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Stewardship Financial Corp (SSFN.OQ)

SSFN.OQ on NASDAQ Stock Exchange Capital Market

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13 Jul 2018
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Summary

Name Age Since Current Position

Richard Culp

65 2009 Independent Chairman of the Board

Paul Van Ostenbridge

65 1997 President, Chief Executive Officer, Director

Howard Yeaton

63 2005 Independent Vice Chairman of the Board

Claire Chadwick

57 2008 Chief Financial Officer, Executive Vice President

William Clement

57 2015 Executive Vice President and Chief Lending Officer

Michael Westra

52 2010 Secretary, Independent Director

Kim Vierheilig

41 2017 Director

Wayne Aoki

58 2014 Independent Director

William Hanse

83 2015 Independent Director

Margo Lane

67 1997 Independent Director

John Scoccola

53 2014 Independent Director

John Steen

80 1997 Independent Director

William Vander Eems

68 1997 Independent Director

Biographies

Name Description

Richard Culp

Mr. Richard W. Culp is Independent Chairman of the Board of the company. Mr. Culp was appointed Chairman of the Board of the Bank in April 2015 and Chairman of the Board of the Corporation in May 2015. Mr. Culp is currently an Educational Management Consultant working as an adviser to school districts and education companies. From 2009 to 2014 Mr. Culp was an Executive Vice President of Pearson Education, the world’s leading educational publisher. During 2008, he was the Chief Executive Officer of Epic Learning. From 1980 to 2007, Mr. Culp held various positions with Pearson / Prentice Hall, rising to President of the Pearson Prentice Hall School Division in 2002. Mr. Culp brings to the Board extensive executive level business experience and in-depth understanding of corporate strategic planning and human resource development as well as marketing and sales expertise.

Paul Van Ostenbridge

Mr. Paul Van Ostenbridge is a President, Chief Executive Officer and Director of Stewardship Financial Corporation since 1997. Mr. Van Ostenbridge’s years of service with the Corporation and the Bank provides the Board with significant business and banking knowledge and expertise. Mr. Van Ostenbridge serves on various charitable organizations and provides the Board with a unique perspective on the local market area.

Howard Yeaton

Mr. Howard R. Yeaton is Independent Vice Chairman of the Board of the company. Since 2003, Mr. Yeaton has been Managing Principal of Financial Consulting Strategies LLC, a firm providing strategic financial advice and services to emerging companies. In addition, Mr. Yeaton served as Interim Chief Financial Officer of Energous Corporation from July 2014 to July 2015 and has served as Interim Chief Financial Officer of Propel Media, Inc. since 2014, both clients of Financial Consulting Strategies, LLC. Prior to establishing Financial Consulting Strategies LLC, Mr. Yeaton served in various leadership positions for an international public consumer products corporation. Mr. Yeaton brings years of general business, managerial and financial expertise to the Board of Directors. Mr. Yeaton contributes in-depth knowledge of generally accepted accounting principles and auditing standards to the Board of Directors.

Claire Chadwick

Ms. Claire M. Chadwick is Chief Financial Officer, Executive Vice President of Stewardship Financial Corporation since August 4, 2008. Ms. Chadwick joined the Corporation in 2008 as Senior Vice President and Chief Financial Officer and was promoted to Executive Vice President in 2013. Prior to her appointment as Chief Financial Officer of the Corporation and the Bank, Ms. Chadwick held various senior financial management positions for Penn Federal Savings Bank from 1994 through 2007.

William Clement

Mr. William Clement is Senior Vice President / Chief Lending Officer of Stewardship Financial Corporation. Mr. Clement joined the Corporation in December 2015 as Senior Vice President and Chief Lending Officer and was promoted to Executive Vice President in February 2017. From February 2014 to December 2015, Mr. Clement was Senior Vice President and Director of C&I Lending for Kearny Bank. Mr. Clement worked for The Provident Bank as First Vice President / Team Leader from 2005 to February 2014.

Michael Westra

Mr. Michael Westra is Secretary, Independent Director of the company. Since 1991, Mr. Westra has been General Manager of Wayne Tile Corporation, which engages in the import and wholesale and retail sale of tile and stone. In 2009, Mr. Westra was also named President of Wayne Tile Corporation. Prior to joining Wayne Tile Corporation, Mr. Westra, as a certified public accountant, gained experience auditing national corporations. Mr. Westra brings to the Board of Directors in-depth knowledge of generally accepted accounting principles and auditing standards as well as insight into the local market area.

