VINELAND — Century Savings Bank is pleased to announce the hiring of David J. Hanrahan as President and Joseph F. Rehm as Senior Vice President of Commercial Lending.
The position of President and Chief Executive Officer, currently held by David J. Hemple, has been separated into two positions. Hemple will continue in his role as Chief Executive Officer, while Hanrahan will serve as President.
These additions to the leadership team align with the strategic plan for the ongoing success and expansion of the commercial lending division of the bank and to further demonstrate our dedication to continuous improvement throughout the organization.
“This new structure will put tremendous experience and expertise at the helm of our bank,” said Carl Kirstein, board chairman. “Both Dave Hemple and Dave Hanrahan are very successful CEOs, and their individual capabilities, skills and personalities are highly complementary of one another. Working together, they will be a powerful and successful team in unlocking the full potential of this unique franchise and establishing Century Savings Bank as the premier community bank in South Jersey.”
As president, Hanrahan will be responsible for directly overseeing the lending division of the bank as well as the development of new and expansion of existing loan products and services and exploration into new markets. “Dave Hemple and I are committed to a partnership of innovation that will drive growth in all of our business and commercial lines. Century’s deep community roots, long history, financial strength, and mutual structure make it ideally suited to serve the unique banking needs of South Jersey,” stated Hanrahan.
As Senior Vice President of Commercial Lending, Rehm will focus on expanding Century’s commercial client base by offering flexible solutions tailored to meet the needs of area businesses. “I am excited to join the Century team to help drive the growth and development of the commercial lending division while leveraging our unique value proposition as a mutual bank,” said Rehm.
“I am pleased to welcome Dave and Joe to Century,” added Pete Bertram, Senior Vice President of Lending. “Their extensive lending background and broad knowledge of the industry further strengthens a proven lending team as we work towards expanding our commercial portfolio throughout South Jersey.”
“Dave and Joe are outstanding leaders who will contribute greatly to Century’s future success. These additions to the Century Savings Bank leadership team illustrate the importance we place on identifying and securing the greatest talent available to best serve our customers and communities,” concluded Hemple.