Columbia Bank Hires Executive Vice President, Chief Information Officer, Manesh Prabhu

Rhea-AI Summary

Columbia Bank has appointed Manesh Prabhu as Executive Vice President and Chief Information Officer, effective immediately. With over 20 years of experience, including a significant role as Chief Technology Officer at Peoples United Bank, Prabhu will focus on enhancing Information Systems and Digital Banking. President and CEO Thomas J. Kemly emphasized that leveraging technology is crucial for improving processes and expanding services. Columbia Bank, founded in 1927 and based in New Jersey, manages assets of approximately $9.8 billion.

Positive

• Manesh Prabhu brings over 20 years of technology experience, expected to enhance digital transformation.
• Leadership change may improve processes and service expansion, aligning with the bank's goals.

Negative

• Potential concerns about continuity and integration of new leadership.

FAIR LAWN, N.J., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Columbia Bank is pleased to welcome Manesh Prabhu as Executive Vice President, Chief Information Officer, effective immediately. In his role, Mr. Prabhu is responsible for Information Systems and Digital Banking.

Mr. Prabhu has over 20 years of experience at leading institutions including Peoples United Bank N.A. Most recently, he held the title of Chief Technology Officer where he led the IT strategy and technology transformation for the Bank. Through his nearly 20-year tenure and senior leadership roles at People’s United, Manesh led enterprise architecture, data architecture, IT governance, business intelligence, marketing analytics, and data quality with a heavy focus on digital transformation.

“As Columbia Bank continues on its journey to be the preeminent Bank of New Jersey, leveraging and investing in technology plays a critical role in improving processes, expanding services and ultimately, giving our team more time to do what they do best – servicing our clients,” said Thomas J. Kemly, President and CEO of Columbia Bank. “Please join me in welcoming Manesh to Columbia Bank.”

Manesh holds an MBA from Thiagarajar School of Management (TSM) – Madurai Kamaraj University in India and a Bachelor of Technology in Electrical & Electronics Engineering from Rajiv Gandhi Institute of Technology (RIT) - Mahatma Gandhi University in India.

Mr. Prabhu currently resides in Orange, CT with his wife and two children.

About Columbia Bank

Founded in 1927 and headquartered in Fair Lawn, NJ, Columbia Bank has more than 60 full-service branch networks spanning the state of New Jersey, an asset base of approximately $9.8 billion. Columbia Bank offers a full suite of consumer and commercial products, including online and mobile banking, localized lending centers as well as title, investment and wealth management services. For more information about Columbia Bank’s complete line of products and services, visit www.ColumbiaBankOnline.com. Follow Columbia Bank on: Facebook, Instagram, Twitter, YouTube & Linked In.

Contact: Investor Relations
(833) 550-0717

FAQ

Who is the new Chief Information Officer of Columbia Bank?

Manesh Prabhu has been named the new Chief Information Officer of Columbia Bank.

What experience does Manesh Prabhu bring to Columbia Bank?

Prabhu has over 20 years of experience in technology roles, including as Chief Technology Officer at Peoples United Bank.

What will Manesh Prabhu be responsible for at Columbia Bank?

He will oversee Information Systems and Digital Banking initiatives.

How might Manesh Prabhu's appointment impact Columbia Bank?

His expertise in digital transformation is expected to enhance Columbia Bank's technology capabilities and service offerings.