Vermont Business Magazine Passumpsic Savings Bank’s Board of Trustees announces that James Kisch, a business executive and national banking authority with over 25 years of financial institution management has been named to succeed Peter F Crosby as President and Chief Executive Officer of the St Johnsbury-based financial institution.
James Kisch
“The Board of Trustees is very pleased that Jim has chosen to join our organization. He brings a broad banking background, both from inside the industry and externally by serving the financial services industry in many different capacities,” states Bradley Gebbie, Chair, Board of Trustees.
Kisch, Co-Founder, Chief Strategy/ Information Officer for Continuity, a New Haven, Connecticut-based cloud computing software company serving community financial institutions nationwide, will be joining Passumpsic Savings Bank on October 11. He will assume the CEO role before the end of the year. Peter Crosby, who announced his intention to retire this past April, has served the bank for 43 years.
A graduate of the University of Minnesota-St. Paul and the Graduate School of Banking, University of Wisconsin-Madison, Jim held a variety of positions in the banking industry for over fourteen years before joining the Minnesota Bankers Association (MBA), serving as President of the association’s Insurance and Services Division and MBA Consulting Group, its wholly owned bank compliance and IT consultancy. In 2008, he co-founded Continuity, a 200 plus client, venture backed cloud computing company serving community financial institutions.
“I am honored to succeed Peter Crosby as the next President and CEO of Passumpsic Savings Bank. Peter has led an amazing team with a history of devotion to community and an unsurpassed commitment to customers and their success. I intend to remain steadfast to that commitment,” said James Kisch. “My wife and I look forward to meeting our customers, making new friends, and fully immersing ourselves in the wonders the Northeast Kingdom and the North Country have to offer.”