YORKTOWN HEIGHTS, N.Y., Jan. 30, 2017 /PRNewswire/ -- PCSB Bank today announced the election of Willard I. Hill, Jr., an attorney with extensive executive leadership experience in financial services, to its Board of Trustees. In addition, Mr. Hill has been elected to serve as director of the Bank's new holding company, PCSB Financial Corporation.
"Willard Hill's expertise in corporate, insurance, and financial services law, as well as government relations and strategic communications, will be a significant resource for PCSB Bank as we move into a new phase as a shareholder owned company," said Joseph D. Roberto, chairman, president and chief executive officer of PCSB Bank. "He has a proven track record as an influential, strategic, and innovative leader with public companies."
Willard I. Hill, Jr. served as managing director, chief marketing and communications officer and head of government relations for MBIA Inc., a major financial guarantee insurance company. Previously, he held a position on MBIA's executive management team as global chief compliance officer, and separately as head of investor relations. Mr. Hill retired from MBIA in 2013. Earlier in his career, he was president of the government deferred compensation business at ING US Financial Services (now Voya Financial) and he held senior executive positions in the legal and business divisions at Aetna, Inc.
Mr. Hill earned his MBA from the University of Connecticut School of Business, a Juris Doctor from Howard University School of Law, and a B.A. from Fisk University. He serves on the Board of Directors of the Council for Economic Education and the Food Bank for Westchester.
Willard Hill commented, "I look forward to working with PCSB Bank's Board and management to meet the financial needs of individuals and businesses in our market and continue the bank's long history of service to its customers."
In December 2016, PCSB Bank announced that its Board of Trustees had unanimously approved a Plan of Conversion whereby it will convert from a New York-chartered mutual savings bank to a New York-chartered stock savings bank. As part of the conversion, PCSB Bank will become the wholly-owned subsidiary of a new corporation, named PCSB Financial Corporation, which will become the bank holding company of PCSB Bank.
About PCSB Bank
PCSB Bank has served the banking needs of its customers in the Lower Hudson Valley of New York State since 1871. It operates from its executive offices/headquarters and 15 branch offices located in Westchester, Putnam, Dutchess, and Rockland counties. PCSB Bank has consolidated total assets of $1.3 billion, total deposits of $1.1 billion and total equity of $111.5 million.
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SOURCE PCSB Bank