MONTGOMERY, N.Y. (September 26, 2011) – Walden Savings Bank has promoted Catherine Terwilliger to the position of Executive Vice President and Chief Operating Officer. Terwilliger’s promotion takes effect immediately.
Terwilliger served as Interim President after the passing of David T. Cocks in June and before Derrik R. Wynkoop took the reins as President and Chief Executive Officer this month. She had started with Walden Savings Bank in 2004 as Vice President and Chief Financial Officer and was promoted to Senior Vice President and Chief Financial Officer in 2005. In 2009, Terwilliger was promoted to Senior Vice President and Chief Operating Officer.
“Promoting Catherine to Executive Vice President is a reflection of her exceptional leadership abilities, her valuable skills and her importance to Walden Savings Bank,” Wynkoop said. “She will be an important force in the direction of this bank’s future.”
At Walden Savings Bank, Terwilliger formalized and enhanced the Accounting and Deposit Operations areas and developed a separate Bank Secrecy Act Department to properly manage the bank’s compliance responsibilities in that area. Before coming to Walden Savings Bank, Terwilliger was Vice President and Controller for Putnam County Savings Bank from 1998 to 2004 and Vice President and Controller for MSB Bank from 1994 to 1998 and has held many other banking positions prior to that.
“I am honored to be a part of Walden Savings Bank,” Terwilliger said. “I am proud of the bank’s commitment to the community and appreciate being a part of such a successful financial institution.”
About Walden Savings Bank
Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, New York. With a total of eleven full-service branches serving Orange and Ulster Counties, the bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. To learn more about the Bank and its products and services, visit their website at www.waldensavingsbank.com .
