Bankers' Bank Northeast in Connecticut Elects New Chairman

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Bankers' Bank Northeast in Glastonbury, Conn., has chosen a new chairman.

Rheo Brouillard, a longtime director, was tapped to succeed Ralph Shulansky, who died of a heart attack last month. Shulansky had been chairman since the $132 million-asset bank's creation in 1998. Brouillard is also the president and chief executive of SI Financial Group (SIFI) in Willimantic, Conn.

Bankers' Bank Northeast is in the process of making a transition from its original directors. Peter Sposito, the bank's founding president and CEO, announced his retirement last week; the bank is searching for a replacement.

"I'm thrilled with the board's choice," Sposito said in a press release. Brouillard "epitomizes the best of what being a community banker is all about. He's a leader in the towns that his institution serves, and he's a leader in the banking community. It's only appropriate that he now be the one to lead our board."

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