S&W has been retained by MassHousing (www.masshousing.com) to lead the search and selection process for the organization's next Senior Director of Finance.

Created by the state legislature in 1966, MassHousing is a quasi-public agency with the mission of improving the lives of the people of Massachusetts by providing financing for affordable housing. The primary business model of the organization is as a spread lender, raising capital by selling bonds, and using the proceeds from those bond sales to finance low- and moderate-income housing options. As the housing crisis in parts of Massachusetts accelerates, the work being done by MassHousing continues to take on greater meaning. The largest portion of MassHousing's portfolio is in multifamily development, whereby the organization provides financing directly to developers who either build or preserve affordable or mixed-income rental housing. Additionally, the organization maintains a network of conduit banks throughout the Commonwealth for the purpose of financing single family homes. MassHousing both sells these loans to the secondary market servicing retained and manages its own portfolio of approximately $7.1B in loans. As the organization has grown in size, complexity, and in recognition of its capabilities, so have the programs that it administers and initiatives that it leads, including but not limited to The Massachusetts Community Climate Bank ("MCCB"). The MCCB was formed to accelerate investments to decarbonize the state's building sector and promote an equitable transition to clean energy.

Reporting to the Chief Financial and Administrative Officer, the Senior Director of Finance will join a highly motivated, diverse, and collaborative workforce of approximately 350 professionals. This hands-on and highly visible leadership role will primarily oversee the functions of the Finance Division but will also be involved in a broad array of initiatives shaping the important work being done by MassHousing. We are seeking highly skilled and accomplished finance leaders in greater Boston for this unique opportunity. 

For additional information, or to arrange a confidential conversation, please contact a member of the S&W Search Team: Cameron Boyd, Managing Partner (cboyd@smithandwilkinson.com), Julia Crouter, Associate (jcrouter@smithandwilkinson.com), or Felicia O'Reilly, Analyst (foreilly@smithandwilkinson.com). 

Due to their continued success and growth, coupled with a handful of newly created positions, Smith & Wilkinson has been retained by Merrimack Valley Credit Union (MVCU) to manage the search for the credit union’s next VP, Controller. Founded in 1955, MVCU has grown from humble beginnings to become one of the five largest credit unions in Massachusetts. With the recent merger between MVCU and RTN FCU they now sit at nearly $2.4B in assets with over 116,000 members spread across nearly two dozen locations.

Reporting to the EVP, CFO & COO, the VP, Controller will maintain the financial records of the Credit Union in accordance with Generally Accepted Accounting Principles (GAAP), supervise all accounting and financial reporting functions of the Credit Union, and prepare all requisite corporate tax filings. He/she will supervise payroll processing, including supporting documentation, tax payments, audit trails and permanent employee records. He/she will serve as a member of the Credit Union’s Management Team and participate in developing overall company strategy, policies, programs, objectives and goals. This is a highly visible role on the leadership team, and a critical component in ensuring that the Credit Union achieves its financial and operational objectives.

Joining MVCU means being part of a dynamic and growing credit union, engaging in a leadership role with significant impact and visibility, and contributing to the development and execution of strategic initiatives. For a confidential conversation and additional information, please reach out to Nathan Townsend or Darcy Flaherty.

The family office (PCW) either manages directly or is essential in purpose to the financials, accounting, tax planning, investments, estate planning, insurance, banking, personal projects, property management, philanthropic interests, administrative functions, and the relationships associated with the family that are held in multiple Trusts, LLCs, or owned directly in accounts and as real property. PCW intentionally will outsource functions and tasks to selected ‘expert managers’ in certain areas, knowing full-well that any successful outsourcing is only possible with the historical context and detailed information maintained and managed by PCW staff.

