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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

The past year has truly been an unprecedented time for all of us. Throughout it all, the well-being of our customers and employees has remained our top priority. While Thanksgiving festivities may look different this year, we’d like to wish you and your family good health and best wishes as we all navigate these uncertain times.

The holidays are a time when many of us gather together to help our friends and neighbors. Our employees always look forward to doing their part as well. One event that has become a favorite among our staff is the annual "Stuff the Van" food drive benefiting the Food Bank of the Hudson Valley. This will be the 6th year that Walden Savings Bank employees have participated and we are excited to add to the more than 10,000 pounds we’ve previously donated!

Now in its fourth year, we’re proud to once again be participating in our “22 Days of Giving.” Walden Savings Bank employees make a weekly donation to have the ability to dress casual on Friday’s. The funds raised are then matched by the bank and are distributed amongst our twenty two branches and departments. Each team then selects a cause or family in need to support that is meaningful to them. This year our employees contribution and the bank's match raised $22,000 that was donated to those in need in our community. Be on the lookout next month for the many heartwarming stories of our charitable giving.

We’re also proud to sponsor two exciting holiday giving initiatives. The first is K104 Radio’s “The Twelve Days of Christmas Wish”, awarding $500 to 12 local families or individuals in need. The second initiative is Energy 103 Radio’s “Community Champion” that recognizes six unsung community champions, earning them $500 for their organization or cause.

It is our privilege to serve you, and we are thankful for the opportunity to work with the businesses and residents of the Hudson Valley. We realize that this has been an unconventional year and hope that 2021 provides you and your loved ones with greater health and prosperity. On behalf of the Board of Directors and staff at Walden Savings Bank, I wish you a very Happy Thanksgiving.


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
Edward F.X. Gallagher, Jr.
Norman "Marti" Sassi, CPA
Derrik R. Wynkoop
Dr. Michelle A. Koury


Marcus H. Millspaugh, Jr.
Jeffrey A. Sohns
Richard L. Jansen
Gill Mackay
Directors Image

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


Name Position
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
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 Assistant 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

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