NewMil Bank, New Milford
New Milford-based NewMil Bank recently promoted John Baker, Terrence Shannon and William Starbuck to executive vice president. Each of these individuals has more than 30 years of experience in the industry and has made important contributions to the bank.
Baker, head of loan administration and the bank’s chief credit officer, is responsible for asset quality, policy formulation, regulatory compliance and portfolio management at NewMil Bank. He has been with the bank since 1998 and has been involved in all aspects of loan policy, with primary responsibility in the credit quality area. In addition to his role as executive vice president, he is a member of NewMil Bank’s Management, Loan and Asset/Liability committees.
As executive vice president and director of information technology, Shannon is responsible for all systems and systems controls at the bank. He manages the combined in-house and outsourced Information Technology Division and the bank’s Internet Technology Security Program. Since joining NewMil Bank in 1992, Shannon has directed various systems conversions after vendor selection and has headed the operations committee since it was formed. He is also a member of the bank’s Management and Asset/Liability committees.
Starbuck is executive vice president and head of commercial banking at NewMil Bank, as well as a member of the Management, Loan and Asset/Liability committees. He is responsible for directing the efforts of the commercial lending team and supervising their loan and deposit production, mortgage referrals and loan quality. He also updates NewMil Bank’s loan, commercial lending and environmental policies, credit analysis standards and the approval process to improve customer service and turnaround times.
CBA Promotes Nevins, Knutson
CBA Commercial, a Stamford-based specialty commercial mortgage finance firm, has appointed Craig L. Knutson as executive vice president and chief information officer and Kent S. Nevins as executive vice president and general counsel.
Knutson will be responsible for strategic planning, as well as developing and implementing the information technology platform for CBA Commercial. He brings a combination of technology experience, as well as mortgage, asset-backed, trading, structuring, investment banking and capital markets backgrounds to CBA Commercial. Previously, Knutson was president and chief operating officer for ARIASYS Inc. and also spent more than 20 years as a finance professional, most notably at Credit Suisse First Boston and Morgan Stanley & Co.
Before being appointed as CBA Commercial’s executive vice president and general counsel, Nevins spent over 20 years in private legal practice representing banks, mortgage lenders, investment bankers, public and private corporations and developers in complex real estate and capital markets transactions. Prior to joining CBA Commercial, Nevins was a partner of Pillsbury Winthrop LLP and its predecessor, Winthrop Stimson Putnam & Roberts.
