Sturdy Savings Bank in Stone Harbor, NJ, has a new CEO.
The $1.3 billion-asset bank said in a press release that Gregory Matuson has also become its president. Matuson succeeded Gerald Reeves, who had held the top posts for 15 years.
Matuson previously served as Study’s chief operating officer. He will also join the bank’s board.
“During his tenure with Sturdy Savings Bank, Greg has proven himself to be an experienced and effective leader,” James Fisher, the bank’s chairman, said in the release. “His management philosophy is rooted in our vision, mission, and guiding principles.”