NEW CANAAN, Conn.--(BUSINESS WIRE)--
Bankwell recently appointed Penko Ivanov of Wilton as Executive Vice
President, Chief Financial Officer at Bankwell Financial Group and its
subsidiary, Bankwell Bank, both headquartered in New Canaan, Connecticut.
“Penko will be a strategic partner and responsible for the overall
fiscal management of the organization. He brings extensive corporate
financial experience to Bankwell and we are fortunate to have someone
with his talent and expertise on our senior management team,” notes
Chris Gruseke, who is President and CEO of both the bank and the holding
company. “He will be a tremendous asset for the continued growth of our
organization.”
Mr. Ivanov comes to Bankwell with more than 24 years of experience in
accounting and finance. His more recent roles included CFO for the US
Operations of Doral Bank, where he created a scalable Finance
organization to support the rapid growth of several business units from
infancy to $3 billion in assets and CFO of Darien Rowayton Bank. He
began his career with Ernst & Young and held various accounting/finance
positions at PepsiCo, GE Capital and Bridgewater Associates. He has a
proven track record in building, improving and overseeing all Finance
areas, including Controllership, SOX, Treasury, FP&A, as well as
internal and external reporting functions.
Mr. Ivanov holds MBA and Bachelor Degrees in Accounting and Finance from
the University of South Florida and is a Certified Public Accountant. He
is also Six Sigma Black Belt certified.
He is a 20 year resident of Wilton, Connecticut, where he resides with
his wife and two children.
Ernest J. Verrico, Sr., the Company's retiring CFO who announced his
retirement plans earlier in the year, will remain with the Company in an
advisory role through the end of January 2017.
Adds Gruseke, “Ernie has been an important part of the Bankwell team for
the last seven years. We thank him for his dedication and congratulate
him on his retirement. Ernie's availability through January will ensure
a smooth transition.”
About Bankwell Financial Group
Bankwell is a community bank that serves the banking and lending needs
of residents and businesses throughout Fairfield and New Haven Counties,
CT. For more information about this press release, interested parties
may contact Diane Knetzger, Director of Marketing at (203) 652-6319.
For more information, visit www.mybankwell.com.
This press release may contain certain forward-looking statements
about the Company. Forward-looking statements include statements
regarding anticipated future events and can be identified by the fact
that they do not relate strictly to historical or current facts. They
often include words such as “believe,” “expect,” “anticipate,”
“estimate,” and “intend” or future or conditional verbs such as “will,”
“would,” “should,” “could,” or “may.” Forward-looking statements, by
their nature, are subject to risks and uncertainties. Certain factors
that could cause actual results to differ materially from expected
results include increased competitive pressures, changes in the interest
rate environment, general economic conditions or conditions within the
securities markets, and legislative and regulatory changes that could
adversely affect the business in which the Company and its subsidiaries
are engaged.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161110005975/en/
Bankwell Financial Group
Diane Knetzger, 203-652-6319
Director
of Marketing
Source: Bankwell Financial Group, Inc.