About us

Walden Savings Bank, established in 1872, is a federal chartered mutual savings bank headquartered in Montgomery, New York. With a total of 11 full-service branches serving Orange and Ulster Counties, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning.


Happy Holidays

from Walden Savings Bank

It’s hard to believe we are already in the midst of another holiday season. As I travel around the Hudson Valley to visit our local branches, I can see that the holiday spirit is already alive and well. Of course, there are the colorful lights and plenty of cheer, but what stands out most is the giving that has already begun.

At Walden Savings Bank, we also continue our mission of supporting organizations and causes that make a difference in our community. Have you ever wondered why our employees dress down each Friday? Bank employees make a weekly donation for this privilege that is matched with contributions from the bank. At the end of the year, these funds are distributed to each bank department to donate back to a cause that is important to them. Shortly, we will share each unique department story on social media in what we are calling “22 Days of Giving”

This holiday season we will also be selling the 2nd edition of the Walden Savings Bank Employee Cookbook at each our of branch locations. Filled with 145 of our favorite family recipes in honor of our 145th Anniversary, we are thrilled to share the proceeds with the Food Bank of the Hudson Valley. At just ten dollars, this cookbook makes a great holiday gift for everyone on your list and helps local families in need.

I would like to take this opportunity to say thank you to our loyal customers. You continue to put your financial trust in us and that has helped us to have another successful year. We wouldn’t have made it 145 years without you!

On behalf of the Board of Directors and employees at Walden Savings Bank, I wish you and your loved ones a wonderful holiday season and a joyous New Year.




Derrik R. Wynkoop

President & C.E.O.


Board of Directors


Jeffrey D. CristChairman of the Board
Ira. D. Conklin, III
Stephen E. Burger
Dr. Peter V. Masci
Gill Mackay
Edward F.X. Gallagher, Jr.
Derrik R. Wynkoop


David C. Lustig, Jr.
Marcus H. Millspaugh, Jr.
Jeffrey A. Sohns
Richard L. Jansen

L to R: Gill Mackay; Stephen E. Burger; Jeffrey D. Crist - Chairman of the Board; Derrik R. Wynkoop, Edward F.X. Gallagher, Jr.; Dr. Peter V. Masci; Ira D. Conklin, III


Derrik R. Wynkoop President & CEO
Catherine Terwilliger Executive Vice President & COO
Daniel P. Downing Senior Vice President, Retail Lending
Brian Ratynski Senior Vice President, Commercial Lending
John Scognamiglio Vice President & CFO
John M. Carola Vice President, Retail Delivery & Marketing
Joann Menendez Vice President, Corporate Secretary
Pamela Spieler Vice President, Human Resources
Gail G. Swalm Vice President, BSA Officer
Cindy L. Voss Vice President, Information Technology
Greg L. Roe Vice President, Commercial Lending
William F. Vacca Vice President, Business Development
Mary Samuels Vice President, Commercial Lending
David Garlinghouse Vice President, Commercial Lending
Timothy T. Hoppe Assistant Vice President, Data Operations
Gloria Kozlowski Assistant  Vice President
Garry Michel, CFP® Assistant Vice President, Financial Advisor
Alicia Moir Assistant Vice President, Controller
Karin Winum Assistant Vice President, Human Resources

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