Thomas J. Sposito II Assumes Expanded Strategic Growth Role For Traditions Bank
Traditions Bancorp, Inc. (OTC Pink: TRBK) has appointed Thomas J. Sposito II as Chief Banking Officer, effective November 15, 2021. Sposito, who joined the company as Strategic Revenue Officer in June 2020, will oversee revenue generation, profitability, and balance sheet growth across all regions, excluding Traditions Mortgage. His experience spans 36 years in banking, including roles at Sterling Financial and PNC. CEO Eugene Draganosky highlighted Sposito's impact and alignment with the bank's strategic direction.
- Appointment of Thomas J. Sposito II as Chief Banking Officer to enhance strategic growth.
- Sposito's extensive 36-year banking experience supports leadership stability.
- Focus on revenue generation and profitability could drive financial growth.
- None.
YORK, Pa., Nov. 15, 2021 /PRNewswire/ -- Traditions Bancorp, Inc. (OTC Pink: TRBK), holding company for Traditions Bank, has announced that Thomas J. Sposito II will assume expanded leadership responsibility in the newly created role of Chief Banking Officer, effective November 15, 2021.
Mr. Sposito joined the executive management team in June 2020 as Strategic Revenue Officer. He has led the bank's eastward commercial banking growth into Lancaster County and is additionally focused on expansion to the north in Pennsylvania's capital region. In the role of Chief Banking Officer, he will serve as the bank's leader for revenue generation, enterprise-wide profitability, and balance sheet growth for all regions served. Exclusive of its Traditions Mortgage division, all income-generating divisions of the bank will report to Sposito. This includes Commercial, Personal, and Private Banking lines, as well as Wealth Management, Treasury Management, and Her Traditions.
"Tom is a highly-experienced executive who combines a vast banking background, passion for our culture, and deeply-rooted leadership in south-central PA," noted President and CEO Eugene Draganosky. "In his short time with Traditions Bank, Tom has already created long-lasting impact. This expanded role will assure that all sales areas are aligned with the strategic direction of the bank."
Mr. Sposito earned his finance degree from Penn State University and a Master of Business Administration from Lebanon Valley College. His highly-successful 36-year banking career in south central Pennsylvania has included leadership positions with Sterling Financial, PNC, Integrity and S&T. He has held nearly every customer-facing leadership role including President and CEO.
"I am thrilled to be a part of the ongoing development of this organization. I love the team, the culture, and the forward focus of the company," Sposito shared. "Continued growth allows us to offer our true community banking services to more and more new clients, expand our relationship with existing clients, and further support the communities we serve."
Mr. Sposito resides in Manheim, Lancaster County and is Immediate Past Board Chair of the Harrisburg Regional Chamber of Commerce. Tom co-chaired the Chamber's executive search committee that resulted in the hiring of the new Chamber President and CEO. He is an advisory board member of the Campaign for a Greater Penn State and was recently appointed to the Government Relations Policy Board of the Pennsylvania Bankers Association.
To learn more about Traditions Bank, visit www.traditions.bank.
SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS:
This release contains forward-looking statements about Traditions Bancorp, Inc. that are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," "anticipate" or similar terminology. Such forward-looking statements include, but are not limited to, discussions of strategy, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives, goals, expectations or consequences; and statements about future performance, operations, products and services of Traditions Bancorp.
Traditions Bancorp cautions readers not to place undue reliance on forward-looking statements and to consider possible events or factors that could cause results or performance to materially differ from those expressed in the forward-looking statements, including, but not limited to: ineffectiveness of the bank's business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; interest rate movements; difficulties in integrating distinct business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; volatilities in the securities markets; and deteriorating economic conditions.
Forward-looking statements in this release speak only as of the date of this release and Traditions Bancorp makes no commitment to review or update such statements to reflect changes that occur after the date the forward-looking statement was made.
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SOURCE Traditions Bancorp, Inc.
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