MONTGOMERY, N.Y. (Sept. 21, 2023) – Walden Savings Bank has named banking and financing executive Stephen Scott as its new Executive Vice President & Chief Operating Officer.
Scott brings 18 years of experience to Walden Savings Bank, most recently as Chief Operating Officer of Salisbury Bank & Trust, based in Lakeville, CT. He succeeds Catherine Terwilliger, who is retiring in February 2024 after 19 years at Walden Savings Bank.
“We’re proud to welcome Stephen Scott and his dynamic record of achievement and solutions to Walden Savings Bank,” said President and CEO Derrik Wynkoop. “We look forward to Stephen leveraging his strategic vision to attain even higher levels of Walden Savings Bank’s exceptional banking experience. We also thank Catherine for her years of quality customer-centric and operational leadership and wish her the best as she embarks on a well-earned retirement.”
“I am thrilled to partner with the Walden Saving Bank team to forge new pathways that complement the Bank’s impressive legacy of personalized attention and elite customer service,” Scott said. “For more than 150 years, Walden Savings Bank has been deeply rooted in the Hudson Valley, but its legacy also includes prioritizing ongoing transformation. That has resulted in the comprehensive portfolio of products and services customers benefit from today.”
At Salisbury Bank & Trust, his responsibilities included planning, coordinating and directing the daily activities of the Loan Servicing, Customer Support, Electronic Services, Treasury Services, Deposit Operations and Retail Operations departments. He also managed 14 full-service retail bank branch locations across Connecticut, Massachusetts and New York; formulated and implemented the bank’s business plan; and served on several executive leadership committees.
Previously, as Chief Operating Officer of Fieldpoint Private Bank & Trust for seven years, Scott managed loan administration, loan servicing, deposit operations and Information Technology. In addition, he oversaw five full-service bank branches and the bank grew from $750 million to $1.4 billion in total assets during his tenure.
Scott attended the American Bankers Association Stonier Graduate School of Banking at the University of Pennsylvania. He earned his bachelor’s degree in Business Management from Western Connecticut State University’s Ancell School. His education also includes programs through the Connecticut Bankers Association on advanced financial services, commercial lending and consumer lending.
About Walden Savings Bank
Walden Savings Bank, established in 1872, is the 11th oldest federally chartered mutual savings bank and is headquartered in Montgomery, N.Y. With a total of 11 full-service branches serving Orange and Ulster Counties and a Loan Production office in Dutchess County, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. Walden Savings Bank is rated 5 Stars by Bauer Financial, the nation’s leading and most respected financial institution analyst. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit www.waldensavings.bank.
