Ridgewood Savings Bank in Ridgewood, N.Y., has given its chief operating officer a promotion.

The $5.2 billion-asset mutual said in a press release Thursday that Leonard Stekol had become its president. Stekol was also elected a trustee; he will remain chief operating officer.

Stekol has worked for Ridgewood for 23 years. At one point, he was the chief financial officer.

"I am confident that Leonard will ensure Ridgewood Savings Bank remains focused on the ideals that the bank was founded on in 1921, and will continue to implement the forward thinking vision needed for the Bank to remain strong," Peter Boger, the mutual's chief executive, said in the release.

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