Simsbury Bank Announces Howard Zern’s Retirement and Retail Management Succession

  Simsbury Bank Announces Howard Zern’s Retirement and Retail Management

Business Wire

SIMSBURY, Conn. -- April 23, 2014

Simsbury Bank announces that Howard R. Zern, Executive Vice President and
Chief Retail Banking, Operations and Technology Officer, plans to retire
effective April 30, 2014. Culminating a 40 year career in banking, Mr. Zern
directed Simsbury Bank’s retail delivery channels including its branches, ATMs
and electronic banking services, as well as the Bank’s deposit operations, and
information technology departments. Since joining the Bank in 2008, Mr. Zern
spearheaded many crucial strategic initiatives that contributed to doubling
the Bank’s deposits to $350 million.

“Howard has had an enormous and lasting impact on Simsbury Bank,” said Martin
J. Geitz, President and CEO of Simsbury Bank. “Howard brought a depth of
experience in retail banking, training and development, and organizational
development and change management that advanced the Bank significantly over
the past six years. As a part of the Bank’s executive management team,
Howard’s dedication to providing first rate service, products and advice to
our customers cannot be overstated. He has been integral to the successful
implementation of our growth strategy. And, with insight gained over a
lifetime career in banking, Howard expertly guided our branches as well as the
operations, electronic banking and technology areas that the public does not
see but are crucial to our success as a financial institution. On behalf of
the Board and all of our officers and staff, I thank Howard for his leadership
and contributions and wish him a long and enjoyable retirement.”

Under Mr. Zern’s leadership, the Bank introduced a relationship and advisory
based sales model to help customers achieve their life goals with our
financial expertise. Howard led many technology initiatives over the years
which enhanced the Bank’s ability to deliver state of the art services that
its customers expect and enabled Simsbury Bank to compete effectively with
larger banks. The changes Mr. Zern implemented enabled the Bank to be among
the State’s leaders in deposits per branch and checking deposit mix, as well
as to become the largest Connecticut-based bank in its branch marketplace.

Mr. Zern said, “It is with mixed emotions that I retire from my life’s
passion. I am proud of the staff in the areas under my responsibility – they
are consummate professionals, driven to exceed customer expectations and
successful in all of the challenges that we have met and their initiative has
made my job easier. I will miss my co-workers and the joy of meeting the daily
challenges put forward by the market and competition. We achieved great things
during the past six years in the face of increasing competition and
regulations and I appreciate the support of the board, my colleagues and our
excellent staff for allowing me the honor of leading them to the success we
have achieved.”

Prior to joining Simsbury Bank, Mr. Zern held a variety of positions with
Hartford National Bank and its successors over almost 30 years including
Corporate Training Manager, Corporate Sales Director, Regional Manager. Mr.
Zern oversaw branch administration for Fleet Bank’s 1,500 branches and later
merger integration management. After retiring from Bank of America as an
Executive Vice President in 2005, he operated a consulting business. Mr. Zern
is a graduate of Stony Brook University. He values community involvement and
is a former director of the Stony Brook University Alumni Association. He also
held leadership positions with several not-for-profit organizations, including
Vice Chairman of TheaterWorks in Hartford, Treasurer of the Artists Collective
in Hartford and Chairman of the Urban League of Greater Hartford. He resides
in West Hartford with his wife, Dr. Hilary Freedman.

Jocelyn Mitchell, Vice President and Granby Senior Market Manager, will assume
Mr. Zern’s retail banking delivery and deposit operations responsibilities.
Ms. Mitchell joined Simsbury Bank in 2008 and has led its Granby location to
double its deposit base during that time period. Ken Sklodosky, Vice President
and Bloomfield Senior Market Manager, will assume responsibility for the
Bank’s Granby branch and continue to oversee its Bloomfield market and new
Bloomfield Market Manager, Peter Sepelak. Peter is currently the Assistant
Branch Manager of the Bank’s Simsbury Branch. Jordan Moore, Assistant Manager
of the Bank’s Avon Branch, will succeed Peter as the Simsbury Branch Assistant
Manager. Cindy Ramkissoon, Avon Customer Service Representative, will be
promoted to the role of Avon Branch Assistant Manager. “In a final testament
to Howard’s management strength and contribution to the Bank, his successors
are existing members of the Retail Banking team he has led so well,” said
Martin J. Geitz.

Mr. Zern’s corporate information technology and project management
responsibilities will be overseen by Richard Sudol, Chief Financial Officer.

Simsbury Bank is an independent, publicly owned community bank for consumers
and businesses based in Central Connecticut’s Farmington Valley. Simsbury
Bank’s parent company is SBT Bancorp, Inc. whose stock is traded under the
ticker symbol OTCBB: SBTB. The Bank serves customers locally through branches
in Avon, Bloomfield, Granby and Simsbury and regionally through mortgage and
commercial bankers active throughout Southern New England. Simsbury Bank
customers enjoy internet banking and mortgage services at, respectively, and Bank customers have
free ATM access at thousands of machines across the country through the SUM
program. The Bank offers financial planning, investment and insurance products
through LPL Financial and its affiliates, member FINRA/SIPC.


Simsbury Bank
Martin J. Geitz, 860-651-2088
President & CEO
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