CHITTENDEN BANK APPOINTS NEW PRESIDENT
Burlington -- Chittenden Bank's Board of Directors announced
today, the appointment of John W. Kelly as President and CEO of Chittenden
Bank. As President and CEO, Mr. Kelly will oversee all aspects of
Chittenden Bank's retail, commercial and wealth management operations.
Mr. Kelly has been serving as interim president for Chittenden since
Lawrence W. DeShaw retired in April. Mr. Kelly assumes the role of
President and CEO immediately.
Mr. Kelly began his banking career in 1973 working for The Poughkeepsie
Savings Bank as the Assistant Vice President. In 1983, he joined Bank of
New England - Old Colony as the Executive Vice President. In December of
1990, Mr. Kelly joined Chittenden as the Executive Vice President in
charge of Commercial Banking. He served most recently as Chief Banking
Officer from January 2003 through the present.
"John is an accomplished banking professional who has over 30 years of
financial experience, " commented Paul Perrault, Chairman of Chittenden
Corporation. "We are fortunate to have John lead Chittenden in the years
ahead with his vast local financial services experience. I am confident
John will continue to build momentum and provide our customers with the
service that they have come to expect from Chittenden."
"On behalf of Chittenden Bank's Board of Directors, I am pleased to make
this announcement today. With John's experience and commitment he is a
great match for Chittenden's team of financial experts and their
customers. Chittenden is committed to the communities of Vermont and has
been servicing the financial needs of Vermonters for 100 years. John has
that same drive and commitment to continue to build an institution that
thinks about the customer and their needs first," commented Chairman of
the Board, Fred Bertrand.
ABOUT CHITTENDEN BANK
Chittenden Bank is a full-service, Vermont-headquartered and managed bank
providing a wide range of financial services and products to individuals
and businesses. As the largest Vermont-based bank in the state, Chittenden
offers 51 locations. To find out more about Chittenden, visit our website
at www.chittenden.com or call your local branch.
ABOUT CHITTENDEN CORPORATION
Chittenden Corporation is a bank holding company headquartered in
Burlington, Vermont. Through its subsidiary banks, the Company offers a
broad range of financial products and services to customers throughout
Northern New England and Massachusetts, including deposit accounts and
services; commercial and consumer loans; insurance; and investment and
trust services to individuals, businesses and the public sector.