Walden Savings Bank appoints experienced banker Stephen Scott as EVP & COO



MONTGOMERY– Walden Savings Bank has named banking and financing executive Stephen Scott as its new Executive Vice President and chief Operating Officer.

Scott brings 18 years of experience to Walden Savings Bank, most recently as Chief Operating Officer of Salisbury Bank & Trust, based in Lakeville, CT.  He succeeds Catherine Terwilliger, who is retiring in February 2024 after 19 years at Walden Savings Bank.

“We’re proud to welcome Stephen Scott and his dynamic record of achievement and solutions to Walden Savings Bank,” said President and CEO Derrik Wynkoop.  “We look forward to Stephen leveraging his strategic vision to attain even higher levels of Walden Savings Bank’s exceptional banking experience.  We also thank Catherine for her years of quality customer-centric and operational leadership and wish her the best as she embarks on a well-earned retirement.”

“I am thrilled to partner with the Walden Saving Bank team to forge new pathways that complement the Bank’s impressive legacy of personalized attention and elite customer service,” Scott said.  “For more than 150 years, Walden Savings Bank has been deeply rooted in the Hudson Valley, but its legacy also includes prioritizing ongoing transformation.  That has resulted in the comprehensive portfolio of products and services customers benefit from today.”

At Salisbury Bank & Trust, his responsibilities included planning, coordinating and directing the daily activities of the Loan Servicing, Customer Support, Electronic Services, Treasury Services, Deposit Operations and Retail Operations departments.  He also managed 14 full-service retail bank branch locations across Connecticut, Massachusetts and New York; formulated and implemented the bank’s business plan; and served on several executive leadership committees.

Previously, as Chief Operating Officer of Fieldpoint Private Bank & Trust for seven years, Scott managed loan administration, loan servicing, deposit operations and Information Technology.  In addition, he oversaw five full-service bank branches and the bank grew from $750 million to $1.4 billion in total assets during his tenure.

Scott attended the American Bankers Association Stonier Graduate School of Banking at the University of Pennsylvania.  He earned his bachelor’s degree in Business Management from Western Connecticut State University’s Ancell School.  His education also includes programs through the Connecticut Bankers Association on advanced financial services, commercial lending, and consumer lending.

Image by: Pexels



Related Content

Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

Media Kit

    Data Protection

    The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

      Error: Contact form not found.

      The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

      Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

      Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

      The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

      Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

      Request Nomination Pack

      Error: Contact form not found.