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Pathfinder Bancorp, Inc. Announces Retirement of EVP, Chief Banking Officer Ronald Tascarella, Serbun Named SVP, Chief Credit Officer

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Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has announced significant changes in its executive leadership. Ronald Tascarella, Executive Vice President and Chief Banking Officer, will retire on November 30, 2024, after 18 years with the company. During his tenure, Pathfinder's loan portfolio grew from approximately $200 million to almost $900 million, a more than 350% increase.

Joseph Serbun has been appointed as Senior Vice President and Chief Credit Officer, effective immediately. Serbun joined Pathfinder Bank in 2023 as Special Assets Manager, bringing 40 years of banking experience. He previously served as President of Retail Banking at Community Bank and has held key senior management roles, including chief credit officer and chief banking officer.

James A. Dowd, President and CEO of Pathfinder, praised Tascarella's contributions to the bank's growth and expansion into the greater Syracuse Market. He also expressed confidence in Serbun's ability to contribute to the executive team, citing his comprehensive industry knowledge and understanding of customers.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) ha annunciato importanti cambiamenti nella sua leadership esecutiva. Ronald Tascarella, Vicepresidente Esecutivo e Chief Banking Officer, andrà in pensione il 30 novembre 2024, dopo 18 anni trascorsi con l'azienda. Durante il suo mandato, il portafoglio prestiti di Pathfinder è cresciuto da circa 200 milioni di dollari a quasi 900 milioni di dollari, con un incremento superiore al 350%.

Joseph Serbun è stato nominato Vicepresidente Senior e Chief Credit Officer, con effetto immediato. Serbun è entrato a far parte di Pathfinder Bank nel 2023 come Special Assets Manager, portando con sé 40 anni di esperienza bancaria. In precedenza ha ricoperto il ruolo di Presidente della Retail Banking presso Community Bank e ha ricoperto ruoli chiave nella gestione senior, inclusi chief credit officer e chief banking officer.

James A. Dowd, Presidente e CEO di Pathfinder, ha lodato i contributi di Tascarella alla crescita della banca e all'espansione nel mercato di Syracuse. Ha anche espresso fiducia nella capacità di Serbun di contribuire al team esecutivo, citando la sua conoscenza approfondita del settore e la comprensione dei clienti.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) ha anunciado cambios significativos en su liderazgo ejecutivo. Ronald Tascarella, Vicepresidente Ejecutivo y Director de Banca, se retirará el 30 de noviembre de 2024, después de 18 años en la empresa. Durante su mandato, la cartera de préstamos de Pathfinder creció de aproximadamente 200 millones a casi 900 millones de dólares, un aumento de más del 350%.

Joseph Serbun ha sido nombrado Vicepresidente Senior y Director de Crédito, con efecto inmediato. Serbun se unió a Pathfinder Bank en 2023 como Gerente de Activos Especiales, aportando 40 años de experiencia bancaria. Anteriormente, ocupó el cargo de Presidente de Banca Minorista en Community Bank y ha tenido roles clave en la alta dirección, incluyendo director de crédito y director de banca.

James A. Dowd, Presidente y CEO de Pathfinder, elogió las contribuciones de Tascarella al crecimiento del banco y a la expansión en el mercado de Syracuse. También expresó su confianza en la capacidad de Serbun para contribuir al equipo ejecutivo, citando su amplia experiencia en la industria y su comprensión de los clientes.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC)는 경영진 리더십에 중대한 변화를 발표했습니다. 로널드 타스카렐라(Ronald Tascarella) 부사장 겸 최고 은행 책임자가 2024년 11월 30일 퇴직한다고 밝혔습니다. 그는 회사에서 18년 동안 근무했습니다. 그의 재임 기간 동안 Pathfinder의 대출 포트폴리오는 약 2억 달러에서 거의 9억 달러로 증가했으며, 이는 350% 이상의 증가율입니다.

