April Monthly Roundup

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).

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 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.

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.

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.

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.

S&W has been retained by Maine State Credit Union (MSCU) to lead the search for the organization’s SVP, Chief Financial Officer (CFO).

Headquartered in Augusta, MSCU is a ~$787MM, community-chartered credit union serving 37,000 members across eight counties, with a strategic vision to expand statewide. Since its founding in 1935, MSCU has remained committed to helping members build savings and access affordable credit, pairing personal service with modern technology.

Reporting directly to the President & CEO, the CFO will serve as a key member of the executive leadership team and lead the organization’s financial strategy, planning, and performance. This role is critical to supporting MSCU’s continued growth, with responsibility for balance sheet management, financial planning and analysis, treasury and investments, and regulatory compliance. The CFO will oversee all finance and accounting functions, lead and develop the team, and serve as a strategic partner to the CEO, Board, and senior leadership on initiatives including expansion, new products and services, and long-term financial planning.

We’re seeking a strategic, growth-oriented finance executive with a strong background in credit union or banking environments. The ideal candidate is an enterprise-wide partner who can influence across the organization, translate complex financial insights into actionable strategy, and develop high-performing teams. This is an opportunity to join a high-performing, member-focused organization and play a central role in shaping its next phase of growth.

Contact Moriah Callahan, Partner & Director of Recruiting, to learn more about this impactful leadership opportunity.

Smith & Wilkinson has been retained by MountainOne/Mechanics Cooperative to lead the search for their SVP, Retail Banking Officer. Following regulatory approval and the completion of the merger of their parent companies on 1/1/26, the combined organization represents approximately $1.9B in assets and is building a scalable mutual holding company structure designed to support future growth. As two strong, well-capitalized institutions come together, MountainOne/Mechanics Cooperative is seeking a dynamic retail banking leader to drive growth, performance, and a consistent customer experience across the combined franchise.

Reporting directly to the President and Chief Executive Officer of the holding company, the Retail Banking Officer will provide strategic leadership across the branch network and call center, with responsibility for retail sales, deposit growth, customer experience, and frontline performance. The role will play a critical part in the integration of the two banks, aligning processes, standardizing the customer journey, and bringing together best practices from both organizations. This leader will partner closely with operations, marketing, and business development to strengthen core deposit growth, enhance referral channels, including investments, and ensure a cohesive approach to serving customers across all touchpoints.

The Retail Banking Officer will oversee a network of 15 branches across Massachusetts, along with call center operations, and will work closely with existing branch leadership to elevate performance while maintaining strong service standards. This is a highly visible role that requires the ability to lead through change, unify teams across different brands and cultures, and build momentum in a competitive market environment.

The role is based in Taunton, MA, with regular travel across the branch footprint, including North Adams.

The ideal candidate is a proven retail banking executive with a strong track record of driving deposit growth, leading sales-focused branch teams, and delivering a high-quality customer experience. Experience managing through integration, change, or multi-brand environments is highly valued. This individual will bring energy, accountability, and a clear ability to rally teams, while balancing service excellence with a strong focus on revenue and growth.

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

S&W has been retained by Northeast Bank to manage the search for the bank’s first VP, Commercial Deposit Relationship Manager.

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 $5.0B in total assets and is in exceptional financial condition with strong earnings, efficiencies, asset quality, and capital. From the most recent reporting period ending March 31, 2026, the bank has an ROE of 21.67%, ROA of 2.43%, efficiency ratio of 35.49%, past due loans as a percent of total loans of 0.64%, and tier 1 capital ratio of 12.95%. The Bank is regulated by the FDIC and the State of Maine Bureau of Financial Institutions.

Reporting to the Director of Treasury Management Services, the Commercial Deposit Relationship Manager will be responsible for generating core commercial deposits by partnering with the National Lending Team to identify prospects and develop a portfolio of high-quality and high-value commercial deposit relationships, focusing on the sale of depository products, cash management and treasury services, remote deposit, online banking, mobile banking, and other related services as appropriate. We are seeking exceptional deposit banking talent with an entrepreneurial drive for this unique and performance-driven role. For additional information, or to arrange a confidential discussion, please contact Julia Crouter, Consultant (jcrouter@smithandwilkinson.com).

