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About us

Walden Savings Bank, established in 1872, is the 11th oldest federally chartered mutual savings bank headquartered in Montgomery, New York. With a total of 11 full-service branches serving the Hudson Valley region, and a lending office located in Beacon, New York, 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.


President's Message

Since 1872, Walden Savings Bank has remained committed to serving our community, customers and employees and 2022 is no different. This year marks Walden Savings Bank’s 150th year in business and we could not have achieved this milestone without you - our loyal customers, many of whom have been banking with Walden Savings Bank for generations.

On April 25, 2022, Walden Savings Bank celebrated our 150th anniversary. As we reflect on our history, we pay homage to one of the bank’s prior taglines from 1925. When Walden Savings Bank was known as “The Bank with the Old Chime Clock.” This historic four-sided clock was a focal point in the Village of Walden and would chime each hour. Over the years, the clock was updated in the 1960’s then restored in 1992 to represent a replica of our original clock. However, the one thing missing from the latest rendition of the clock was the historic chime. Thus, I am excited to share that to commemorate our anniversary the clock will once again chime beginning on April 25, 2022!  

Easily one of our most popular events, we will be offering several free community shred days throughout the year. For more details and the full schedule for 2022 be sure to visit here: Walden Savings Bank Community Shred Days. 

Lastly, our Scott’s Corners Digital Branch Transformation is complete! If you’ve yet to explore the new Scott’s Corners Branch, we invite you to come visit us today. Here you will find the “WSB Café,” our digital discovery center and Walden Savings Bank’s “Virtual Branch of the Future, an innovative augmented reality experience. On Tuesday, April 26th, 2022 we partnered with the Orange County Chamber of Commerce to celebrate this newly renovated space with a Grand Re-Opening, Ribbon Cutting and Anniversary Ceremony.

We are happy to be celebrating our 150th anniversary this year and we will continue to share ways that our community, customers and employees can participate in our yearlong celebration! I look forward to sharing more updates with you as the year progresses. As always, it is our privilege to serve you and we are thankful for the opportunity to be the bank of choice in the communities we serve.  


President & C.E.O.


Board of Directors


Norman "Marti" Sassi, CPAChairman of the Board
Jeffrey D. CristImmediate Past Chair and Vice Chairman
Ira. D. Conklin, III
Stephen E. Burger
Dr. Peter V. Masci
Edward F.X. Gallagher, Jr.
Derrik R. Wynkoop
Dr. Michelle A. Koury


Jeffrey A. Sohns
Richard L. Jansen
Gill Mackay
Directors Image

L to R: Dr. Peter V. Masci, Jeffrey D. Crist - Immediate Past Chair & Vice Chairman, Stephen E. Burger, Dr. Michelle A. Koury, Derrik R. Wynkoop, Ira D. Conklin III, Edward F.X. Gallagher, Jr., Norman M. Sassi, CPA- Chairman of the Board


Name Position
Derrik R. Wynkoop President & CEO
Catherine Terwilliger Executive Vice President & COO
Melissa J. Blough 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
Lisa Gariolo Vice President, BSA Officer
Cindy L. Voss Vice President, Information Technology
Michael Snyder Vice President, Controller
Greg L. Roe Vice President, Commercial Lending
William F. Vacca Vice President, Business Development
Name Position
Mary Samuels Vice President, Commercial Lending
David Garlinghouse  Vice President, Commercial Lending
Gloria Kozlowski Vice President, Retail Lending
Garry Michel, CFP® Vice President, Financial Advisor
Karin Winum Vice President, Human Resources
Michael Weimer Vice President, Commercial Lending
Timothy T. Hoppe Assistant Vice President, Data Operations
Lillian Carbonara Assistant  Vice President, Area Retail Manager
Amy Minutolo Assistant Vice President, Area Retail Manager
Nichole Moretto Assistant Vice President, Bank Operations Administrator
Crystal Johnson Assistant Vice President, Assistant Controller
Katie Foley Assistant Vice President, Business System Liaison
Zachary Peterson Assistant Vice President, Credit Department Manager
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