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

Today, I have the privilege of sharing some very exciting news with you. We are truly honored to announce that Walden Savings Bank has received several awards once again in the annual Times Herald Record Reader’s Choice Awards. This year Walden Savings Bank received the following distinctions…

I cannot express our gratitude enough to our many customers and business and community members whose support made this possible. We never take such recognition for granted and you have our commitment to work even harder for you in the years to come.

On behalf of myself, Walden Savings Bank employees, and the Board of Directors, we thank you and are very humbled to have been selected for these awards.Thank you for allowing us to serve you, and in turn, support "Our Community".



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.
Norman "Marti" Sassi, CPA
Derrik R. Wynkoop
Dr. Michelle A. Koury


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

L to R: Gill Mackay; Norman M. Sassi, CPA; Stephen E. Burger; Jeffrey D. Crist - Chairman of the Board; Derrik R. Wynkoop, Edward F.X. Gallagher, Jr.; Dr. Michelle A. Koury; 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
Lisa Gariolo Vice President, BSA Officer
Gail G. Swalm Vice President, BSA Specialist
Cindy L. Voss Vice President, Information Technology
Greg L. Roe Vice President, Commercial Lending
Michael Snyder Vice President, Controller
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
Michael Weimer Assistant Vice President, Commercial Lending
Timothy T. Hoppe Assistant Vice President, Data Operations
Lillian Carbonara Assistant  Vice President, Area Retail Manager
Garry Michel, CFP® Assistant Vice President, Financial Advisor
Amy Minutolo Assistant Vice President, Area Retail Manager
Karin Winum Assistant Vice President, Human Resources

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