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Board of Directors

Group Photo of the Board of Directors

Kenneth J. Torsoe, Chairman of the Board

Loan Committee – Chair; Asset/Liability Committee Member
A noted Hudson Valley builder and bank investor, Mr. Torsoe 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

Audit Committee, Chair; Compensation Committee, Chair; Nominating/Governance Committee, Chair; Loan, Asset/Liability and IT Steering Committee Member
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

Asset/Liability, Chair; Loan Committee Member
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

Board Corporate Secretary; Loan, Asset/Liability and IT Steering Committee Member
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

Audit, Loan, Asset/Liability, Compensation, Nominating/Governance, IT Steering Committee Member
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

Audit, Loan; Asset/Liability and Compensation Committee Member
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 the Chairman of  the board of directors for the Rockland Economic Development Corporation (REDC). 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

Loan and Nominating/Governance Committee Member
Owner and president of Pantel Electric Company, Middletown, NY since 1972. He presently resides in Port Jervis, NY.

William M. Mooney, Jr.

Loan, Compensation and Nominating/Governance Committee Member
Mr. Mooney has been a prominent force in the Hudson Valley region’s business and banking community. He currently serves as chief executive officer of The Westchester County Association. He has had a long and distinguished career in the banking industry, most recently at Independence Community Bank where he was responsible for all business activities in Westchester County and Connecticut. Prior to that, he was an executive at Union State Bank as well as Chase Manhattan Bank and Chemical Bank with responsibility for all retail and small business activities in the New York Metropolitan area. He also served as President and CEO of Hudson Valley Bank.

Annual Report 2017

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