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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

I hope everyone is having an enjoyable summer! This time of year remains busy for the Walden Savings Bank team and we are excited to provide you with some updates.

  • We are happy to share that Walden Savings Bank has been voted “Best Bank” for the 6th year in a row in the Times Herald Record Readers’ Choice Awards! Walden Savings was also selected as a winner in the categories for Mortgage Company, Overall Employer and Financial Planning (Walden Investment Services). We are very appreciative of your support and you can count on us to continue to earn your vote every day.

  • One of the most popular services offered since 2014 has been Instant Issue Debit Cards at select branches. Customers have enjoyed having the ability to come into their local branch and have a debit card instantly created. We are excited to share that this service will soon be expanded to all Walden Savings Bank branch locations! Stay tuned for more details as we rollout this service over the upcoming months.

  • Ensure that your debit card has the latest in convenience and security. If you have not yet enrolled in CardValet or activated our new Mobile Wallet - now is the perfect time to activate these services. Drop by any branch or call the contact center at 1-845-457-7700 to learn more.

  • If your summer plans include travelling, don’t forget that Walden Savings Bank can help. Our customers can purchase or redeem over 60 different currencies through our Foreign Currency Program in addition to having access to more the 55,000 surcharge free ATMs around the world.

Once again, thank you to all who voted in the Times Herald Records Readers’ Choice Awards this year. If you have not yet joined the Walden Savings Bank family, I invite you to give us a try. We remain dedicated to providing exceptional service and financial solutions to both personal and business customers while supporting the charitable activities in 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
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

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