Bankers Bank Northeast in Glastonbury, Conn., has hired a former Home Loan bank executive to be its next chief.
Craig Howie will become president on July 15 and will become chief executive following the retirement of current CEO Peter Sposito on Sept. 30, Bankers Bank said Thursday. Sposito, who founded the bank in 1998 and has been president and CEO ever since, announced his retirement in February.
Howie was most recently a group director at the Federal Home Loan Bank of Pittsburgh, where he began work in 1990. Earlier, he served as its chief credit officer. The Home Loan bank terminated Howies employment at the end of last year due to changing business needs, it said in a regulatory filing.
Bankers Bank Northeast, with assets of $133 million, provides correspondent banking services in the Northeast. Its board elected a new chairman in February.