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About us

Walden Savings Bank, established in 1872, is the 10th 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.

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President's Message

As the buds blossom and nature awakens, we find ourselves in the vibrant embrace of spring—a season of renewal and hope. At Walden Savings Bank, we are delighted to share in the joy of this uplifting time with you, our cherished community. Just as flowers bloom and days lengthen, our commitment to serving you grows stronger. At Walden Savings Bank, we have products, services, digital solutions and accounts for everyone—from Checking Accounts to Savings, Mortgages, Loans, Business Services, and Financial Planning Services with Walden Investment Services*, we are here for you.

Whether you're managing your daily finances, planning for a new home, growing your business, or securing your financial future, we have you covered. Our comprehensive range of services is designed to meet your unique needs and provide you with the tools and support to achieve your financial goals.

As we look forward to what 2024 has in store for us, we are thrilled to announce that our Community Champion program will continue in 2024. This initiative reflects our ongoing commitment to making a positive impact in the communities we serve. In 2020, 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. We are accepting nominations not only for local volunteers but also for entire organizations doing great work in our community. Walden Savings Bank will then award selected champions $1,000 to the affiliated non-profit organization. If you know someone who volunteers locally or a community organization doing great things in our community nominate them today for consideration and learn more about the recent Community Champions by visiting us at Together, we can create meaningful change and contribute to the well-being of our community and neighborhoods.     

Next, always one of our most popular events, we will be offering several free community shred days throughout the year. Our first shred day will be held at our Scott’s Corners Branch on Saturday, April 27th from 10:00AM to 1:00PM. For more details and the full 2024 schedule be sure to visit us at

As always, it is our privilege to serve you, and we are thankful to be your bank of choice in the Hudson Valley.


President & CEO

Board of Directors


Norman "Marti" Sassi, CPA Chairman of the Board
Jeffrey D. Crist Immediate 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
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
Stephen Scott  Executive Vice President & COO
Michael Snyder  Vice President & CFO
Melissa J. Blough Senior Vice President, Retail Lending
Brian Ratynski Senior Vice President, Commercial Lending
Cindy L. Voss Senior Vice President, Information Technology
John M. Carola Senior Vice President, Retail Delivery & Marketing
Joann Menendez Vice President, Corporate Secretary
Pamela Spieler Vice President, Chief Diversity Officer
Lisa Gariolo Vice President, BSA Officer
Greg L. Roe Vice President, Commercial Lending
Michael Weimer Vice President, Commercial Lending
Mary Samuels Vice President, Commercial Lending
David Garlinghouse  Vice President, Commercial Lending
Name Position
John Coughlin Vice President, Business Development Officer
Gloria Kozlowski Vice President, Retail Lending
Garry Michel, CFP® Vice President, Financial Advisor
Karin Winum Vice President, Human Resources
Crystal Johnson Vice President, Controller
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, Deposit Operations Manager
Katie Foley Assistant Vice President, Business System Liaison
Zachary Peterson Assistant Vice President, Credit Department Manager
Tyler Ryan  Assistant Vice President, Lending System & Data Integrity Manager 
Keith Porsch Assistant Vice President, Training & Talent Manager
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