April Monthly Roundup

Smith & Wilkinson has been retained by East Cambridge Savings Bank (“ECSB,” www.ecsb.com) to manage the search for the bank’s next Vice President, Senior Human Resources Manager. Headquartered in Cambridge, Massachusetts, ECSB is a mutually chartered community bank with $1.6 billion in assets and 11 branches serving the Greater Boston area. With 169 years of history and a reputation for exceptional financial strength, stability, and community commitment, the Bank continues to invest in its people, culture, and organizational infrastructure to support long-term growth.

The VP, Senior Human Resources Manager will oversee the full range of HR functions, including employee relations, talent management and succession planning, recruitment, compensation and benefits administration, payroll operations, learning and development, and Affirmative Action/DEI compliance. As a strategic advisor to senior management, this leader will help shape the Bank’s human capital strategy while ensuring compliance, strong employee engagement, and operational excellence across the HR function. This opportunity is ideally suited for an experienced HR professional with at least seven years of progressive leadership experience and strong interpersonal, analytical, and communication skills.

For more information, please contact Jake Strong, Associate (jstrong@smithandwilkinson.com)

Headquartered in Fairfax, Virginia, Apple was founded in 1956 and has grown to become a $5.3B financial institution with twenty-one retail branches across Northern Virginia. At Apple, earning member trust is the number one priority by providing prompt and caring service, delivering competitive financial services, making products and services easy to understand and use, and positively impacting the communities it serves.

Under general supervision, the VP of Internal Audit is responsible for supervising and coordinating internal audits designed to protect the assets of Apple Federal Credit Union. The Internal Audit Department measures and evaluates the effectiveness of organizational controls and verifies operations are in compliance with federal regulations as well as credit union policies and procedures. The VP of Internal Audit oversees the Compliance and Internal Auditors, who are responsible for verifying operations are in compliance with federal regulations as well as credit union policies and procedures.

S&W is proud to partner with Tyndall Federal Credit Union (TFCU) to manage the search for the credit union’s SVP, Chief Financial Officer (CFO). Headquartered in Panama City, FL, TFCU is a $1.9B, not-for-profit credit union serving more than 113,000 members across the Florida Panhandle and Southern Alabama. Under the leadership of President & CEO John Parillo, the credit union is focused on long-term sustainability, digital innovation, and delivering exceptional value to its members through operational excellence.

Reporting directly to the President & CEO, the Chief Financial Officer serves as the organization’s financial steward and plays a pivotal role in shaping and executing the financial strategies essential to advancing Tyndall’s mission of making a meaningful difference in the lives of its members. As a key member of the Executive Leadership Team, the CFO oversees all financial operations of the credit union, ensuring strong financial performance, regulatory compliance, and a disciplined, forward-looking financial strategy. The CFO works closely with the President & CEO to guide long-term financial planning, support sustainable growth, and preserve Tyndall’s financial strength and value-driven operating model.

This high-impact role requires a strategic and analytically rigorous leader who can effectively balance growth, risk management, and operational efficiency while supporting Tyndall’s digital-first vision and ongoing commitment to exceptional member value. Strong expertise in financial planning and analysis, asset-liability management, regulatory reporting, and organizational performance optimization is strongly preferred, along with experience in the banking or credit union industry. This opportunity is well suited for a visionary, mission-driven financial leader who thrives in a collaborative executive environment.

For a confidential conversation, please contact Moriah Callahan, Partner & Director of Recruiting, Financial Services, or Cameron Boyd, Managing Partner, Financial Services.

S&W has been retained by Northeast Bank to manage the search for the bank’s first SVP, Director of Specialty Banking.