조셉 서번(Joseph Serbun)이 즉시 부사장 겸 최고 신용 책임자로 임명되었습니다. 서번은 2023년에 특수 자산 관리자로 Pathfinder Bank에 합류했으며, 40년의 은행 경력을 가지고 있습니다. 그는 이전에 Community Bank에서 소매 은행 부사장을 역임했으며, 최고 신용 책임자 및 최고 은행 책임자를 포함한 주요 고위 관리직을 맡았습니다.

제임스 A. 다우드(James A. Dowd) Pathfinder의 사장 겸 CEO는 타스카렐라의 은행 성장 및 시라큐스 시장으로의 확장에 대한 기여를 찬양했습니다. 그는 또한 서번이 경영진 팀에 기여할 수 있다는 점에 대한 신뢰를 표현하며, 그의 포괄적인 산업 지식과 고객에 대한 이해를 인용했습니다.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) a annoncé des changements significatifs dans sa direction exécutive. Ronald Tascarella, Vice-Président Exécutif et Directeur de la Banque, prendra sa retraite le 30 novembre 2024, après 18 ans au sein de l'entreprise. Pendant son mandat, le portefeuille de prêts de Pathfinder est passé d'environ 200 millions à presque 900 millions de dollars, soit une augmentation de plus de 350%.

Joseph Serbun a été nommé Vice-Président Senior et Directeur du Crédit, avec effet immédiat. Serbun a rejoint la Pathfinder Bank en 2023 en tant que Responsable des Actifs Spéciaux, apportant 40 ans d'expérience dans le secteur bancaire. Auparavant, il a été Président de la Banque de Détail chez Community Bank et a occupé des postes clés dans la direction, y compris celui de directeur du crédit et de directeur de la banque.

James A. Dowd, Président et PDG de Pathfinder, a loué les contributions de Tascarella à la croissance de la banque et à son expansion sur le marché de Syracuse. Il a également exprimé sa confiance dans la capacité de Serbun à contribuer à l'équipe exécutive, citant sa connaissance approfondie de l'industrie et sa compréhension des clients.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) hat wesentliche Veränderungen in der Führungsebene angekündigt. Ronald Tascarella, Executive Vice President und Chief Banking Officer, wird am 30. November 2024 nach 18 Jahren im Unternehmen in den Ruhestand treten. Während seiner Amtszeit wuchs das Kreditportfolio von Pathfinder von etwa 200 Millionen auf fast 900 Millionen Dollar, was einer Steigerung von über 350% entspricht.

Joseph Serbun wurde mit sofortiger Wirkung zum Senior Vice President und Chief Credit Officer ernannt. Serbun trat 2023 als Manager für besondere Vermögenswerte in die Pathfinder Bank ein und bringt 40 Jahre Bankerfahrung mit. Zuvor war er Präsident des Einzelhandelsbanking bei Community Bank und hatte wichtige Positionen im oberen Management inne, einschließlich Chief Credit Officer und Chief Banking Officer.

James A. Dowd, Präsident und CEO von Pathfinder, lobte die Beiträge von Tascarella zum Wachstum der Bank und zur Expansion im größeren Markt von Syracuse. Er äußerte auch Vertrauen in Serbuns Fähigkeit, zum Führungsteam beizutragen, und verwies auf dessen umfassendes Branchenwissen und Verständnis der Kunden.

Positive
  • Loan portfolio growth from $200 million to $900 million (350% increase) over 18 years
  • Appointment of experienced banking executive Joseph Serbun as SVP and Chief Credit Officer
  • Successful expansion into the greater Syracuse Market
Negative
  • Retirement of long-serving Executive Vice President and Chief Banking Officer

OSWEGO, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder”) (NASDAQ: PBHC) today announced that, after 18 years with Pathfinder Bank, Ronald Tascarella, 66, Executive Vice President and Chief Banking Officer, will retire from those positions effective November 30, 2024. Joseph Serbun has been appointed as Senior Vice President, Chief Credit Officer effective immediately.