NHTrust roots go back to 2002, and the current company was formed in January 2020 when SBW Wealth Management and The New Hampshire Trust Company merged with MillRiver Wealth Management. MillRiver was a third subsidiary of New Hampshire Mutual Bancorp established in 2015. The combined entity changed its legal name to New Hampshire Trust. In total, NHTrust has $1.4 billion of assets under management and administration.

The SVP Senior Wealth Advisor Identifies and solicits investment and wealth management business from existing clients and potential clients through advertising campaigns, mailing lists, and referrals from bankers, centers of influence and existing clients and from personal contacts. This position includes a specific focus on high-net-worth individuals, institutions such as cities and towns and not for profit entities. Produces revenue from this activity to meet expectation of published annual performance goals.

Founded in 1963 as The Maine Credit Union League Insurance Trust, CU Insurance Solutions is a credit union owned insurance agency serving credit unions and their members across Maine, New England, and surrounding markets. Established by Maine’s credit unions to provide insurance solutions tailored specifically to the cooperative financial services industry, the organization has evolved over the past 60 years into a trusted provider of insurance and protection products for the credit union community.

As a Credit Union Service Organization (CUSO), CU Insurance Solutions is governed by a board of managers comprised entirely of credit union professionals and remains closely aligned with the values and mission of the credit union movement. The organization is committed to providing high-quality service, practical guidance, education, and insurance solutions that support the evolving needs of its credit union partners.

The President & Chief Executive Officer serves as the senior executive leader and is responsible for the strategic direction, operational performance, financial strength, and long-term growth of the organization. Reporting directly to the Board of Managers, the CEO serves as a visible representative of the organization, working closely with the Board, credit union leaders, insurance carriers, and industry partners to strengthen existing relationships, identify new growth opportunities, and position the organization for continued success in an evolving marketplace.

We are seeking a strategic and relationship driven executive who will lead organizational growth, maintain strong operational performance, and continue to foster a highly collaborative culture with an enduring commitment to the CU Insurance Solutions core values of Passion, Integrity, Partnership, Respect, and Education.

Smith & Wilkinson is proud to partner with Norway Savings Bank (“NSB”) in leading the search for the Bank’s first SVP, Innovation & Efficiency Officer.

Established in 1866, Norway Savings Bank is a well-respected, $2 billion, state-chartered mutual bank with deep roots in the communities it serves. With over 300 full-time employees and 25 branch locations throughout Maine and New Hampshire, NSB is the 8th largest bank headquartered in Maine. The Bank maintains a robust financial position with nearly a 14% Tier 1 capital and a $1.5 billion loan portfolio. NSB delivers a comprehensive suite of consumer and business banking services, including deposit and lending solutions, and offers investment management and trust services through its Asset Management Group. With modern digital banking tools, NSB combines the convenience of anytime, anywhere banking with the local decision making and personalized services which define a true community bank.

Reporting to the President & CEO, the SVP, Innovation & Efficiency Officer serves as a key member of the executive leadership team and is responsible for advancing operational effectiveness and strategic transformation across the Bank. This newly created role provides leadership for the Business Intelligence, Project Management, and Digital Banking Administration functions while fostering a culture of continuous improvement and thoughtful innovation. The successful candidate will partner closely with senior leaders and business line stakeholders to identify opportunities to enhance processes, better leverage technology investments, and position the Bank for sustained growth and exceptional client service.

We are seeking an influential and relationship-oriented leader who combines strategic vision with a practical, hands-on approach to execution while preserving the collaborative culture, community focus, and employee-first values that have defined Norway Savings Bank as one of Maine’s premier financial institutions for more than 160 years.

Smith & Wilkinson has been retained by Quincy Credit Union to lead the search for the organization’s first Chief Information Officer (CIO). Founded in 1937, Quincy Credit Union is a growing, member-focused financial institution serving nearly 40,000 members across the South Shore and Greater Boston region. Headquartered in Quincy, Massachusetts, with branches in Quincy, Weymouth, and Marshfield, and a new Hanover location opening soon, the credit union continues to execute on a strong growth strategy while maintaining its commitment to exceptional member service and financial strength.

As Quincy Credit Union continues to grow, the organization is seeking a strategic technology leader who can help maximize existing technology investments, strengthen project execution, and elevate technology’s role across the organization. Quincy Credit Union has made significant investments in its core, digital banking platform, and technology partnerships, and is seeking a CIO who can maximize the value of those investments while advancing the organization’s technology strategy.

