Rondout Savings Bank appoints Marjorie S. Rovereto as Chief Lending Officer

October 21, 2016

Rondout Savings Bank enriches its leadership team with the appointment of Marjorie S. Rovereto as the new Chief Lending Officer. Ms. Rovereto is an accomplished senior executive and community leader with more than 32 years of banking experience. Ms. Rovereto will join the bank on November 7, 2016. James F. Davenport, President and CEO of Rondout Savings Bank stated, “The staff and I are thrilled to be adding Margie to the senior team. She is a dynamic hands-on leader with a strong belief in supporting community both professionally and personally. Margie’s qualities align perfectly with Rondout Savings Bank’s core values.” Over the course of her career, Ms. Rovereto has served as both President and Chief Executive Officer for both Ulster Savings Bank, headquartered in Kingston, NY and Hometown Bank of the Hudson Valley, headquartered in Walden, NY. As the new Chief Lending Officer, she will apply her depth of experience to further enhance the current residential and commercial lending programs offered by Rondout Savings Bank throughout Ulster and Dutchess Counties.

“Rondout Savings Bank has always delivered the highest level of customer service. I look forward to my role as Chief Lending Officer and being a member of a strong team dedicated to meeting customer needs”, stated Ms. Rovereto. Ms. Rovereto, a Kingston resident, currently serves as an active board member of Center for Spectrum Services, the New York State Bankers Service Corp. Profit Solutions Board and the Ulster County Ethics Board. She earned her bachelor’s degree in finance and management from SUNY Albany. She is also a graduate of the National School of Finance and Management at Fairfield University.

Rondout Savings Bank Sponsors Woodstock Playhouse Production "Pippin"

May 26, 2016

With the support of sponsors like Rondout Savings Bank, "Pippin" the musical comes to the stage of the iconic Woodstock Playhouse featuring the Woodstock Playhouse Summer Theatre Cast 2016 each weekend from August 5 through August 21.

"Pippin" is an unforgettable musical production that inspires us all to discover the magic of life that we hold within ourselves!" explained Randi Conti, the Playhouse's Executive Director. "Through their sponsorship, the financial support Rondout Savings Bank provided has helped us deliver this extraordinary musical tale to local residents and visitors. We are very grateful to Rondout and Jim Davenport, the bank's President and CEO."

Douglas Farrell, the Manager of the Woodstock Playhouse, mentioned that he sees "Pippin" as the musical that represents the "Pure Spirit of the Hudson Valley." In the lyrics of the song 'Corner of the Sky' you'll find the words: "Rivers belong where they can ramble, Eagles belong where they can fly;" to Farrell, these words reflect the Woodstock Playhouse and its ability to spread its wings in a region that is so right and so supportive.

"It is wonderful that so many concerned citizens have recognized the importance of supporting the Woodstock Playhouse. Rondout Savings Bank values the local art community and particularly important iconic venues like the Woodstock Playhouse," stated Davenport.

The Woodstock Playhouse is a vibrant venue featuring a wide range of productions, festivals and events established for the gathering of Woodstockers and visitors to its internationally recognized home of Art, Theatre, Music, celebrated small town hospitality, and a tapestry of innovative thinkers.

For more information about the Woodstock Playhouse, visit: and for information about Rondout Savings Bank visit:


Cheryl Bowers

Rondout Savings Bank promotes proven leader Cheryl Bowers as new Chief Operating Officer


Rondout Savings Bank promoted Cheryl D. Bowers to the position of Chief Operating Officer. In this new position, Cheryl will directly manage key departments of the bank to ensure efficient operations, and guide smart and profitable growth. Working in direct collaboration with President and CEO Jim Davenport and the Executive Leadership Team, Bowers will maintain Rondout Savings Bank's mission and vision with an unwavering commitment to the communities it serves.

"As a tenured executive leader of Rondout Savings Bank and a lifelong member of the community, I will successfully lead the bank and its team to make decisions and execute strategic initiatives that will support long-term independent growth," Bowers stated. "At the same time, I will never lose sight of my commitment to the community and be a good steward to the communities we serve.”

With more than 25 years of experience in local banking, Cheryl has honed her skills in meeting the needs of local businesses and individuals. As Chief Operating Officer, she stated she is committed to the continued process of strengthening banking services and building on the bank's powerful relationship banking practices. "Providing the highest value to our customers and the community will remain a top priority”, stated Bowers.

She has been an integral part of Rondout's Executive Leadership Team since 2008, after joining the bank in 2001 as a founding Business Banking Department Team member. Prior to joining Rondout Savings Bank, she held various leadership positions at other area financial institutions.

"I am so proud and honored to have the opportunity to help lead such a well-respected, reputable community bank. We were established in this very community in 1868 – being able to have a role in continuing this legacy is both exciting and humbling.”

