Chief Technology Officer

Community & Regional Banks

Torrington, CT

2020-09-08

Smith & Wilkinson has been retained by Torrington Savings Bank (“TSB”) to manage the search for the bank’s Chief Technology Officer (“CTO”).

Founded in 1868, Torrington Savings Bank is an exceptionally well-run, mutually-chartered community bank that offers personal, commercial, and wealth management banking solutions to its customers in western and central, Connecticut and beyond.  The bank has approximately $863MM in total assets and operates 7 Retail locations in addition to a full suite of online and mobile products.  On the heels of an orderly transition in executive leadership, the bank enters the next chapter of its history in strong financial condition, notably with one of the largest capital bases in New England (19.67% core capital, $167MM).  TSB is primarily a real estate lender, with approximately 97% of its $547MM loan portfolio in 1-4 family residential and commercial real estate.  True to its mission, TSB is also an excellent corporate citizen; in 2018 the bank funded the Torrington Savings Foundation to celebrate its 150th anniversary, with a primary focus of revitalizing the communities it serves.  Reporting directly to the bank’s President & CEO Lesa Vanotti, and joining a small and collaborative Senior Management team, the CTO will play a critical role in shaping the future of this historic franchise.  This newly-created position will be responsible for providing vision and leadership to all elements of the bank’s technology platform, including but not limited to day-to-day IT management, digital banking and product management, data analytics, and cyber security.  We are seeking forward-thinking bank technology executives with a proven track record of strong leadership for this unique community banking opportunity. For additional information, or to arrange a confidential discussion, please contact Cameron Boyd, Partner & Practice Director, Financial Services (cboyd@smithandwilkinson.com).

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