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http://ionbank.com/ 1430 North Haven Rd., Naugatuck, CT 06770
Tel: (203) 720-5377

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New President and Director of Ion Bank

July 19, 2017

The announcement comes as part of an 18-month transition that will see Charles J. Boulier, III, Chief Executive Officer at Ion Bank retire from daily operations and gradually transfer leadership over to Rotatori.

David has an extensive background in accounting, finance, audit, and risk management within the financial industry. His experience and leadership will strengthen us for years to come, Boulier stated. He has served the past several years as the Bank's Executive Vice President and Chief Financial Officer as well as Corporate Secretary and Chief Risk Officer and this is the next logical step in a carefully planned succession plan. This will be a seamless transition with no noticeable change to our operations for our customers or our staff.

Rotatori, a lifelong resident of Naugatuck, started his financial career with Naugatuck Savings Bank (now Ion Bank) from 1990 to 1995 as an Accounting Clerk and Internal Auditor. Following that, David was a Senior Auditor at KPMG; Vice President, Assistant Controller at Webster Financial Corporation; and Vice President, Finance Officer at People's United Bank. He returned to Ion Bank in 2009 as Senior Vice President, Chief Risk Officer and Chief Administration Officer where he was responsible for commercial loan administration, compliance and loan review. He holds a B.A. from Western Connecticut State University and an M.B.A. from the University of Connecticut. David is a Certified Public Accountant and a Certified Global Management Accountant with more than 27 years of experience in financial services organizations.

David is dedicated to his community, serving on the United Way Board of Directors and other roles, including chair of the Annual Campaign and past Treasurer. He also serves on the Board of Directors and is Treasurer of the Naugatuck Economic Development Corporation and the Ion Bank Foundation. David is a Board Member and Treasurer of Simply Smiles, Inc., a non-profit agency dedicated to building bright futures for impoverished children and their families on the Cheyenne River Sioux Tribe reservation and in Mexico. He is a member of the Connecticut Society of Certified Public Accountants, the American Institute of Certified Public Accountants and the Beta Gamma Sigma International Honor Society. David was also a coach for Naugatuck Youth Soccer and currently coaches for multiple youth basketball leagues.

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