Bowers is a high honors graduate from the American Bankers Association Stonier Graduate School of Banking at the University of Pennsylvania. She also earned a Leadership Certificate from the Wharton Business School. She is an active committee member with the New York Bankers Association and has been a speaker at the Annual Women's Leadership Conference.

Bower's leadership skills and volunteerism have been recognized in the greater community as well, where she formerly chaired the Ulster County Chamber of Commerce. She also serves on the boards of The State University of New York at Ulster Foundation, The Kingston Boys and Girls Club, the Kingston Lions Club, the American Heart Association, Secretary of Health Alliance, and Mary's Avenue Campus Board. Cheryl is a past honoree of the YWCA Tribute to Women, and was named Volunteer of the Decade by Gateway Community Industries. In June 2014, she was named Kingston Lion of The Year for her long-standing membership and volunteerism. Bowers is a lifelong native of Kingston where she resides with her husband and two children.


Ann Swenson

Rondout Savings Bank appoints Ann Swenson new Chief Risk Officer

Rondout Savings Bank recently promoted Ann Swenson to the position of Chief Risk Officer. In her new position as part of the Senior Management Team, Swenson will be responsible for overseeing internal audit, compliance, Bank Secrecy Act (BSA), and commercial loan review.

Rondout Savings Bank President Jim Davenport stated that Swenson has been instrumental in the bank developing an exceptional reputation in the industry.

"The bank's carefully planned growth has been structured and achieved in large part through Ann's leadership and expertise.” He added that "Rondout's continued BauerFinancial, Inc. 5-Star Superior Quality Rating is in large part the result of Ann's skills at balancing the trade-offs between risk and return.”

Swenson stated she will bring her experience, organizational skills, and attention to detail to the new position. She said her main task will be "managing risk within the institution while assisting in meeting its strategic goals.”

The new Chief Risk Officer holds a Bachelor of Science in Accounting from Marist College. Swenson has 23 years of experience in the banking industry, and joined Rondout Savings Bank in 2006 as their Internal Auditor. She was promoted shortly thereafter to Assistant Vice President of Audit, and then Assistant Vice President of Risk Management. Swenson is a graduate of the National School of Banking, and is a Certified Community Bank Compliance Officer (CCBCO).

As an active member of the community that Rondout Savings Bank serves, Swenson sits on the Board of United Way of Ulster County. The Board oversees the many community programs and partnerships that the United Way provides by targeting funds to high quality, local programs and services that meet identified community needs.

Swenson lives in Dutchess County with her husband and sons.

Brittany Schatzel

Brittany Schatzel

Rondout Savings opens lines of communication with the Spanish speaking community

Rondout Savings Bank's recent promotion of Brittany Schatzel to a Customer Service Representative (CSR) Supervisor position will provide area Spanish speakers searching for a local bank a comfortable environment where they can successfully manage their personal and business checking, savings and loans.

"With my ability to speak Spanish, I personally hope to bring more Spanish speaking clients to the bank,” Schatzel said. "We have a lot of Spanish speaking people in our community. With my promotion to CSR, it is now beneficial to our customers that I will be able to sit down, listen to their needs and help them on a more personal level. I look forward to working with the Spanish speaking community and I feel we have a lot to offer.”

Schatzel started the new position in the beginning of March at the Ulster Avenue Branch. In addition to supervisor responsibilities, Schatzel will be opening new accounts for customers and dealing directly with customers to better understand their needs.

"I am very excited to start my new position. It will not only give me added responsibility, but it will also broaden my knowledge and experience in the banking industry,” she stated.

Schatzel received a Bachelor's degree at SUNY New Paltz in 2012 in Spanish and Latin American and Caribbean Studies. The new CSR Supervisor also took a translating course through SUNY Ulster in April of 2013. Schatzel was hired at Rondout Savings Bank in July of 2014 as a full time Teller at the Broadway branch.

"I never thought about a career in banking until I started working at Rondout Savings Bank, and I am really glad I did. I love working here. I look forward to coming to work in the morning, and I leave with a smile on my face at night, which I think is one of the most important things about the job.”

Francesca Szabadi

Francesca Szabadi

Rondout Savings Bank Board Elects Corporate Secretary

Rondout Savings Bank's Board of Trustees recently elected Francesca Szabadi Corporate Secretary. Szabadi also serves as the Executive Administrative Officer for Rondout Savings Bank and its subsidiary, Rondout Financial Services, reporting directly to President and CEO Jim Davenport.

She joined the bank in 2009 with 15 years of experience providing high-level administrative support for not-for-profit organizations and corporations in the Hudson Valley.

