National Iron Bank, a $298 million-asset community bank based in Salisbury, has appointed its new chairman and vice chairman of the board.
Kevin L. Dumas is appointed the new chairman, succeeding Richard D. Wardell, who passed away early this year. Dumas has been on the bank’s board as a director since 2006. Also a director, Thaddeus I. Gray is now the bank board’s new vice chairman.
“Kevin and Thaddeus have decades of high-level professional experience in the financial services industry and will provide strong leadership on our board for the foreseeable future,” National Iron Bank President Steven T. Cornell said in a statement. “Their strong knowledge of the bank’s operations and philosophy and their deep ties to the community we serve will provide the bank with excellent continuity as we transition to a new generation of leadership.”
Dumas owns Kevin L. Dumas, CPA LLC, a certified public accounting firm based in New Milford. Gray is a private investor based in Lakeville and was previously the chief investment officer at Abbott Capital Management LLC in New York.
National Iron Bank has branches in Salisbury, Washington Depot, Norfolk and Cornwall Bridge, as well as loan offices in Litchfield and New Milford. While the bank maintains a national charter, most of its lending is concentrated in Litchfield County.