Smith & Wilkinson is proud to partner with Acadia Federal Credit Union in the search for their next VP of Lending. Founded in 1963, Acadia FCU has grown to $350 million in assets across eight (soon to be nine!) branches, serving 16,500 members. True to their roots, Acadia FCU remains committed to their mission: "Creating exceptional experiences to enrich your life." Notably, they have been recognized as one of the “Best Places to Work in Maine” in 2022 and 2023, underscoring their dedication to both community and employees.

The VP of Lending, reporting to the EVP,  will direct and coordinate all lending activities within the Credit Union, ensuring compliance with lending policies and regulations (including consumer, mortgage, commercial, and indirect lending). Additionally, they will plan, direct, and coordinate the development of lending policies and procedures to help meet the overall mission of the credit union.

This is an exceptional opportunity to join a community oriented and member-centric organization where you will have a significant impact on the future of the credit union. The VP of Lending will enjoy a strategic role with a seat at the table, shaping the direction and success of Acadia FCU.

For a confidential conversation and additional information, please reach out to Nathan Townsend.

Every organization has a backstory, and Passumpsic Bank’s dates to 1853. A long time, yes, but we make it a point to get younger as we grow older. We’re happy to delve into history over coffee sometime, but we’re more excited about what lies ahead. Our focus is on helping to grow the communities we serve by investing in them economically, socially, and culturally. Passumpsic Bank is a company inspired by that profound opportunity, and we want all of our Team Passumpsic members to feel that inspiration.

The opportunities start within our walls. We want people with drive, passion, and vision to join us. We want every employee who walks through our doors to know the possibilities are endless. We’ve had entry level tellers become executives, including our last president. Yes, the president of the bank. We want more of those stories. If you’re ready to start yours, we can’t wait to meet you.

Today, Passumpsic Bank is indeed a modern, diversified community bank, with total assets approaching $842MM, and ten branch offices on either side of the Connecticut River throughout northeastern Vermont and northern New Hampshire. The bank boasts a Tier 1 Risk-based Capital Ratio of 18.31% (ending 3/31/24). Passumpsic Bank has been named a Top 200 Community Bank in the U.S. by American Banker and a Forbes Best-in-State Bank three years running, currently #1 in Vermont.

In 1998, the Bank created an important division, Passumpsic Financial Advisors. Today, this division has over $377MM in AUM and delivers significant fee income to the Bank. Due to the Bank’s succession planning efforts and continued growth, the position of Senior Trust Officer has been created.

The Senior Trust Officer will be responsible for the administration of personal trust accounts according to the instructions of principals, donors, and beneficiaries by fulfilling requests for distributions, answering questions, and providing tax information.

Due to the upcoming retirement of its longtime Chief Financial Officer, Brattleboro Savings & Loan has retained Smith & Wilkinson to manage the search and selection process for the bank’s next SVP Chief Financial Officer.

BS&L is a $280MM mutual savings bank based in Brattleboro, VT. Being a mutual savings bank means it exists for the benefit of all their depositors, their community, and their employees. Virtually all the funds deposited at BS&L get reinvested back into the surrounding communities, supporting local mortgages, businesses, and consumers. In addition, the bank provides wealth management solutions via their Park Place Financial Advisors division which currently has over $200MM in AUM.

BS&L is also proud to be a Certified B Corporation. It is only the 9th bank in the nation to receive this certification and it signifies that the institution meets the highest standards of ethical practices in four primary areas: Community Benefit, Environmental Impact, Employee Engagement, and Corporate Responsibility.

The Senior Vice President, Chief Financial Officer (CFO) is a critical role at BS&L, reporting directly to the President and CEO. This executive leadership position is responsible for managing the bank's financial actions, including planning, risk management, record-keeping, and financial reporting. The ideal candidate will provide strategic financial guidance to ensure the bank's financial commitments are met, while also implementing policies and procedures that will contribute to its financial health and compliance with the banking regulations.

Due to the planned promotion of the bank's longtime EVP, Chief Financial Officer & Treasurer ("CFO"), Bristol County Savings Bank ("BCSB") has selected S&W to lead the search and selection process for its next SVP, CFO.