Northeast Bank is a high-performing publicly traded bank founded in Maine in 1872 and acquired by its current ownership group in 2010. The bank’s business strategy is to originate and acquire commercial real estate loans and originate small business loans, nationally. The bank primarily funds its balance sheet with deposits sourced through its retail branch network in western, central, and southern Maine; government and municipal banking customers; national lending customers; and ableBanking, a division of the bank. Northeast Bank has experienced significant growth and currently has $4.9B in total assets and is in exceptional financial condition with strong earnings, efficiencies, asset quality, and capital. For the most recent reporting period ending December 31, 2025, the bank has an ROE of 16.61%, ROA of 2.00%, efficiency ratio of 40.8%, past due loans as a percent of total loans of 0.80%, and core capital ratio of 12.21%. The Bank is regulated by the FDIC and the State of Maine Bureau of Financial Institutions.

Reporting to the Chief Retail Banking Officer, the SVP Director of Specialty Banking will be responsible for driving the development of deposit growth through industry expertise, established relationships, and specialized solutions. The incumbent will be responsible for leading strategic growth initiatives and driving new business development within the Specialty Deposit segments. This position focuses on identifying, cultivating, and managing deposit relationships with clients in industries such as property management, homeowners’ associations, law firms, professional service firms, escrow and title companies, professional fiduciaries, healthcare, and other sectors with complex deposit, cash management, and treasury service needs. We are seeking exceptional vertical banking talent with an entrepreneurial drive for this unique and growth-driven bank leadership role. The ideal candidate is a proven business generator with a portable book of business, deep industry expertise, and an entrepreneurial mindset, capable of building and scaling a specialty deposit franchise within a performance-driven, growth-oriented institution. For additional information, or to arrange a confidential discussion, please contact Julia Crouter, Consultant (jcrouter@smithandwilkinson.com).

42 North Private Bank is seeking a dynamic, strategic, and execution-oriented SVP, Chief Financial Officer to join the senior management team. This leader will serve as a key architect of the Bank’s financial strategy, balance sheet discipline, capital planning, and long-term value creation.

The CFO will move beyond traditional controllership and act as a strategic partner to the CEO and Board, bringing forward-looking insight, analytical rigor, and disciplined financial leadership to support growth, liquidity, and profitability objectives.

This role is ideal for a high-performing executive on a business finance or accounting leadership track who is ready to contribute at the enterprise level.

Smith & Wilkinson is proud to partner with HRCU in leading the search for the Credit Union’s next President & Chief Executive Officer. The longtime President & CEO, Brian Hughes, has announced his intention to retire by the end of this year after a distinguished tenure with HRCU.

Headquartered in Rochester, New Hampshire, HRCU is a state chartered and federally insured credit union with nearly $500 million in assets, serving over 25,000 members across New Hampshire and Southern Maine. Founded in 1962 and rooted in the philosophy of “Neighbors helping Neighbors,” HRCU has evolved from its parish-based origins into a community credit union with five branches and strong digital banking platforms. Backed by consistently strong earnings performance, the organization is well positioned for continued growth.

The Chief Executive Officer will serve as the senior executive leader of the Credit Union, reporting directly to the Board of Directors and responsible for the overall strategic direction, operational effectiveness, financial performance, and cultural health of the organization. The CEO will lead the development and execution of strategic plans aligned with HRCU’s mission, values, and long-term goals, while supporting sustainable growth, operational soundness, and a strong organizational culture. This individual will oversee enterprise-wide performance, while advancing initiatives related to digital transformation, product and service innovation, member growth and experience.

This highly visible role calls for a strategic and forward-thinking executive to build upon HRCU’s strong foundation and lead the organization through its next phase of growth, while remaining grounded in the Credit Union’s mission, culture, and enduring commitment to its pillars of People First, Doing Things Right, Flexible Service and Community Driven.

For a confidential conversation, please contact William Wegener, Consultant, Financial Services, or Cameron Boyd, Managing Partner, Financial Services.

Smith & Wilkinson has been retained by $1.9B MountainOne/Mechanics Cooperative to lead the search for an SVP, Operations. Following the regulatory approval and completion of the merger of their parent companies on 1/1/26, the combined organization represents approximately $1.9 billion in assets and is building a scalable mutual holding company structure designed to support future growth. As two high performing, well capitalized institutions come together, MountainOne/Mechanics Cooperative is seeking a senior operations executive to lead the integration of loan operations, deposit operations, and eBanking across both banks while establishing a strong, unified operational foundation.

