About Us

The Concept
Directors
Investor Banks
Advisory Board
Peter J. Sposito, CEO
Allen L. Nielsen, EVP & CFO
Richard B. Lockwood III, SVP
Richard J. Nurge, VP
August A. Oliveira, VP
Elissa G. Reynolds, VP
Susan W. Salecky, VP
Megan L. Desso, AVP
Peter T. Garland, CCO
Support Staff
Contact Us
What's New

Peter Sposito has over 35 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, and regulatory compliance and wholesale business development.

Mr. Sposito began his career with the Hartford National Bank shortly after completing the MBA program at the University of Connecticut.  As manager of correspondent banking he directed the business activity for the Connecticut and national markets.  After a merger with Shawmut Bank, he managed the Correspondent Banking Division for Shawmut Bank in Boston and in Hartford.

In 1994 Mr. Sposito recognized an opportunity to provide community banks with an array of correspondent services.  Dramatic changes in the banking industry had negatively impacted traditional correspondent banking activity.  His research led to the bankers' bank concept whose sole purpose was to meet the financial, operational and business needs of community banks. After an extensive due diligence process, capital was raised and a charter was granted to the Bankers' Bank Northeast on September 8, 1998.  Mr. Sposito was elected President / CEO and Director of the new entity.  He is Past Chairman of the Bankers' Bank Council, a national association of CEOs of bankers' banks.  He serves on the Board of Directors of Connecticut Farmland Trust, an organization formed to protect Connecticut's remaining farmland for agricultural use by current and future farmers.  Mr. Sposito is also active with Americares Homefront at St. Dunstan's Church in Glastonbury, CT.

Mr. Sposito graduated from Manhattan College with a Bachelor of Science in Business Administration, majoring in Accounting.  He completed his graduate degree at the University of Connecticut where he received an MBA in Marketing.  He lives in Glastonbury with his wife Susan.