Founded in 1846 and headquartered in Taunton, Massachusetts, BCSB is a 159-year-old, mutual community bank that embodies the best of what a community bank can be. For generations the bank has served consumer and business customers throughout southeastern Massachusetts and Rhode Island and beyond, having been a source of financial stability for customers and the communities it serves through good times and bad. As a mutual, BCSB is both governed by its depositors, meaning that every decision that the bank makes is centered on helping families to save, businesses to grow, and communities to prosper, and not on short-term investor demands. Supported by the pillars of stability and balance sheet strength, BCSB is well capitalized, profitable, and efficient and maintains exceptional asset quality. While much of the bank's growth has been organic, in 2020 BCSB acquired Rhode Island-based Freedom National Bank, bringing the total number of full-service retail branches across its footprint to 18. Today the bank has approximately $3.1B in total assets, making BCSB a top-20 bank in Massachusetts by asset size, and offers a comprehensive suite of loan and deposit products for consumers, small and medium sized businesses, and municipalities. As the bank has continued to grow its offerings, in 2017 it formed Bristol Wealth Group. Most importantly, BCSB is an exceptional corporate citizen and in 1996 established its Charitable Foundation as part of the celebration of the bank's 150th Anniversary. BCSB is primarily regulated by the FDIC and the Commonwealth of Massachusetts Division of Banks.

This key, transformational role will report to the EVP, COO and join a collaborative senior leadership team that will lead the bank to its goal of sustained and organic growth throughout the footprint. The CFO will lead and provide support for treasury, accounting, budgeting, tax compliance, risk management and other related financial activities in conformance with Bank policies and procedures. He / She will support and adhere to the Bank’s regulatory compliance objectives and will recommend and implement changes to support prescribed requirements. We are looking for candidates with a deep understanding of forward-thinking finance, liquidity, FP&A, cost accounting, budgeting, forecasting, ALCO, and ALM.

For additional information about this exceptional leadership opportunity, please contact a member of the S&W search team: Nathan Townsend, Partner, Financial Services (ntownsend@smithandwilkinson.com) or Cameron Boyd, Managing Partner, Financial Services (cboyd@smithandwilkinson.com).

Established in 1866, Norway Savings Bank ("NSB," norwaysavings.bank) is a 158-year-old, $1.7B state chartered mutual bank. The bank has 300 full-time employees and at its asset size is the 7th largest bank headquartered in the state of Maine. NSB offers a breadth of both loan and deposit solutions for consumer and business banking customers as well as investment and trust services through its Asset Management Group and operates 24 branch locations in western and southern Maine. While the bank's growth has been primarily organic, NSB also acquired Portland-based Coastal Bank in 2001. NSB is in strong financial condition, notably with over 13% Tier 1 capital, and has an approximately $1.1B loan portfolio, with over $1B secured by real estate. As a mutual bank, the bank is governed by its depositors (there are no shareholders), allowing the bank to take a long-term view of success based on customers, community, employees, and strength of balance sheet. With a full suite of mobile and online banking solutions, the bank is the epitome of a modern community bank, balancing local interests and decision making while allowing customers to bank where they want, and when they want. A fantastic corporate citizen, NSB awarded over $1.05MM to 355 Maine nonprofits in 2023 and its employees volunteered over 4,000 hours.

Established 20 years ago, the bank's Asset Management Group provides trust and investment management services to individuals and families. The 9-person team collectively manages approximately $450MM in assets under management (AUM). This growing business has become vital to the bank's future plans and works collaboratively with internal partners in commercial lending and retail to provide a holistic solution to the financial needs of their customers, as well as with an established network of referral sources. The Trust Officer will inherit a meaningful book of business and join a team-oriented and dedicated group of trust and investment professionals.

For additional information, please contact a member of the S&W search team: William Wegener, Senior Associate (wwegener@smithandwilkinson.com) or Cameron Boyd, Managing Partner (cboyd@smithandwilkinson.com).

