Arcuri will also serve on the bank’s board of directors. In addition, the company has also named Arcuri CEO of Adirondack Insurance Services.
He’ll also serve on the board of directors for Adirondack Financial Services, the company said in a news release.
Arcuri replaces Gary Kavney as president and CEO. Kavney will now serve as vice chair of the Adirondack Bank board of directors, the company said.
Arcuri previously served as senior lender and head of commercial services for Adirondack Bank, the company said. Kenneth Finegan, who joined Adirondack in 1992 and has 30 years of experience in commercial lending, replaces Arcuri in that role, according to Adirondack Bank.
Arcuri is a recent graduate of the Harvard Business School executive-management program, the bank said. He earned his bachelor’s degree from Le Moyne College.
The new CEO brings more than 30 years of retail and commercial-banking experience to the leadership role, according to Adirondack Bank.
“Under the leadership of my predecessor Gary Kavney, the bank realized significant growth, the result of managing to a set of core values that focused on our customers, providing them the very best in service and solutions to meet their financial needs and caring about the communities in which we work and live. It will be my responsibility to work with our board and our team of banking professionals to further expand this foundation and continue to enhance our community-banking mission centered on our customers and community,” Arcuri said in the news release.
Kavney assumed the role as president and CEO of Adirondack Bank in 1998 after a three-decade stint with First Trust & Deposit Co., which was later acquired by KeyBank. Since his arrival 15 years ago, Adirondack Bank generated steady growth. The assets have grown from $130 million to more than $600 million at the close of 2012, according to a Feb. 8 article in The Central New York Business Journal.
Other changes
Besides the CEO appointment, Adirondack Bank also announced the promotion of Robert Clark to executive vice president.
Clark is responsible for oversight of the bank’s branch network, sales and marketing, product development and growth, and expansion strategies, according to Adirondack Bank.
In addition, Eve Van de Wal, regional president of Excellus BlueCross BlueShield, has joined the Adirondack Bank board of directors, board chairman Harold (Tom) Clark, Jr. announced in the news release.
Van de Wal is an alumnus of the State University of New York (SUNY) The College at Brockport and the SUNY Institute of Technology.
She holds two master’s degrees in health-service management and business administration, the bank said.
Headquartered in Utica, Adirondack Bank operates 18 branch offices throughout Central and Northern New York, including an office at 120 E. Washington St. in Syracuse. The bank has about 170 employees.
Contact Reinhardt at ereinhardt@cnybj.com