The Bank Slate


Northwest Community in Conn. lines up next CEO

Northwest Community Bank in Winsted, Conn., will have a new CEO this fall.

The $1.1 billion-asset bank said in a press release that Maura O’Sullivan Malo will also become its president on Sept. 1. Malo, the bank’s chief operating officer, will succeed Stephen Reilly, who is retiring.

Malo was a bank examiner with the Federal Deposit Insurance Corp. from 1993 to 2003.

Malo “has been one of our rising stars for some time, and she is incredibly qualified to take on new leadership responsibilities,” Reilly said in the release.

“I know she has the background and skills necessary to lead the bank to serve our employees, customers and communities well,” Reilly added.

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