Reporting directly to the President and Chief Executive Officer of the holding company, the SVP, Operations will oversee loan operations, deposit operations, eServices, and related shared services functions. The role will lead the operational integration of MountainOne Bank and Mechanics Cooperative Bank, evaluate and standardize systems and workflows, enhance digital capabilities and core platforms, and serve as the primary liaison with key vendors. This executive will play a visible leadership role, partnering with senior management and presenting to the Board, while mentoring and developing the next generation of operational talent.

The role is ideally based in North Adams, MA, with regular presence in Taunton, MA. Candidates based in Taunton will be expected to spend meaningful time in North Adams to support integration efforts and team leadership.

The ideal candidate is a seasoned bank operations leader with significant experience overseeing loan and deposit operations in a community or regional banking environment. Experience navigating mergers, conversions, or complex system integrations is strongly preferred. This individual will bring a disciplined, process driven approach to operational excellence, balanced with the leadership presence and strategic perspective required to support a growing mutual organization. They will be equally comfortable in the details of day-to-day operations and at the executive table helping shape long term strategy.

If you are interested in learning more or know someone who might be a good fit, please reach out to Darcy Flaherty or anyone on our financial services team.

S&W has been retained by the Maine Bankers Association (MBA) to lead the search for its next President.

The MBA is a statewide trade organization representing the interests of Maine’s banking industry. Organized as a 501(c)(6) nonprofit, the Association provides advocacy, education, and strategic resources to support the strength and vitality of its member institutions and the communities they serve. With combined assets exceeding $42 billion, Maine’s banking industry plays a critical role in supporting economic development and financial stability throughout the region.

The Association serves as the unified voice of Maine’s banking industry in legislative and regulatory matters at both the state and federal levels. In addition to advocacy, MBA provides professional development programs, industry forums, regulatory and compliance support, and a range of endorsed services designed to strengthen the operational effectiveness of member institutions.

MBA also operates through several affiliated entities that support member banks and expand the Association’s service offerings, including Association Services Inc., Community Bank Insurance Agency, and two trust organizations that administer employee benefits and creditor insurance programs for participating institutions.

The Association now seeks a dynamic and strategic leader to guide MBA through its next chapter of industry advocacy, member engagement, and organizational growth. Contact Moriah Callahan or Cameron Boyd to learn more about this impactful leadership role.

Smith & Wilkinson has been retained by First Bank to lead the search for a Regional Manager overseeing the Southern New Jersey and Pennsylvania markets. First Bank is a publicly traded, relationship-driven community bank headquartered in Hamilton, New Jersey, with almost $4 billion in assets and a growing footprint across New Jersey and Pennsylvania. Founded in 2008, the bank has expanded through a combination of organic growth and strategic acquisitions, including its recent acquisition of Malvern Bank. First Bank operates with a strong community banking philosophy, emphasizing long-term client relationships, entrepreneurial culture, and a nimble operating model. The organization is known for its strong financial performance, including an efficiency ratio in the high-50% range, reflecting a disciplined and well-managed operation.

The Regional Manager will be responsible for leading a multi-branch retail region, with full accountability for financial performance, team leadership, and business development. This individual will serve as a player/coach, driving deposit growth, the primary objective of the role, while coaching and developing branch leaders to build a high-performing, relationship-focused culture. The role offers significant visibility within the organization and the opportunity to play a key role in strengthening and growing an important market for the bank.

For additional information, please reach out to Jake Strong, Associate, or Cameron Boyd, Managing Partner.

Due to a planned leadership transition, S&W has been retained by QNB Corp., the holding company of QNB Bank (OTCQX: QNBC, “QNB”), to manage the search and selection process for the bank’s next President.