Due to an upcoming retirement, S&W has been retained by Newtown Savings Bank ("NSB," http://www.nsbonline.com/) to manage the search and selection process for the Bank’s next SVP, Chief Financial Officer (“CFO”).

Headquartered in Newtown, Connecticut, Newtown Savings Bank is an approximately $1.9B, 169-year-old, mutually chartered community bank. As a mutual bank, the bank is governed by its depositors, allowing it to take a long-term view of success based on a belief in "The Power of Local," which helps families to save, businesses to grow, and the communities it serves to prosper. NSB is a top 10 bank in Connecticut by asset size and was recently named as a Top Regional Bank by Newsweek for 2024. Additionally, NSB was named the top CT-based lender for single-family purchase mortgages in 2023. NSB operates 15 retail locations across Fairfield, Litchfield, and New Haven County and recently updated their technology to best serve customers and businesses alike. NSB is regulated by the FDIC and the State of Connecticut Department of Banking.

Reporting directly to the Bank’s President and CEO and working closely with a collaborative senior leadership team, the CFO will be responsible for the overall financial oversight of the Bank. Key responsibilities include oversight of finance and accounting functions, balance sheet management, financial reporting, management of the secondary market and investment portfolios, and driving organizational profitability. As an integral member of the Executive Committee, the CFO is an important and highly visible role, as such, this individual is expected to provide strong organizational leadership, management, and strategic vision across the Bank. We are seeking well-rounded finance and accounting executives with a deep commitment to community banking for this leadership role.

For more information, or to arrange a confidential conversation, please contact Moriah Maron, Director of Recruiting (mmaron@smithandwilkinson.com). 

S&W has been retained by $13B OceanFirst Bank, a publicly traded bank with a reach from Boston to Washington, DC and headquartered in Toms River, New Jersey, to manage the search for their next Director of External Reporting and Tax.

OceanFirst Bank, established over 120 years ago, has consistently demonstrated its commitment to excellence, integrity, and innovation in delivering comprehensive banking solutions to individuals and businesses across New Jersey and beyond. With a strong emphasis on community involvement and customer satisfaction, OceanFirst Bank continues to expand its footprint while maintaining a customer-centric approach.

The Director of External Reporting & Tax at OceanFirst Bank plays a pivotal role in ensuring meticulous financial reporting in adherence to GAAP, SEC regulations, and internal policies. This strategic leadership position oversees the accurate and timely preparation of SEC filings, including 10-Q and 10-K reports, as well as regulatory filings such as FFIEC 041 and FR Y-9LP. The role also encompasses managing federal and state tax returns and provisions, contributing significantly to the bank’s fiscal health and regulatory compliance.

To arrange a confidential conversation or to obtain further information, please contact a member of the S&W search team: Darcy Flaherty, Senior Associate (dflaherty@smithandwilkinson.com) or Steve Peary, Partner (speary@smithandwilkinson.com).

Smith and Wilkinson has been retained by Municipal Credit Union, MCU, on a search for a VP of Business Development. The VP of Business Development is a Sales Executive position focused on identifying new business opportunities, building, and maintaining relationships with Select Employee Group (SEGs)s and driving revenue growth for the company. The role actively oversees the Business Development Team and Community Engagement Specialist. The primary responsibilities of this role will be to grow and activate the portfolio of Select Employer Groups (SEG), promote the credit union’s various product and service offerings, represent the credit union in the community, and effectively convey MCU’s brand. This is an excellent opportunity for a high-performing, seasoned sales leader to take over and bring MCU's Business Development Team to the next level. Please contact Stephen Peary or Julia Crouter for a confidential discission around the role.

S&W has been retained by Savers Bank (saversbank.com) to lead the search and selection process for the bank’s next Chief Financial Officer (“CFO”).

