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FOR IMMEDIATE RELEASE
April 6, 2018
Bank Also Expands and Names Kevin Maroney as New President & CEO
Fairport, NY—The year 1888 was historic both in America and in Rochester.
It had been only 23 years since the end of the Civil War. Thomas Edison filed a patent for the Optical Phonograph—the first movie. George Eastman patented the first roll-film camera and registered the “Kodak” name. And in May, Fairport Savings Bank was born.
In its 130 years, Fairport Savings Bank (FSB) has seen marked growth in its products, services, and locations, but remains, at its core, an effective and strategic community bank. “As we continue to grow, our purpose, philosophy, and commitment to meeting our customers’ needs has remained,” says Kevin Maroney, president & CEO as of January 1. “And we’re proud that our size and flexibility truly allow us to be a 21st-century ‘we say yes’ bank.”
This May, all FSB branches will be celebrating with family events, anniversary cakes and special giveaway items throughout the month.
Customer Julie Scott Stryker is representative of a multi-generational family with an FSB relationship beginning with her great-grandparents, through her great-aunt, her parents, her and her husband, and now their 10-month old son. “I use the online banking service daily,” she said. “It’s relevant and completely up-to-date.”
Julie has chosen to continue with FSB and is a big fan. “We know we can completely trust our banking relationship with Fairport Savings Bank,” she added. "If ever there was an issue, we could call and speak directly with someone who would be there to help.” Julie’s confidence also stems from knowing FSB from the inside. For several years she worked at the bank in various departments, noting “it was a wonderful place to work.”
With assets of more than $300 million, FSB now has five full-service branch locations, four dedicated mortgage offices, an expansive ATM network, broad offerings of online and mobile banking e-services, and two subsidiaries—Fairport Wealth Management and FSB Insurance Agency for investments and insurance. Maroney notes that FSB is still about “cultivating extraordinary relationships” with its new and longtime customers and employees, and providing its personal Fairport Savings Bank experience.
Maroney began with FSB in 2004 as executive vice president & chief financial officer during the company’s strategic growth period. Upon the retirement in December 2017 of longtime President and CEO Dana C. Gavenda—now the current chair of the board of directors—it seemed fitting that Maroney be appointed to this position.
“We have a long and proud history and legacy, and Kevin Maroney is perfectly positioned to carry that legacy forward,” said Gavenda. “He knows how to look at today’s world from both a personal and business perspective not only to stay relevant, but to expand and extend our reach. He knows that we succeed if our people succeed.”
Another important addition to the FSB “family” is Michael Giancursio, named in October as executive vice president and chief lending officer. This Fairport native has more than 20 years experience in commercial credit, lending, and deposits. Thanks to FSB’s many products, Giancursio looks forward to growing both commercial and residential lending. He also has a unique perspective on commercial banking, having been a bank examiner for the Office of the Comptroller of the Currency in Syracuse.
FSB prides itself on its core values which include, among other points, community involvement and support. Its culture encourages volunteerism and community event sponsorship; Maroney himself has been the treasurer of the Boys and Girls Clubs of Rochester for five years.
“Fairport Savings Bank may have a long history,” notes Maroney, “but we are not your typical, purely transactional bank. As a community bank, we all roll up our sleeves and do what needs to be done. We really do want to earn our tagline, ‘love your bank.’"
About FSB Bancorp, Inc.
FSB Bancorp, Inc. is the bank holding company of Fairport Savings Bank, a New York (NY) chartered savings bank headquartered in Fairport, NY. The Bank conducts business from its main office in Fairport, NY, and four branches located in Penfield, Irondequoit, Webster, and Perinton, New York. The Company also has five mortgage origination offices located in Pittsford, Watertown, Greece, and Buffalo, New York. The Company's principal business consists of originating one- to four-family residential real estate mortgages, home equity loans and lines of credit, commercial real estate, multi-family, construction, commercial and industrial, and other consumer loans. The Company attracts retail deposits from the general public in the areas surrounding its main office and branches, offering a wide variety of deposit products. Through its wholly owned subsidiary, Fairport Wealth Management, the Bank offers non-deposit investment products, consisting of annuities, insurance products and mutual funds. Visit www.fairportsavingsbank.com for more information.