Established in 1877, QNB is a full-service community bank headquartered in Quakertown, Pennsylvania and serving business and consumer customers primarily in the economically vibrant counties of Bucks, Lehigh, and Montgomery. Today, QNB has approximately $1.8 billion in total assets. In September of 2025, QNB entered into a strategic merger agreement with Victory Bank that will bring total assets to approximately $2.4 billion, and which is expected to close in Q1 of 2026. The bank is in strong financial condition, with its recent financial performance driven by growth in NIM, loans, and deposits. For the Period ending 9/30/25, QNB had a NIM of 2.93, ROA of 0.91, ROE of 13.35, efficiency ratio of 62.89, noncurrent loans to loans of 0.72, and core capital of 9.75. The bank has an approximately $1.2 billion loan portfolio, $1 billion of which is secured by commercial real estate and 1-4 family real estate, and strong core funding and cost of funds to support its lending activities.

QNB offers a full suite of business and consumer banking products and services, delivered through 12 retail locations as well as online and mobile solutions. Additionally, the bank offers Investment solutions through QNB Financial Services, an LPL affiliate, with the aim of supporting the total financial relationship of its customers. Beyond financial performance and the products and services that it offers, at the core of QNB’s success is its 200+ employees, many of whom have enjoyed long careers with the bank, and team-oriented corporate culture. With stability and longevity as hallmarks of the bank’s culture, it has had only 7 Presidents since its founding in 1877.

We are seeking exceptional banking talent for this unique, public bank leadership opportunity. For additional information, or to arrange a confidential conversation, please contact a member of the S&W search team: Moriah Callahan, Partner & Director of Recruiting (mcallahan@smithandwilkinson.com) or Cameron Boyd, Managing Partner (cboyd@smithandwilkinson.com).

S&W has been retained by Citadel Credit Union to lead the search for the newly created Director of Member Growth & Retention, a highly strategic role at a pivotal time for the organization.

Citadel, a ~$6.6B member-owned credit union serving more than 285,000 members across the Greater Philadelphia region, is entering an exciting new phase of growth following its recent charter conversion to expand access and support responsible growth. As one of the region’s largest locally based financial institutions, Citadel is focused on deepening member relationships while continuing to deliver accessible, affordable, and convenient financial solutions.

This newly created role will play a key role in deepening member relationships and strengthening Citadel’s position as its members’ primary financial institution. The Director of Member Growth & Retention will lead strategies across onboarding, engagement, and lifecycle management. Partnering closely with marketing, digital, and product teams, the Director will drive product adoption, reduce attrition, and enhance the overall member experience through data-driven insights and thoughtful program design.

Contact Moriah Callahan or Jake Strong to learn more about this unique opportunity to shape the member growth strategy of this forward-thinking, community-focused Credit Union.

S&W has been retained by Hanscom Federal Credit Union (“HFCU”) to lead the search for the newly created SVP, Enterprise Integration & Transformation, a highly strategic role at a pivotal time for the organization.

HFCU, a ~$2.2B member-focused credit union serving more than 106,000 members across Massachusetts, Maryland, and Virginia, is entering an exciting period of sustained growth and transformation. Following its recent acquisition of The Peoples Bank and planned merger with Alden Credit Union, the organization is expanding its geographic footprint and capabilities while preparing for a core system conversion in 2027, an initiative critical to its long-term scalability and success.

This newly created role will provide end-to-end leadership of HFCU’s core system conversion, with a strong focus on aligning stakeholders and driving cross-functional collaboration to ensure successful planning, execution, and post-implementation stabilization. Reporting to the Chief Strategy Officer, the SVP will coordinate efforts across the enterprise and with external partners, while also supporting broader M&A integration initiatives. This individual will play a key role in positioning HFCU for continued growth while delivering a seamless, high-quality member experience.

The ideal candidate will bring a track record of leading large-scale core system conversions, along with a strong understanding of enterprise integration planning and proven execution. Equally important is the ability to drive alignment across a broad set of internal and external stakeholders, ensuring cohesion across business units, partners, and vendors throughout complex, enterprise-wide initiatives. A collaborative, pragmatic approach and the ability to operate effectively in dynamic, evolving environments will be critical to success in this role.