"It's a pleasure to work with an executive team that cares deeply about the communities we serve,” Szabadi stated. "At the end of the day, it's satisfying to know that 10 percent of the bank's annual earnings go back into the community where I work, live, and raise a family. Rondout's "Dividend to the Community" program, which helps many local not-for-profits and civic groups, has steadily increased over the years and I'm glad to be a part of that success.”

Szabadi's responsibilities include supporting the compliance and risk area of the bank, managing the corporate records in accordance with state and federal guidelines and regulations, recording minutes of the board and committee meetings, and overseeing the bank's Vendor Management program.

Szabadi is a member of the 2015 graduating class of the Ulster Leadership Development Institute. She is a licensed New York State Notary and holds a Bachelor of Science degree from SUNY ESF in conjunction with Syracuse University. Szabadi serves on the Ulster County Junior Achievement Advisory Committee and is an active member of the Rondout Rowing Club, which supports Kingston High School's crew team.

Terri Ferris

Terri Ferris

Rondout Savings Bank joined by seasoned Retail Area Manager of 25 plus years

Rondout Savings Bank hired Terri Ferris to the position of Assistant Vice President / Retail Area Manager. In this position Ferris will be overseeing and assisting the Branch Management Team in achieving daily sales and service responsibilities.

Ferris joined the Rondout Savings Bank team in December 2014. The new Retail Area Manager comes to Rondout Savings Bank with 27 years of banking experience.

Rondout Savings Bank President and CEO Jim Davenport stated he is very pleased the bank is adding Terri Ferris to its relationship minded management team. "Terri is a banker with local community knowledge and roots, while being well-versed in the latest technological developments positively impacting banking services,” Davenport said.

The new Retail Area Manager stated that she is truly excited to get involved with the communities that Rondout Savings Bank serves.

"I'm excited to start to get out in the community and meet with our existing and potential customers to discuss how we can assist in meeting all their current and future financial needs,” Ferris stated.

Ferris' years of experience in the banking industry are matched by a strong commitment to community service. She has served on many chamber boards, not-for-profit committees, and Rotary Clubs. In addition to serving on many boards, Ferris has been a volunteer for the American Cancer Society, American Heart Association, and Juvenile Diabetes.

Leslie Sewell

Leslie Sewell

Heather Hart

Heather Hart

Rondout Savings Bank Names Leslie Sewell Ulster Branch Operations Supervisor, Heather Hart Branch Manager

Rondout Savings Bank recently announced of the promotion of Leslie Sewell to Operations Supervisor and Heather Hart to West Hurley Branch Manager. Hart has filled the role formerly held by Sewell. The two collaborated during the transitional period.

"I worked with Heather for two weeks and was able to introduce her to our clients in West Hurley,” Sewell said. "The transition with customers went really well. Together we worked with branch employees and customers to further streamline the transition.”

Sewell said she is eager to start her new position as Operations Supervisor, adding that Hart is ideally suited to take over her former Branch Manager position. Hart's new duties will include taking on the responsibility for increasing deposits, referrals, and loan applications. Hart's qualifications include past customer service and assistant branch manager roles. The new Operations Supervisor said the transitional period was productive, and she can now move forward with Hart leading the team at the West Hurley Branch.

"Having been in banking for 20 years, I look forward to bringing all of my past experiences to my new position,”

She will now be responsible for the overall operations of the back office and maintaining excellent customer service and professionalism.

Hart said the time spent with Sewell meeting clients, reviewing sales tracking reports, and being introduced to the staff was essential to allow for the seamless transition to the position. Hart added she is motivated to work with the West Hurley staff because of the strong community ties the employees have and Sewell's legacy of leadership.

"I will continue with Leslie's exemplary customer service focus,” Hart said. "As the West Hurley Branch Manager, I will continue to train and develop the tellers to recognize sales opportunities. I am very impressed by the staff and their efforts, such as account openings and visiting potential businesses. I am looking forward to meeting more local business owners and the Woodstock Chamber of Commerce – showing them how a small community bank differs from its competitors.”

Sewell has been with Rondout Savings Bank since August 2011 as a Teller, Branch Operations Supervisor, and Branch Manager. In September 2014, she started the Ulster Leadership Development Institute sponsored by the Ulster County Chamber of Commerce. "I am very excited to be a part of this year's class as there are some new and exciting things we are starting,” she stated. Sewell lives in Highland with her husband and two children, ages 6 and 11.

Heather Hart, a Saugerties High School graduate, has been in banking since 2010. She started at Rondout Savings Bank's Ulster Branch as a Customer Service Representative in July 2013. In August of 2014, she was promoted to Ulster Assistant Branch Manager. Hart enjoys spending time with her husband and golden retriever. She completed the NYC and Chicago Marathons and several half marathons. "I'm hoping to incorporate my passion for running and dogs into my community involvement in the West Hurley area,” she stated.