VersaBank named a president for its new U.S. bank.
The Canadian bank said in a press release that Tel Matrundola will take on the role at the newly created VersaBank USA. Matrundola was chief strategy officer at PWC Capital, VersaBank’s former parent company.
Shawn Clarke was named chief operating officer of VersaBank USA; he was CFO at the Canadian bank. Tim Bloom will serve as chief risk officer at the U.S. bank, while Kevin Sullivan was named Bank Secrecy Act officer.
VersaBank USA will be created when the Canadian bank buys Stearns Bank Holdingford in Minnesota.