About Us

The Concept
Directors
Advisory Board
Peter J. Sposito, CEO
Charlotte Hansen CPA, SVP/CFO
Elissa G. Reynolds, SVP
Susan W. Salecky, SVP
Peter T. Garland, SVP/CCO
Crystal Sides, SVP/Enterprise Risk Manager
Richard J. Nurge, VP
Charles Maynard, AVP/ Relationship Manager
Richard C. Layman, AVP/Senior Credit Analyst
Geoffrey S. Gibbons, Loan Administration Officer
Rachel Carlson, AVP/Information Systems Security Officer
Roxann Boyce, Accounting Officer
April MacClain, Client Services Officer
Lora L. Prior, Operations Compliance Officer
Anne H. Jones, Corporate Secretary / Office Manager
Support Staff
Contact Us

The career of Peter J. Sposito President and CEO spans over 45 years in banking with an emphasis on sales management and depository institution market development. He is recognized both regionally and nationally for his diverse expertise within the correspondent banking arena. He has had extensive interaction with the CEOs and CFOs of banks, thrifts and credit unions throughout the Northeast. Mr. Sposito has a strong working knowledge of the national payment system, lending, investments, operations, systems, regulatory compliance and software selection and conversions.

Mr. Sposito began his career with the Hartford National Bank. He served at the Connecticut National Bank (when HNB purchased CNB) as Manager of the Correspondent Banking Group. In his position he directed all the bank-to-bank business activity within the Connecticut and the National markets. After a merger with Shawmut Bank, he was selected to lead the Correspondent Banking Divisions in Boston and Hartford. Shawmut was at that time recognized as the largest domestic correspondent bank in New England.

In 1994 Mr. Sposito recognized an opportunity to directly provide community banks with a collection of correspondent services. Dramatic changes in the banking industry had negatively impacted traditional correspondent banking activity. His research led to the formation of a bankers' bank; the sole purpose of which is to meet the financial, operational, consulting, risk control and general business needs of community banks and credit unions by working as a business partner not as a competitor. After an extensive due diligence process, a significant amount of capital was raised and a special charter was granted by the State of Connecticut on September 8, 1998. Mr. Sposito was elected President / CEO and Director of the de-novo bank; i.e. Bankers’ Bank Northeast.

In 2006, he was appointed a Director of the Independent Community Bankers Association, the ICBA. He completed a second term of office and during which he served on the Congressional Affairs Committee. He also serves as a director of the Connecticut Farmland Trust, a not for profit organization that works to preserve farmland throughout the State. He is active at St. Dunstan Church, Glastonbury, Connecticut. He and his wife Susan reside in Glastonbury.

Mr. Sposito graduated from Manhattan College with a Bachelor of Science in Business Administration - Major in Accounting. He completed his graduate degree at the University of Connecticut where he received an MBA in Marketing in 1968.