skip to main content
Back To Top

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 we approach the holiday season, we'd like to extend a sincere thank you to our many customers and the entire community for all of your support this year. The holidays are a time when many of us join together to help our friends and neighbors and our employees always look forward to doing our part as well.

One of our favorite annual traditions is the "Stuff the Van" food drive benefiting the Food Bank of the Hudson Valley. This will be the 5th year that we have participated and our team is excited to add to the 8,000 pounds we’ve previously donated! 

Already entering its third 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 among our twenty two branches and departments. Each team then selects a cause or family in need to support that is meaningful to them.  Be on the lookout next month for these many heartwarming stories.

As in years past, our branches will serve as a drop off site for Toys for Tots, and many other local charitable initiatives. We’re also proud to sponsor “Fox Radio’s Holiday Gift” initiative, awarding $500 to ten local families in need.  

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. On behalf of the Board of Directors and staff at Walden Savings Bank, I wish you and your loved ones a very Happy Holiday Season!


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
Name Position
William F. Vacca Vice President, Business Development
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

sign up to keep informed

your email here
Walden Savings Bank's Model