ConnectOne Bancorp in Englewood Cliffs, N.J., announced a series of executive appointments to help drive its digital strategy.
The $7.4 billion-asset company said it had promoted Elizabeth Magennis, its chief lending officer, to president of ConnectOne Bank. In her new role, Magennis, who has been at ConnectOne for 14 years, will oversee the bank's growth and strategic direction.
Magennis will report to Frank Sorrentino, the company's chairman, president and CEO. Sorrentino had been the bank's president.
ConnectOne also named Michael O’Malley as its chief risk officer, a new position. O'Malley had been director of enterprise risk and strategic initiatives and head of operational risk at OnDeck Capital, according to his
OnDeck
Siya Vansia was promoted to chief brand and innovation officer, another new position. Vansia had been ConnectOne's chief brand officer.
The moves are intended to deepen ConnectOne's management bench as it invests more in digital banking, Sorrentino said in a Tuesday press release. ConnectOne is eyeing partnerships with fintechs as well as creation of a secondary digital banking brand.
“These new appointments reinforce our mission to build a better place to be for our clients and will support our investments in the future of banking,” Sorrentino said in the release.
