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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

It’s hard to believe that 2020 is upon us and on behalf of everyone at Walden Savings Bank, we would like to thank you for a very successful 2019! From being voted "Best Bank" for the sixth straight year in the Times Herald-Record Reader's Choice Awards to earning your confidence with a 97.7% overall customer satisfaction rating, we are honored to have earned your loyalty and support. We truly appreciate you making Walden Savings Bank your bank of choice in the communities we serve and we’re excited to share several new happenings in the coming year.

  • As we make our way through 2020, you will start to see some exciting changes taking place at our Scott’s Corners and Washingtonville offices. Both of these branches will be undergoing renovations, taking advantage of the latest in banking technology. Of course, you can still count on the same level of personal service you’ve come to expect from our team.
  • Coming in 2020, we will be introducing an enhanced checking account suite that will also include a number of new benefits including debit card rewards.
  • For customers in the Dutchess County market, our Beacon Lending Office is open for all your residential and commercial lending needs. Conveniently located in downtown Beacon, at 554 Main Street, Mortgage Originator, Christopher Karas is on hand Monday – Friday from 9:00am to 4:00pm and by appointment. Customers also have access to financial planning through Walden Investment Services at our Beacon location. Simply call us at 845-457-8250 to make your appointment today.

As a reminder, our customers have access to many different types of technology to make banking easier, more convenient and more secure. If you’ve yet to try these for yourself, I encourage you to try  Person to Person Payments, Self Service Functions such as online account opening and e-statement enrollment, Bank Wise- Personal Financial Management Dashboard and the Card Valet mobile app, that allows you to control how, when and where your debit card is used.

Stay tuned for more exciting announcements and be sure to stay current on all of the latest Walden Savings Bank news and events, by signing up for our newsletter below.Thank you to our many loyal customers. If you have yet to join 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 small business customers while supporting the overall well-being of 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
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 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
Katie Foley Assistant Vice President, Business System Liaison


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