The Bank Slate


First Hope in N.J. keeps it in the family with latest CEO hire

First Hope Bank in Hope, N.J., has a new CEO.

The $629 million-asset bank said in a press release that Daniel Beatty has also become its president. He succeeded Donald Somma, who had led the bank since 2016.

Beatty, who represents the fourth generation of the bank’s founding family, previously served as a senior executive vice president. He was the chief operating officer from 2011 to 2021, according to his LinkedIn profile.

“I am honored to carry forward the legacy of my predecessors and continue the tradition of excellence at First Hope Bank,” Beatty said in the release.

“I could not be more confident with the entire team we have in place,” he added. “Our focus will remain on providing exceptional service, fostering community growth, and embracing innovation to meet the evolving needs of our customers.”

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