Founded in 1910, Savers Bank is a well-run, growing community bank headquartered in Southbridge, MA serving the financial needs of the residents and businesses of central Massachusetts. As an approximately $720MM, state chartered mutual bank, Savers Bank is governed by its depositors and its mutual ownership structure allows the bank to take a long-term view of success. The bank offers their customers modern facilities and the latest technology to ensure they have the products, services, and delivery methods necessary to make customers’ banking experience, as their motto goes, “Simply Better.” The bank is in strong financial condition, with good earnings, efficiency, capital, and asset quality. For the period ending 12/31/23, the bank had an ROA of 0.64, efficiency ratio of 73.52, core capital ratio of 11.27, and noncurrent loans to loans of 0.55. Savers Bank is primarily a real estate lender, with $226MM of its $532MM loan portfolio in commercial real estate and $209MM in 1-4 family residential. The bank operates 6 retail locations in Auburn, Charlton, Grafton, Southbridge, Sturbridge, and Uxbridge.

Reporting to the bank’s President & CEO, Rosemary Picard, the CFO will serve as a key, strategic partner as the bank prepares to reach and cross the $1B threshold in the coming years. This executive leadership role will direct the bank’s finance & accounting functions, lead strategic forecasting and planning initiatives in collaboration with Senior Management and the Board of Directors, administer the bank’s investment portfolio and asset/liability management system, and help guide the bank’s relationship with state and federal regulators. We are seeking experienced bank finance talent for this community bank leadership role. For additional information, or to arrange a confidential conversation, please contact a member of the S&W search team: Cameron Boyd, Managing Partner (cboyd@smithandwilkinson.com) or William Wegener, Senior Associate (wwwegener@smithandwilkinson.com).

S&W has been retained by Maine State Credit Union ("MSCU," mainestatecu.org) to manage the search and selection process for the Credit Union’s next SVP, Chief Financial Officer (“CFO”).

Headquartered in Augusta, Maine, MSCU is a $690MM community-chartered credit union, currently serving more than 36,000 Mainers. MSCU was originally founded in 1935 by a group of Maine state employees, under the name Maine State Employee’s Credit Union “to promote thrift among its members, by affording them the opportunity for accumulating their savings, and to create for them a source of credit for loans for provident and productive purposes." Membership at the time was limited to employees within the State House building and their immediate families. Since then, the name changed to Maine State Credit Union and the charter was broadened to a community-charter, however the purpose of the Credit Union remains unchanged. MSCU continues to serve Mainers throughout the state with a field of membership encompassing 8 of the 16 counties in Maine, with the goal of serving all Mainers over the coming years. MSCU has been voted as a Best Place to Work in Maine for twelve years and Best-in-State Credit Union by Forbes Magazine for the past three years. MSCU is regulated by the NCUA and the State of Maine Department of Banking.

This key leadership role will report to the President and CEO and be instrumental in guiding the Credit Union towards its goals of asset growth and geographic expansion across all counties in Maine. The CFO will be responsible for the accounting, financial reporting, investment portfolio management, asset/liability management, budget development and accounting systems of the Credit Union. Additionally, this individual is expected to take an active role in the development, planning and implementation of the Credit Union's business objectives, goals and strategies.

We are eager to identify forward-thinking, community-oriented finance executives for this leadership role. For more information and to schedule a confidential conversation, please contact Director of Recruiting, Moriah Maron, mmaron@smithandwilkinson.com.

Smith & Wilkinson has been retained by Merrimack Valley Credit Union (MVCU) to manage the search for a Financial Analyst to join the credit union’s growing finance department. Founded in 1955, MVCU has grown from humble beginnings to become one of the five largest credit unions in Massachusetts. With the recent merger between MVCU and RTN FCU they now sit at nearly $2.4B in assets with over 116,000 members spread across nearly 25 locations.

