OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, announced April 3 that its board of directors has named James A. (Jim) Dowd as president and CEO of the company and the bank. Dowd had served in both roles on an interim basis since April 14, 2022, following the […]
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, announced April 3 that its board of directors has named James A. (Jim) Dowd as president and CEO of the company and the bank.
Dowd had served in both roles on an interim basis since April 14, 2022, following the resignation of Thomas W. Schneider, the prior Pathfinder president and CEO, who transitioned to a new position as director of capital markets and corporate strategy.
Dowd will also be nominated by Pathfinder Bancorp’s board of directors for election to serve as a member of the board, pending approval by the company’s shareholders at its annual meeting on June 1.
“On behalf of the Board, we are excited to elevate Jim to the role of President and CEO. The Board determined that Jim is indeed the right steward of the Company as we seek to enhance the growth of Pathfinder Bank. Jim has proven adept, both in his previous roles and now in his current role, at guiding our business through challenges and we believe that he will be equally adept in leading the improvements that we seek as we move forward,” Chris R. Burritt, chairman of the Pathfinder Bancorp board, said in a release. “His demonstrated leadership, experience, and broad business and community relationships, along with his extensive industry knowledge, will continue to guide us in the times ahead. Notably, Jim and the leadership team that he has guided, have acted decisively in the face of recent economic uncertainty by remaining focused on effective expense management while concurrently making appropriate investments to support the Company’s future growth.”
Dowd said he is “honored that our Board has given me the opportunity to lead the Company and Pathfinder Bank and advance our vision of being the local bank our community trusts. I am excited to work closely with our senior managers and their team members as we continue to enhance trust and confidence in Pathfinder Bank within our markets. As always, I am grateful for all of our employees’ hard work and dedication during these extraordinary times. While we have had our share of challenges, I believe our strong financial performance, dedicated and competent team, and healthy capital position leave us well-positioned to strengthen Pathfinder Bank in the long-term.”
Dowd has worked for Pathfinder Bank since 1994, when he joined as controller. He has since held many prominent roles at the bank. In 1999, Dowd was promoted to chief financial officer, followed by chief operating officer (COO) in 2017. Most recently, Dowd held the position of executive VP and COO, before becoming interim president and CEO last year.
Pathfinder Bank is a New York State-chartered commercial bank headquartered in Oswego that has 11 full-service branches located in its market areas of Oswego and Onondaga counties and one limited-purpose office in Oneida County.