Community Financial Services Group, LLC (CFSG) announces the promotion of Joseph “Joe” P. Preddy to President of the company. Joe replaces Mark Frederick, who will remain CFSG’s Chief Executive Officer. Joe will be responsible for the day-to-day operations and strategic direction of the company, which provides financial planning and trust management services to individuals, businesses, and organizations.
Preddy previously served as Chief Operating Officer and Executive Vice President of CFSG. He has twenty-five years of experience in the trust and investment services industry and is a Certified Financial Planner (CFP®). Joe started his career at Merrill Lynch and then Smith Barney before joining CFSG in 2002. He resides in Barre, Vermont with his wife, Luann, and their children, Jake and Lauren. Joe is a 1985 graduate of the United States Naval Academy and a graduate of the Financial Planning Program at Boston University.
CFSG is the locally-owned trust and investment management affiliate of Community National Bank and National Bank of Middlebury in Vermont, and Woodsville Guaranty Savings Bank in New Hampshire. The company is headquartered in Newport, Vermont, with offices in Vermont, New Hampshire, Florida, and Nevada. CFSG manages over $1 billion in financial assets, providing unbiased, comprehensive financial advice and specializing in asset management, retirement planning, trusts and estates, and business retirement plans. For more information, call 877-334-1677 or visit CFSG online at www.cfsgtrust.com.