Board of Directors

 Board of Directors

Kenneth J. Torsoe, Chairman of the Board

Committee member – Loan Committee – Chair; Asset/Liability

A noted Hudson Valley builder and bank investor. He served on the Board of directors of Union State Bank since 1982 and of its holding company, USB Holding Co., Inc., until their sale to Key Bancorp in 2007. He is currently the president and majority owner of Torsoe Bros. Construction Corp. based in Suffern, NY and the managing partner of Normandy Village Company, owner of a garden apartment complex in Nanuet, NY.

Daniel Rifkin, Vice Chairman of the Board

Committee member – Audit Committee, Chair; Loan Committee; Compensation Committee

Mr. Rifkin is an established Rockland County certified public accountant, businessman and real estate investor. He is managing partner of Rifkin & Company, CPA’s, LLP as well as president of Payserv Corporation, a payroll service provider, both located in Bardonia, New York. Mr. Rifkin is a graduate of Wittenberg University.

Edward Lutz, President and CEO, Vice Chairman of the Board

Committee member – Compensation, Chair; Loan and Audit Committee

Mr. Lutz served on the board of Union State Bank and its holding company USB Holding Co., Inc., which was sold to Key Bancorp in 2007. He is president and CEO of Lutz Advisors, Inc., a bank consulting firm. Mr. Lutz has participated in the banking industry for nearly 40 years as a regulator, consultant, investment banker and director of two different banks. Mr. Lutz holds a BA from Hofstra University and an MBA from American University.

Lynne C. Allan, EVP and Chief Operating Officer

Committee member – Loan; Board Corporate Secretary

Chief Operating Officer for Greater Hudson Bank since 2008. Ms. Allan brings over 20 years banking experience. Prior to her appointment at Greater Hudson Bank, Ms. Allan held the position of senior vice president, marketing and human resources officer for Union State Bank, where she worked for over 11 years and served on their executive management committee. She has also worked as a senior audit associate for the Federal Deposit Insurance Company (FDIC) and American Savings Bank. Ms. Allan earned a master’s degree in corporate communication from Iona College in New Rochelle, NY and a bachelor’s degree in finance from Siena College in Loudonville, NY.

Steven Bakst  

Committee member – Loan; Asset/Liability; Compensation

Founder and president of Just-A-Buck retail stores, Goshen, NY. Mr. Bakst oversees 46 company and franchised stores throughout the eastern United States with six stores located in Orange County, NY. Mr. Bakst was born in Queens, NY and has over 20 years experience in retail.

Stephen A. Coyle

Committee member – Audit Committee, Loan Committee, Compensation Committee and Asset/Liability Committee
For more than 20 years, Mr. Coyle has owned and operated Coyle Insurance Agency; an insurance agency that provides insurance and risk management services to middle market businesses throughout the tri‐state area. Mr. Coyle is on the board of directors for the Rockland Economic Development Corporation (REDC) and is the chairman of audit committee for the organization. Mr. Coyle earned a bachelor’s degree in accounting and finance with a minor in economics from Skidmore College in Saratoga Springs, NY. He received his Chartered Property Casualty Underwriter designation from the American Institute for Chartered Property Casualty Underwriters.

Ray S. Pantel  

Committee member – Loan; Asset/Liability; Nominating/Governance

Owner and president of Pantel Electric Company, Middletown, NY since 1972. He presently resides in Port Jervis, NY.