Contact Moriah Callahan to learn more about this unique opportunity to help shape the future of a growing, mission-driven credit union.

On March 1, 2022, NEFCU and Vermont State Employees Credit Union announced their plan to merge and form EastRise Credit Union. The combined organization will continue to be the largest credit union in Vermont and has nearly 450 employees, $3.1B in total assets, and over 175,000 members. Today, EastRise Credit Union is a leading consumer and commercial financial institution with sixteen retail branches throughout Vermont and serving members across the country.

As a Senior Commercial Lender at EastRise Credit Union, this role is responsible for driving the strategic growth of commercial loan and deposit portfolios while supporting the financial well-being of the communities we serve. With at least 5-8 years of commercial lending experience, the position focuses on originating and managing complex credit relationships, expanding business through proactive networking and community engagement, and deepening existing member partnerships. The role serves as a visible and trusted representative of EastRise, embodying its mission and values both professionally and personally, while maintaining accountability for portfolio performance, risk management, and long-term relationship development.

Smith & Wilkinson is proud to partner with USALLIANCE Financial to manage the search for the Credit Union’s next Vice President of Consumer Lending. Headquartered in Rye, NY, USALLIANCE is a full service, not-for-profit financial institution with nearly $3.5 billion in assets, serving more than 190,000 members nationwide. USALLIANCE has built a reputation for innovation, exceptional service, and a deep commitment to its members and communities.

The VP of Consumer Lending will play a key role in fostering an engagement driven lending platform that strengthens member relationships and supports sustainable growth. This leader will shape strategy, enhance processes and automation, and elevate team performance while maintaining strong credit quality and alignment with organizational goals.

The ideal candidate will bring a blend of strategic vision and hands on leadership and possess expertise across consumer lending products, credit performance, and risk management.

We are seeking an engaging and visible leader, capable of energizing teams, fostering collaboration, and driving innovation in a rapidly evolving lending landscape.

For a confidential conversation, please contact William Wegener, Consultant, Financial Services, or Cameron Boyd, Managing Partner, Financial Services.

Smith & Wilkinson has been retained by Coastal Heritage Bank to manage the search for a Vice President, Residential Lending Team Leader.

Headquartered in Weymouth, Massachusetts, Coastal Heritage Bank is an approximately $950MM mutual institution serving communities across southeastern Massachusetts. The bank is the result of a series of mergers among like-minded community institutions, combining a strong local presence with a more modern and scalable platform. Today, Coastal Heritage operates a network of retail locations on the South Shore of Boston and continues to invest in its people and product capabilities to support long-term growth.

As part of a broader strategic initiative, the bank is evolving its balance sheet and lending mix. While commercial lending remains a key driver of growth, residential lending continues to be an important part of the franchise, with a renewed focus on originating loans for sale into the secondary market. This role will play a central part in that strategy.

Reporting to the Chief Lending Officer, this individual will serve as a producing leader responsible for driving mortgage production, managing a team of MLOs, and enhancing the bank’s secondary market execution. The role operates in a player-coach capacity, with the opportunity to generate personal production while helping to build a more scalable residential lending platform over time.

The ideal candidate will be a proven mortgage originator with strong ties to the local market and established referral and broker relationships. Experience with secondary market execution, including familiarity with jumbo and adjustable-rate products, will be important as the bank looks to expand its capabilities and optimize loan sale channels.

This is a highly visible role offering the opportunity to step into a leadership position, influence strategy, and help shape the future of residential lending at a growing community bank.

For additional information, please contact Cameron Boyd, Managing Partner, Financial Services (cboyd@smithandwilkinson.com) or Darcy Flaherty, Consultant, Financial Services.

S&W is proud to be partnering with Torrington Savings Bank (“TSB”) to manage the search for the Bank’s next Chief Financial Officer.

