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Marjorie S. Rovereto Named President of Hometown Bank of the Hudson Valley

Aug 07, 2012

Marjorie S. Rovereto Named President of
Hometown Bank of the Hudson Valley

August 7, 2012, Walden, NY – The Board of Directors of Hometown Bancorp, Inc., its mutual holding company parent Hometown Bancorp, MHC and its wholly owned subsidiary Hometown Bank of the Hudson Valley has named Marjorie S. Rovereto as their new President. Mrs. Rovereto, who will assume her duties on August 13, 2012, is an accomplished senior executive and dynamic leader in the Community Banking industry, with over 25 years of experience. She is the past President and Chief Executive Officer of Ulster Savings Bank, headquartered in Kingston, New York.

Marjorie S. Rovereto earned her Bachelor of Science in Finance and Management from The State University of New York at Albany. She is a graduate of the National School of Finance and Management at Fairfield University and has taken courses in Accounting, Management and Business Law at Union College.

"Marjorie comes with impressive credentials", stated Steven Howell Chairman of the Board. "Her expertise in lending, operations and executive management makes her an excellent choice as a leader."

Marjorie S. Rovereto will take over for Thomas F. Gibney, President and Chief Executive Officer, who will be retiring at the end of the year. Mr. Gibney will remain as Chief Executive Officer, until his retirement, in order to provide for an orderly transition.

"Marjorie is highly motivated and has always been actively involved in her community. With her as President, the resulting presence of our bank in the communities we serve will be a strong, proud and successful one", stated Thomas F. Gibney.

Hometown Bank of the Hudson Valley maintains six full-service branches including Walden, Montgomery, Otisville, Newburgh, and two offices located in Monroe, New York. Hometown Bank’s Mortgage and Loan Center is located at 74 West Main Street, Walden and its Commercial Loan Division is located on Route 52, near Route 300, in Newburgh next door to its branch. For more information, visit www.hometownbankhv.com.