Saint Mary College.
In the community, he has been treasurer of the Community Foundation of Orange and Sullivan County since 2002, treasurer of SUNY Orange Educational Foundation since 2010 and vice president of Wallkill Valley Health Center since 1996.
Five generations of Wynkoop’s family have lived in Walden and Wynkoop currently resides there with his wife and three children. He received his bachelor of science, marketing concentration (1987) and master of business administration, accounting concentration (1992) from Marist College.
Official Statement from Walden Savings Bank Board of Directors
“We are shocked and deeply saddened by the passing of Dave Cocks, a truly extraordinary man. He was a visionary leader, a devoted husband and father and a passionate supporter of the community. Walden Savings Bank’s board of directors and employees mourn his loss. His legacy of leadership, integrity and compassion will endure forever at our bank where he worked for 33 years. We extend our sympathies to his family, particularly his wife Janice and two children, Samantha and Brian, who meant everything to him.”
PB Relay For Life A Success
The Pine Bush Relay for Life took place on June 5 & 6 and was a great success. Walden Savings Bank was a CURE SPONSOR and raised $7,090. Overall the event raised approximately $158,000. Over the past six years the Pine Bush Relay has raised over 1 million dollars for the American Cancer Society.
5th Annual HV Restaurant Week
Walden Savings Bank is pleased to announce its support of the 5th Annual Hudson Valley Restaurant Week.
World-class dining at bargain prices awaits restaurant goers in the Hudson Valley region during the fifth annual Hudson Valley Restaurant Week, March 14-27, 2011. This enormously popular multi-county culinary extravaganza runs 14 full days, making it even more tantalizing to those looking to combine gourmet dining in the Hudson Valley with a relaxing weekend getaway. During the two-week event, participating restaurants offer prix-fixe three-course dinners at $28 (excluding beverage, tax and tip) and many offer three-course lunches at $20.
For more information, please visit www.hudsonvalleyrestaurantweek.com.
WALDEN SAVINGS BANK PROMOTES SPIELER TO VICE PRESIDENT
Walden Savings Bank has announced the promotion of Human Resources Director Pamela Spieler to Vice President – Human Resources.
“Pam brought creative new ideas and practices to Walden Savings Bank and has done an outstanding job since she joined us in March,” said WSB President and CEO David Cocks. “She’s quickly become a key member of our management team and we’re very glad Pam joined us. This promotion reflects her hard work and valuable contributions.”
Before joining Walden Savings Bank, Spieler was Director of Human Resources and Risk Management with Families First New York Inc., a nonprofit organization that provides administrative and management support to charities and community organizations. She also was an independent business coach and consultant for more than three years.
Prior to these positions, Spieler was a human resources manager for Home Depot’s largest Hudson Valley store. Her first position in the HR field was as business administrator, human resource manager and compliance leader with ACN Group Inc., a division of United HealthGroup.
Spieler, a resident of Pleasant Valley, N.Y., received a bachelor’s degree from Marist College and is studying for an MBA at the University of Albany. She has received a Professional in Human Resources certification and is a member of the Society of Human Resource Management. Spieler is also a member of the Mid-Hudson Human Resource Association and a graduate of the CEP Program for Personal and Corporate Coach Training.
WALDEN SAVINGS BANK NAMES EDWARD F.X. GALLAGHER JR. TO BOARD OF DIRECTORS
Walden Savings Bank, a community bank serving Orange and Ulster counties, today announced the appointment of Edward F.X. Gallagher Jr. to the bank’s board of directors.
“Ed Gallagher and his family’s companies are well known in the Hudson Valley area and we’re very excited to have him on the board,” said David Cocks, President and CEO of Walden Savings Bank, which operates 11 branches.
“Ed already has provided valuable insight since he joined us during September,” Cocks said. “We’re pleased that we will have him on our team for years to come. Walden Savings Bank is committed to serving the needs of residents and businesses in our local communities, and local connections like the ones Ed and his family provide are a key part of our ability to stay connected to those communities.”
Gallagher is the President of Leprechaun Companies, a third-generation, family-owned bus and transportation company based in Newburgh, N.Y., that operates through four subsidiaries: Leprechaun Lines Inc., Hendrick Hudson Bus Lines Inc., Newburgh Beacon Bus Corp. and Gallagher Bus Service. He also was an owner of Gallagher Truck Center Inc., a truck dealership he sold in 2007 to focus on his family’s passenger transportation companies.
Gallagher is one of the co-founders of the International Motorcoach Group, which brings together approximately 50 independently owned bus companies in the United States and Canada to market services globally and increase their purchasing power.
Gallagher is very active in Hudson Valley civic and business organizations, including Orange County Citizens Foundation, Mid-Hudson Patterns for Progress, Catholic Charities of Orange County, Most Precious Blood Church and Most Precious Blood Regional Catholic School.
Gallagher lives in Walden with his wife, Mary Jane, and four children.
WALDEN SAVINGS BANK BREAKS GROUND AT NEW FLORIDA BRANCH
Walden Savings Bank recently broke ground on what will be its 11th branch location at 95 North Main St. in the Village of Florida, N.Y. Construction is under way and the community bank’s newest branch is expected to open this summer.
Walden Savings Bank President and CEO David Cocks stated, “This is a sure sign of growth for the Florida community and for Walden Savings Bank. We are excited to offer personalized and business banking services to Florida and its surrounding communities.”
Cocks was joined by Village of Florida Village Mayor James Pawliczek, Planning Board Chairman Robert Scott, Building Inspector Adrian Mateosian and WSB Executive Vice President Gill Mackay for the groundbreaking at the new branch location. The 3,500-square-foot facility will feature a drive-up Automated Teller Machine (ATM), a three-lane drive-thru, six teller windows and several customer service and management offices. The branch is also equipped to handle all personal and business banking needs including checking, savings, lending and online banking products and services. Walden Savings Bank currently offers 10 full-service branches throughout the Hudson Valley in Orange and Ulster counties.
The new branch is being built on the former site of the Fink Market. Prior to the demolition of the building, Walden Savings Bank requested that The Florida Historical Society access the building and preserve any architectural elements it deemed valuable. Additionally, Walden Savings Bank donated $2,500 to the organization earlier this year. The funds will be used to restore the birthplace of William Henry Seward, former Governor of New York State and U.S. Secretary of State.