Reporting to the VP, Finance & Treasury, the Financial Analyst at MVCU plays a pivotal role in ensuring the financial stability and strategic decision-making of the organization. Focusing on Asset Liability Management (ALM) and budgeting and forecasting, this person will be responsible for analyzing financial data, market trends, and economic indicators to provide insights that drive efficient allocation of resources and mitigate risks. Their expertise will be instrumental in developing and maintaining accurate financial models, conducting scenario analyses, and producing timely reports to support senior management in making informed decisions. Additionally, they will collaborate cross-functionally with various departments to optimize financial performance, identify areas for improvement, and implement strategies to achieve organizational goals. This role offers a dynamic opportunity to leverage analytical skills and financial acumen to drive impactful change within a thriving credit union environment.

For a confidential conversation and additional information, please reach out to Nathan Townsend (ntownsend@smithandwilkinson.com) or Darcy Flaherty (dflaherty@smithandwilkinson.com). 

Reporting to the EVP Chief Operating Officer, the Senior Commercial Lending Officer will be responsible for overseeing the management and direction of the Commercial Lending team, Commercial Loan Administration department, the Commercial Portfolio Manager, and the Commercial Banking & Compliance Assistant. This person will be a “player-coach” with business development and portfolio management responsibilities, while being part of the Senior Leadership Team.  Our client is a $1B mutual bank with locations in Southern Maine and Southern New Hampshire.

S&W has been retained by Hanscom Federal Credit Union ("HFCU", hfcu.org) to manage the search for the Credit Union's SVP, Residential Lending Sales.

Headquartered in Littleton, Massachusetts, HFCU is a member-owned financial cooperative serving over 95,000 members. Since its founding in 1953 on Hanscom Air Force Base, the Credit Union has been driven by the core values of members first, integrity, teamwork, innovation, and empathy. As highlighted on the credit union's website (hfcu.org), Hanscom is a: "not-for-profit member-owned financial cooperative," has $1.8B in total assets, operates 19 branches throughout eastern Massachusetts and Virginia, supports its member base through 225 dedicated team members, operates a Charitable Foundation, and in both 2018 and 2019 was named "Best Credit Union in the U.S." by Kiplinger's Personal Finance magazine. Through both a traditional product set and a competitive suite of online banking and mobile banking and mobile wallet solutions, the Credit Union offers the financial tools to meet the needs of its members throughout their lives' journeys. HFCU's product set includes vehicle, home, personal, and business loans, credit card products, checking, savings, and business deposit accounts, and insurance and investment solutions through Hanscom Insurance Agency and Hanscom Investment Services. Additionally, the Credit Union provides support to its members through its emphasis on financial education. 

Under the general direction of the Chief Lending Officer, the SVP, Residential Lending Sales will lead the strategy and delivery of HFCU’s Residential Lending Sales program with an emphasis on supporting and expanding the Credit Union’s VA and FHA lending programs. This individual will lead a team of 4 Mortgage Loan Officers and work closely with the other members of Senior Management to best serve the Credit Union’s membership.

We are eager to identify dynamic, member-oriented residential lending leaders eager to contribute to the mission and success of HFCU. To arrange a confidential conversation or to get further information, please contact a member of the S&W search team: Moriah Maron, Consultant (mmaron@smithandwilkinson.com) or Cameron Boyd, Managing partner(cboyd@smithandwilkinson.com).

Smith and Wilkinson is currently retained by Kearny Bank on their search for a Vertical Banking Relationship Officer to join their team. The role will focus on building and maintaining a portfolio of commercial clients within their given vertical business line and serving as the subject matter expert and point of contact on their relationships with Kearny Bank. This is an excellent opportunity for a seasoned commercial banker to leverage the product set and technology services of a larger organization with the personal touch of a local community-based bank.

At 140 years old and with nearly $8B in assets Kearny Bank has positioned itself as a key player within the commercial banking space from the Philadelphia to NYC marketplace. Please contact Stephen Peary for a confidential discussion around the role.