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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

As the weather turns warmer and the sights and sounds of Spring are all around us, it is very encouraging to see businesses opening back up to full capacity and events beginning to take place again. We have many things to be excited about within Our Community and here at Walden Savings Bank.

While the community opens back up for business, Walden Savings Bank and its employees have continued to volunteer and safely participate in several events. Our team recently participated in the Town of Montgomery Clean Sweep, WSB’s Adopt a Highway Clean Up, and we held our first Community Shred Day of 2021. Be sure to check out our newly expanded community page to learn more about these events and to see where we will be next. If you were unable to attend our first Community Shred Day, there will be two more opportunities to safely destroy your confidential documents. Visit us at for the full schedule.

We are happy to share that our Community Champion program will continue throughout 2021. Our partnership with Energy 103 created the “Community Champion” program as a way to highlight members of our community who volunteer and selflessly help others. The Bank also awards the affiliated non-profit organization with $500. If you know someone who volunteers locally, nominate them today for consideration and learn about the recent Community Champions by visiting us at  

Next, our Scott’s Corners Branch is about to undergo a digital transformation. The project includes renovations to 3,100 square feet of interior space including the creation of the “WSB Café,” a coffee bar for guests, and a digital discovery center that will offer access to hands-on demonstrations of the latest in banking technology. Plans also include a renovated lobby equipped with expanded self-service options, workstations for customers, and a more efficient use of space for a more interactive customer experience. Construction will begin this Spring with the Storm King Group, based in Montgomery, overseeing the renovation.

Finally, we are proud to begin the countdown to our 150th year in business in 2022! As we prepare for this milestone, we will be sharing ways that our community, our customers and our employees can get involved that will include fun celebratory content on our website, email, and social media channels. We could not have made it this far without our loyal customers, some of whom have been banking with us for generations, as well as our team of outstanding employees. We are excited to include the entire community in our anniversary celebrations over the next twelve months.

I look forward to sharing more updates with you as the year goes on.  As always, 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. 


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 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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