Pathfinder Bancorp Welcomes New Leadership Amid Transitions
Pathfinder Bancorp Leadership Change
Pathfinder Bancorp, Inc. (NASDAQ: PBHC), a well-established bank known for its strong community roots, has announced significant leadership transitions. Ronald Tascarella, the Executive Vice President and Chief Banking Officer, is set to retire after 18 years of dedicated service. His retirement, effective November 30, 2024, marks the end of an era for Pathfinder Bank, which has seen tremendous growth under his guidance.
Ronald Tascarella's Legacy at Pathfinder Bank
With over four decades of experience in the banking industry, Ron has made invaluable contributions since joining Pathfinder Bank in 2006. Under his leadership, the bank's loan portfolio skyrocketed from approximately $200 million to nearly $900 million, marking a staggering growth of over 350%. This remarkable achievement is a testament to his strategic vision and commitment to fostering a strong banking environment.
James A. Dowd, President and Chief Executive Officer, expressed gratitude for Ron's impact on Pathfinder Bank, stating that his extensive network and community ties played a crucial role in the bank’s expansion into the greater Syracuse market. Ron's dedication to community banking has not only helped local businesses but also nurtured countless relationships throughout Central New York.
Welcome Joseph Serbun: New Chief Credit Officer
In light of this transition, Joseph Serbun has been named the Senior Vice President and Chief Credit Officer, effective immediately. Serbun's journey with Pathfinder Bank began in 2023 when he joined as Special Assets Manager, bringing with him a wealth of experience from his previous role as President of Retail Banking at Community Bank.
With a rich background of over 40 years in banking, Serbun is anticipated to lead with insight and authority. His past experiences as Chief Credit Officer and Chief Banking Officer equip him with the knowledge needed to navigate the complexities of the banking landscape effectively.
The Future of Pathfinder Bank
President Dowd highlighted the seamless transition, noting that it reflects the bank's well-established succession plan and its deep reservoirs of talent. Joe Serbun is recognized for his strategic and operational knowledge, which will be instrumental for Pathfinder Bank's continued success. His reputation in the banking community, along with his understanding of customer needs, will serve as a vital asset to the administration and staff alike.
About Pathfinder Bancorp
Pathfinder Bancorp, Inc. (NASDAQ: PBHC), headquartered in Oswego, operates as a $1.45 billion commercial bank chartered by the New York State Department of Financial Services. Founded in 1859, Pathfinder Bank is well-rooted in its community, with 12 full-service offices across Oswego and Onondaga Counties and an additional limited purpose office located in Oneida County. The bank is dedicated to serving businesses and community members with high-quality financial products and unmatched service.
As Pathfinder Bancorp continues to advance its mission of providing exceptional banking solutions and community engagement, the leadership transition is set to foster new ideas and innovative strategies that align with its goals. Stakeholders and community members can look forward to the positive impacts that these leadership changes will bring.
Frequently Asked Questions
What prompted Ronald Tascarella's retirement?
Ronald Tascarella has decided to retire after 18 years of significant contribution to Pathfinder Bank, effective November 30, 2024.
Who is Joseph Serbun, and what is his new role?
Joseph Serbun has been appointed as Senior Vice President and Chief Credit Officer of Pathfinder Bank, moving from his role as Special Assets Manager.
How has Pathfinder Bank grown during Tascarella's tenure?
During Tascarella's tenure, Pathfinder Bank's loan portfolio grew from approximately $200 million to nearly $900 million, representing a 350% increase.
What is the strategic focus of Pathfinder Bancorp moving forward?
Pathfinder Bancorp aims to maintain its commitment to community banking while adapting to changing market demands and enhancing customer service.
How can I learn more about Pathfinder Bancorp?
More information about Pathfinder Bancorp and its services is available on their official website.
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