Reporting directly to President & CEO and serving as a member of the Senior Leadership Team, the CIO will partner closely with leaders across the organization to drive technology strategy, improve governance, enhance vendor partnerships, and support enterprise-wide initiatives. The successful candidate will also play a key role in Quincy Credit Union’s ongoing focus on innovation, automation, and artificial intelligence as the organization continues to position itself for future growth.

This is an exceptional opportunity for a transformational technology executive who enjoys building strong business partnerships, leading organizational change, and creating technology strategies that drive business results. The ideal candidate will bring a combination of strategic vision, project leadership, vendor management expertise, and the ability to develop and lead a tenured team through the next chapter of the credit union’s evolution.

For additional information, please contact:

Darcy Flaherty, Consultant, Financial Services

dflaherty@smithandwilkinson.com

Cameron Boyd, Managing Partner

cboyd@smithandwilkinson.com

S&W has been retained by BankNewport to lead the search for its next Chief Human Resources Officer, a highly visible leadership role at a pivotal time for the organization.

BankNewport is a $3B mutual bank headquartered in Middletown, Rhode Island, with deep roots dating back to 1819 and a strong presence across the state. Under the leadership of President & CEO Jack Murphy, the Bank has experienced meaningful growth, expanding from approximately $1.8B to $3B in assets while investing in technology, commercial banking, people, systems, and organizational infrastructure. BankNewport is known for its relationship-driven community banking model, strong commitment to Rhode Island, and award-winning culture, built around its core focus on Community, Customers, and Colleagues.

The Chief Human Resources Officer will report directly to the President & CEO and lead the Bank’s human resources function across compensation and benefits, talent acquisition and retention, employee engagement, payroll, HR systems, compliance, workforce planning, and organizational development. This individual will serve as a key advisor to executive leadership and the Board on matters including executive compensation, succession planning, employee experience, and organizational effectiveness. The role offers the opportunity to preserve and strengthen BankNewport’s highly regarded culture while continuing to modernize HR practices in support of the Bank’s long-term growth.

Contact Jake Strong or Cameron Boyd to learn more about this unique opportunity with one of Rhode Island’s premier mutual banks.

Smith & Wilkinson has been retained by American Eagle Financial Credit Union (“American Eagle”) to manage the search for the organization’s next SVP Chief Lending Officer (CLO). With $2.7B in assets, $2.3B in deposits, 375 team members, and 168,000 members as of March 2026, American Eagle is the largest community credit union in Connecticut and among the largest in New England. Guided by its mission to enrich the lives of their communities and create a world where financial freedom is a reality, American Eagle is seeking an accomplished lending executive to lead a mature lending organization.

Reporting directly to the President & CEO and serving as a member of the Executive Leadership Team, the CLO will provide strategic leadership for all lending functions and oversee an established team of approximately 40 professionals through four direct reports. The CLO will lead a diverse, high-performing loan portfolio of approximately $1.75B and drive lending strategy, growth, operational excellence, innovation, risk management, and member experience across the organization.

The ideal candidate is an experienced lending executive with broad expertise across consumer and residential lending, and preferably commercial lending. They will bring strong business judgment, a member-focused mindset, and a collaborative leadership style, with the ability to work across the organization to drive growth, identify and implement emerging lending technologies and industry trends, and deliver increasing value to both members and team members. The successful candidate will be an innovative and strategic leader who balances sustainable growth with sound credit discipline in support of American Eagle’s mission and long-term success.

Contact Moriah Callahan, Partner & Director of Recruiting, or Carll Wilkinson, President & CEO, to learn more about this unique leadership opportunity.

Headquartered in Skowhegan, Maine, Skowhegan Savings Bank is a mutual savings bank serving the communities of Kennebec Valley for over 150 years. The Bank has twelve branches that serve central and parts of southern Maine. With total assets just under $845MM, Skowhegan Savings Bank has been committed to taking an active role in making their communities a better place to live and work. As a matter fact, the Bank has been named one of “Maine’s Best Places to Work” year after year.

The selected person will primarily provide financial spreading and tasks related to all types of commercial loan underwriting. He/she will work to support loan officers and will prepare credit related reports for presentation to loan officers or committees by investigating and analyzing complex commercial credit risks. In addition, he/she will make recommendations regarding new deals and modifications to existing credits.