Ridgewood Savings Bank recently appointed 25-year banking veteran Leonard Stekol as CEO and chair of its board of trustees following the retirement of Peter Boger.
Stekol, who will retain his title as president of the bank, previously served as a member of Ridgewood Savings Bank’s board of trustees and has served as the bank’s president and CEO since 2016. He also served as Ridgewood Savings Bank’s chief financial officer for seven years.
“Leonard’s appointment fulfills the formal succession planning process put in place by our board of trustees,” Boger said in a press release. “I am grateful for Leonard’s support throughout my tenure at the bank, and have enjoyed working closely with him these past several years.”
Boger will continue to serve as a trustee.
“I am grateful for the trust the bank’s board of trustees has placed in me,” Stekol said in a statement. “I want to thank Peter for his steadfast leadership throughout his 18 years of service to the bank. Under his leadership, the bank has developed competitive internet and mobile banking platforms, prudently increased multi-family lending, and entered new markets.
Ridgewood Savings Bank, founded in 1921, is New York State’s largest mutual savings bank with over $5.3 billion in assets.