Kim Vierheilig

Ms. Kim Vierheilig is Director of the company. Ms. Vierheilig is a registered architect and, has for the last 15 years, been employed by LAN Associates, an architecture and engineering firm based in Midland Park, NJ. As a Vice President of LAN Associates, Ms. Vierheilig oversees design, construction documents and administration, and the management of the architectural department. In addition, she is responsible for staffing, budgeting, business development, public relations and oversees the firm's marketing department. Ms. Vierheilig's project management and general business experience enhance the leadership and oversight capabilities of the Board of Directors.

Wayne Aoki

Mr. Wayne Aoki as been appointed as Independent Director of the company since 2014. Mr. Aoki had a career as an accounting professional at Ernst and Young spanning more than 30 years, from 1981 to 2013. Mr. Aoki is currently retired. Mr. Aoki’s significant accounting and business experience provides, among other things, in-depth knowledge of generally accepted accounting principles and auditing standards to the Board of Directors.

William Hanse

Mr. William C. Hanse is a Independent Director of the Board of Stewardship Financial Corporation since November 2006. Mr. Hanse served as Chairman of the Board of the Bank from November 2006 until April 2015 and of the Corporation from November 2006 until May 2015. Mr. Hanse is currently Of Counsel for the law firm Hanse Anderson LLP. Mr. Hanse was a partner of the law firm Hanse & Hanse from 1990 to 2010. As an attorney who practiced for more than 40 years (including acting as outside general counsel for the Bank for more than 25 years), Mr. Hanse brings a long history of legal knowledge and business and banking expertise to the Board of Directors.

Margo Lane

Ms. Margo Lane is a Independent Director of Stewardship Financial Corporation since 1997. Since 2008, Ms. Lane has been employed by Collagen Matrix, Inc., a company that develops and markets medical device implants for tissue and organ repair and regeneration. Since 2016, Ms. Lane serves as Director of Marketing and Sales for Collagen Matrix, Inc. and is responsible for directing the marketing team and developing the company’s global marketing plan. Previously, Ms. Lane served as Senior Manager of Sales and Marketing for the company. In addition, Ms. Lane is active in community and local government in the Bank’s market area. Ms. Lane’s depth of business experience in corporate marketing and sales as well as her relevant knowledge and experience in community and local government affairs in the Bank’s service area enables her to provide valuable input as a member of the Board of Directors.

John Scoccola

Mr. John C. Scoccola is a Independent Director of the Company. Since 2010, Mr. Scoccola has been employed by Verizon, formerly as a Solution Architect Manager and, currently, as a Senior Manager of Global Engineering for Verizon Enterprise Solutions. In his current role, Mr. Scoccola is responsible for supporting global engineering outsourcing services for Verizon Enterprise Solutions. Prior to joining Verizon, from 2008 to 2010, Mr. Scoccola was the Director for Sales IT Infrastructure for Worldwide Supply Inc. Mr. Scoccola’s extensive business experience in information technology as well as project management enhances the Board of Directors’ scope of expertise.

John Steen

Mr. John L. Steen is a Independent Director of Stewardship Financial Corporation since 1997. Since 1972, Mr. Steen has been the president of Steen Sales, Inc., a textile company. From 1972 to 2009, Mr. Steen was president of Dutch Valley Throwing Co., a textile company. Mr. Steen brings to the Board decades of relevant experience as a business owner and operator with extensive executive level experience in sales and marketing. In addition, Mr. Steen is an experienced investor in real estate. He has been a director of the Corporation since the Corporation’s inception and previously served as Vice Chairman of the Board. The Board is enhanced by Mr. Steen’s vast knowledge of the history of the Corporation and the Bank and his understanding of the banking industry.

William Vander Eems

Mr. William J. Vander Eems is a Independent Director of Stewardship Financial Corporation since 1997. Since 1973, Mr. Vander Eems has been the president of William Vander Eems, Inc., a general contracting company. Mr. Vander Eems’ construction background, experience as a business owner and investor in real estate, and extensive business contacts provides the Board of Directors with general business, management, and real estate market expertise.