Headquartered in Torrington, CT, TSB is a 158 year old, $1B, mutually chartered community bank that offers consumer, commercial, and wealth management solutions to customers in western and central Connecticut and beyond. As a mutual savings bank, TSB is conservatively guided, strongly capitalized, safe and secure, and managed according to the best interests of its local communities. TSB’s mutual structure enables it to prioritize customer value over shareholder returns, reflected in attractive rates across its savings and lending products.

For generations, TSB has upheld its founding mission to help consumers save, businesses grow, and communities and employees prosper. The Bank is in excellent financial condition and maintains a strong balance sheet, notably with a core capital ratio of nearly 18%. In addition to its eight retail locations, TSB offers a full suite of mobile and online solutions that allow consumer and commercial customers to bank where they want, when they want.

As a key member of the Executive Management Team, the CFO will partner with the CEO, Executive Management Team, and Board of Trustees to drive strategic direction, optimize financial performance, and ensure the Bank operates within its risk appetite while maintaining strong capital, liquidity, and earnings profiles. The CFO will serve as a trusted advisor to executive leadership and the Board, providing insight into financial performance, balance sheet management, capital adequacy, profitability, and enterprise risk considerations.

We are seeking a strategic financial professional for a hands-on, visible role with direct Board exposure who can drive meaningful impact across profitability, balance sheet optimization, and strategic planning.

For a confidential conversation, please contact William Wegener, Consultant, Financial Services, or Cameron Boyd, Managing Partner, Financial Services.

Franklin Savings Bank is a $917MM mutually chartered bank headquartered in Franklin, NH. With eight retail branches throughout central New Hampshire, the bank provides a comprehensive set of products and services for individual consumers and commercial customers.

This position is responsible for developing and executing a comprehensive retail strategy aligned with the bank’s strategic initiatives, business objectives, and mission. As a member of management, the incumbent assumes responsibility and accountability for the bank’s fiscal operating results.

The incumbent will lead and optimize the bank’s retail operations and sales efforts by ensuring success through effective leadership, focusing on customer experience and operational excellence. This individual is responsible for overseeing and driving the success of the bank’s retail initiatives. This position is accountable for the development and implementation of deposit products, services, and strategies to enhance customer experience and deliver an integrated, omnichannel experience – uniting branch operations, sales programs, digital strategies, and customer service into a single, cohesive experience that deepens trust, loyalty, and long-term growth.

This position is accountable to the President & CEO.

In advance of an upcoming planned retirement, S&W has been retained by Salem Five to partner in the search and selection process for the Bank’s next Chief Human Resources Officer (CHRO)

Salem Five is a full-service financial services company offering commercial and consumer banking, wealth management and trust services, commercial and personal insurance, and mortgage banking. Founded in 1855 as a savings bank for the city of Salem, MA, the organization has grown into a sophisticated and diversified financial services provider, one of the largest independent banks in Massachusetts. Today, the Bank operates more than 30 retail branches, 10 insurance locations and 4 mortgage offices across the region, and employs nearly 700 people. The future is bright. Salem Five is well positioned to continue expanding its market share by building on its proven combination of experienced personnel, high-touch personal service, and strategic innovation.

The next Chief Human Resources Officer will play a critical role in the next phase of the Bank’s evolution, as a strategist, an operational leader, and a consummate thinking partner and confidante to the executive team. The CHRO will develop and execute the human capital strategy, align people operations with business goals, and skillfully manage risk and compliance requirements, leading a growing team of 13, including Talent Acquisition, Employee Relations, Compensation and Benefits, and Learning and Development. Following the planned succession timeline, the CHRO will report directly to the President and CEO as a member of the executive management team.

We are seeking a seasoned and sophisticated Human Resources Executive with a proven track record guiding ambitious, rapidly growing, highly regulated, and operationally complex institutions.

For a confidential conversation, please contact Carll Wilkinson, President & CEO, or Julia Crouter, Consultant, Financial Services Practice.