“On behalf of everyone at Pathfinder Bank, I want to thank Ron for his years of dedication and service. Ron joined the Bank in 2006 and has been an important part of Pathfinder’s success and growth over the past 18 years. During this period, Pathfinder’s loan portfolio has grown from approximately $200 million to almost $900 million as of June 30, 2024, a more than 350% increase. Ron has played an integral role in the Bank’s growth and successful expansion into the greater Syracuse Market. With over 40 years of industry experience, the extensive network he has cultivated has been instrumental in driving our achievements and solidifying our presence in the community," stated James A. Dowd, President and Chief Executive Officer.

“Ron has been dedicated to community banking, proudly serving the businesses and people of Central New York for over four decades. He has been a mentor to many both inside and outside the organization and has always shown a genuine interest in helping others succeed. His commitment, integrity, and passion have made an indelible impact on both Pathfinder Bank and our community. I wish him all the best in his well-deserved retirement.”

Joseph Serbun to Assume SVP and Chief Credit Officer Role

Serbun joined Pathfinder Bank in 2023 as Special Assets Manager after retiring from his role as President of Retail Banking at Community Bank in September of 2022. Serbun came to Pathfinder Bank with 40 years of banking experience and extensive knowledge of our markets, having served in key senior management roles, including chief credit officer, chief banking officer and president of retail banking.

Commenting on the appointment, Dowd states, “Reflective of Pathfinder Bank’s established succession plan and deep bench of talent, I am pleased to announce that Joe Serbun will assume the SVP and chief credit officer role. Joe steps into the role as a proven banker and leader with a comprehensive knowledge of the industry and the organization from a strategic, operational and financial perspective. That experience, along with a deep understanding of our customers, will be an invaluable resource for both our management team and staff. He is well respected throughout the Company, business leadership circles, the finance industry, and the Syracuse and Central New York community. I look forward to Joe’s contributions as a member of Pathfinder Bank’s executive team.”

Serbun earned a BA, in economics from SUNY Oneonta. He has served as a board member and volunteered at several local community minded organizations.

About Pathfinder Bank: Pathfinder Bancorp, Inc. (NASDAQ: PBHC), a Maryland corporation headquartered in Oswego, New York, is the parent company for Pathfinder Bank. Pathfinder Bank is a $1.45 billion commercial bank chartered by the New York State Department of Financial Services. Pathfinder was founded in 1859 and currently operates 12 full-service offices located in its market areas consisting of Oswego and Onondaga Counties and one limited purpose office in Oneida County. Through Pathfinder is focused on serving the needs of businesses and community members with high quality products and unsurpassed service. More information about Pathfinder Bancorp, Inc. can be accessed online at www.Pathfinderbank.com. Member FDIC.

Investor/Media Contacts
James A. Dowd, President, CEO
Justin A. Bigham, Senior Vice President, CFO
Telephone: (315) 343-0057


FAQ

When will Ronald Tascarella retire from Pathfinder Bancorp (PBHC)?

Ronald Tascarella will retire from his positions as Executive Vice President and Chief Banking Officer at Pathfinder Bancorp (PBHC) effective November 30, 2024.

Who has been appointed as the new SVP and Chief Credit Officer at Pathfinder Bancorp (PBHC)?

Joseph Serbun has been appointed as Senior Vice President and Chief Credit Officer at Pathfinder Bancorp (PBHC), effective immediately.

How much did Pathfinder Bancorp's (PBHC) loan portfolio grow during Ronald Tascarella's tenure?

During Ronald Tascarella's 18-year tenure, Pathfinder Bancorp's (PBHC) loan portfolio grew from approximately $200 million to almost $900 million, representing a more than 350% increase.

What is Joseph Serbun's background before joining Pathfinder Bancorp (PBHC)?

Joseph Serbun has 40 years of banking experience, previously serving as President of Retail Banking at Community Bank and holding key senior management roles such as chief credit officer and chief banking officer.

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