Write a commentWalter F. Rusnak has been named First Vice President – Finance and Accounting, according to Thomas Schneider, President and CEO.
Rusnak’s primary responsibilities include daily management of the Accounting and Finance Department, internal and external financial reporting, management of the Bank’s investment portfolio and direct oversite of the asset and liability management functions.
“We are excited to announce Walter’s promotion,” said Schneider. “With three decades of experience in financial management at other institutions, Walter has proven to be an asset to our team within the short period of time he has been with us, and we are proud to acknowledge his hard work with this appointment.”
“With his experience in publically traded institutions and SEC regulation, Walter has made an impact on our institution,” says James Dowd, EVP Chief Operating Officer & Chief Financial Officer. “He has proven to be a significant benefit to Pathfinder Bank and we are excited to see Walter continue to exceed our expectations as our institution grows.”
Prior to his time at Pathfinder Bank, Walter was an advisory board member and founding principal of Ovitz Corporation, where he advised and supported the financial operations and corporate governance in a start-up medical device company. Before his role at the Ovitz Corporation, Rusnak has held several roles in publically traded banks and regional credit unions across the country. From 1996 to 2002, he held numerous positions at Superior Bank, FSB in Illinois, including Vice President and Controller, and Senior Vice President and Chief Financial Officer. In 2002 to 2003, Walter served as Senior Vice President of Finance at Aurora Loan Services, Inc. in Aurora, Colorado. He later served as Senior Vice President and Director of Finance and Administration, as well as Chief Financial Officer, for ESL Federal Credit Union in Rochester from 2004 to 2013.
Walter’s additional experience includes Senior Vice President and Chief Financial Officer at Johnstown Savings Bank, Vice President and Chief Financial Officer at Empire National Securities Inc., Assistant Vice President at Corporate Financial Group, and Senior Staff Accountant at KPMG.
Rusnak is a CPA and received his MBA in Finance from the State University of New York, Buffalo with a Bachelor of Science degree in Accounting from Canisius College. He is a native of Buffalo, New York, and now resides in Liverpool with his wife, Lauren. In the past, Walter has had involvement in several community involvement roles such as being Vice-Chair of the Board and Chair of the Finance Committee at the School of the Holy Childhood in Rochester, Past Treasurer of Buffalo Ronald McDonald House, and member of the Finance Committee of Connemaugh Valley Hospital.
Pathfinder Bank is a New York State chartered commercial bank headquartered in Oswego, whose deposits are insured by the Federal Deposit Insurance Corporation. The Bank is a wholly owned subsidiary of Pathfinder Bancorp, Inc, (NASDAQ SmallCap Market; symbol: PBHC, listing: PathBcp). The Bank has nine full service offices located in its market areas consisting of Oswego and Onondaga County.
