Date: Fri 29-Jan-1999

Publication: Bee

Author: KAAREN

Quick Words:

Savings-Bank-officers-Newtown

Full Text:

Newtown Savings Bank Announces Promotions

Newtown Savings Bank this week announced the promotions of six executive staff

members including Joseph J. Humeston, who has been named senior executive vice

president.

Mr Humeston, second in command at the bank, will be responsible for expanding

commercial and industrial loan production, loan servicing, and all of the

bank's retail lending functions. He also is secretary of the bank, secretary

of NSB Investments, and secretary of the NSB Foundation, Inc.

John F. Trentacosta has been promoted to executive vice president, finance.

His responsibilities will include the bank's accounting functions, call

reporting, financial reporting, insurance, and maintaining the financial

systems of budgeting, forecasting, cost accounting, product profitability, and

certain management information systems.

The role of Kenneth W. Evans, executive vice president and treasurer, has been

expanded to include all of the investment activities and managing the bank's

liquidity. He also will assist in investing mortgages in the secondary market

and managing future mortgage-backed properties. Mr Evans is the treasurer of

NSB Investments and the NSB Foundation.

Kevin J. Carroll has been promoted to executive vice president, operations.

His responsibilities include the bank's branch system, management information

services, compliance officer, human resources, training, and security. He also

is chairman of the bank's Y2K Committee.

Thomas D. Wells has been promoted to vice president, responsible for

management of the bank's loan review function, collection efforts, recovery of

other real estate, and the calculation of the allowance for loan losses.

Madeleine Farkas, assistant vice president, has been appointed to head the

bank's Management Information Services Department. This department is

responsible for providing support to all management information service

functions, including FiServ, the local area and wide area networks, FSA, GL

System, and others.