Baker Public Relations, Inc.
O: 518.426.4099 | M: 518.506.1128
FOR IMMEDIATE RELEASE:
July 30, 2013
PIONEER BANK PROMOTES SARRATORI TO EXECUTIVE VICE PRESIDENT,
MAKES JOHNSON NEW CHIEF INNOVATION OFFICER
TROY, N.Y. – As part of Pioneer Bank’s comprehensive restructuring to position itself for future growth, Tom Amell, president and CEO, announces that Frank Sarratori has been promoted to executive vice president and chief administrative officer effective immediately.
Sarratori’s new responsibilities include general oversight of the bank’s retail information systems while retaining his previous duties as general counsel and facilities management. Sarratori has been with the bank for nine years and most recently worked closely on the launch of the bank’s newest branch, Clifton Park East.
Karl Johnson has moved into a newly created position as senior vice president and chief innovation officer to match his new responsibilities. He was previously senior vice president and chief retail officer. Johnson has been with Pioneer Bank for eight years and most recently oversaw the bank’s retail segment. In his new role, Johnson will be responsible for delivering innovative solutions to help the bank better position itself in a changing industry.
“These enhancements to the staff are an important piece of the bank’s vision going forward and will allow us to better focus on the areas we plan to grow,” stated Amell. “I continue to be proud of all of our employees and the efforts that they make to deliver our customers a world-class experience. We are truly blessed to have such a great team in place, and I am excited about the direction of Pioneer.”
Amell joined Pioneer Bank as its president in July of 2012 and was named CEO in June of this year.
Earlier this year Pioneer Bank launched a new retail branch concept in Clifton Park that features a small retail area with Pioneer-branded items, shredders, personal safes, and more. Cocoajochoco, Pioneer’s own chocolate and Pioneer Jo, Pioneer’s own coffee can be purchased at the branch and proceeds for purchases will benefit local charities.
The bank also launched a new retail checking product called High Five, which is a reward’s-based checking account and introduced new services like Instant Access Debit Cards that print debit cards on demand for customer.
“Pioneer Bank is positioned as a leader in innovative products and services,” noted Amell, “and these changes will help enhance our transformation as we continue to meet the needs of our customers.”
About Pioneer Bank:
Pioneer Bank, headquartered in Troy N.Y, has 17 branches throughout the Capital Region. Founded in 1889, Pioneer is a mutual savings bank which means that it does not have shareholders or corporate owners. As such, the Bank focuses exclusively on the benefit of its customers, employees, and the communities it serves instead of focusing on the need to maximize return for investors. Pioneer offers a full line of retail, business and municipal products and services including checking, savings, lending, and investment services. Learn more at pioneersb.com.