Berkshire Bank Names EVP Chief Risk Officer
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PITTSFIELD, Mass. — Gregory Lindenmuth has joined Berkshire Bank as the EVP chief risk officer, reporting to the bank's president, Richard Marotta.
Lindenmuth joins Berkshire Bank from the FDIC, where he worked for 24 years, most recently as a senior risk examiner for the Division of Risk Management Supervision. Through this position, he has gained expert understanding of capital markets, including investments, derivatives, securitizations, market risk, liquidity/funds management and mortgage banking. He also excels in modeling profit plans, establishing budgets and setting strategic objectives.
In his new role as EVP Chief Risk Officer, Lindenmuth will lead the Loan Workout, Credit and Enterprise Risk Management teams.
"Greg's broad banking knowledge and significant expertise in capital markets, interest rate risk, mortgage banking and overall risk management position him to provide important strategic direction as Berkshire continues to grow," Marotta said.
Lindenmuth holds a bachelor's degree in operations management from the Plattsburgh State University of New York and an MBA in corporate finance from Clarkson University. With the FDIC, he was a Capital Markets, Mortgage Banking and Fraud Specialist and a member of the National Examination Procedures Committee. He also co-developed and co-presented the FDIC's Technical Assistance Videos on Interest Rate Risk and has been an active speaker at New England Directors' Colleges.
In addition, Michael Carroll has been reassigned to the newly created position EVP Specialty Lending under the direction of Chief Operating Officer Sean Gray.
In his new role, Carroll's responsibilities will include management of 44 Business Capital, headquartered in Blue Bell, Penn., and led by Greg Poehlmann, Firestone Financial in Needham, Mass., led by David Cohen and Business Banking, led by Peter Rice. Carroll is expected to lead the commercial team integration at First Choice Bank in the New Jersey and Pennsylvania markets.
Carroll joined Berkshire Bank in 2009 from Key Bank and held the positions of SVP commercial regional executive for New York, SVP chief credit officer and most recently EVP chief risk officer. He has more than 30 years of experience in the banking industry with expertise in risk management and commercial lending. He has a bachelor's degree in accounting from Siena College.
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