Union Savings Bank Names Paul Bruce Chief Financial Officer

[Danbury, Conn., December 4, 2013] – Union Savings Bank is pleased to announce that interim Financial Controller Paul Bruce has been named Executive Vice President, Chief Financial Officer. 

In this position, Bruce is responsible for administrating the accounting, financial and financial risk management operations of the Bank including the ongoing development and monitoring of control systems designed to preserve bank assets and the timely and accurate reporting of financial results.  He oversees Finance and Treasury activities, directs the management of assets and liabilities and maintains the investment securities portfolio.  He also oversees Information Technolgy, General Services and Data Management and Reporting.

Prior to joining Union Savings Bank, Bruce served as chief financial officer of Legacy Bankcorp, Inc. in Pittsfield, Mass., where he directed the bank’s treasury and investment programs, supervised the Internal Services and Facilities Management/Security department, directed the company’s Asset & Liability Management function and served as the bank’s investor relations officer. During his tenure, Bruce significantly improved operating efficiency, decreasing financial department staff by 40 percent as the bank was transitioning from a $425 million mutual savings bank to a $975 million publicly-held community bank.

Previously, Bruce was financial controller at the Association of Marian Helpers in Stockbridge, Mass. In this role, he was responsible for the overall allocation of financial resources for the worldwide non-profit printing and publication apostolate. In addition, he supervised the accounting, inventory, maintenance and facilities management, order fulfillment and shipping departments. During his time there, he successfully organized and directed an annual outdoor retail sales event for close to 20,000 people.

Earlier in his career, Bruce served as a tax senior assistant at Deloitte & Touche in Hartford, Conn., and a tax manager at Ernst & Young in Providence, R.I.

“Paul is an important addition to our team,” said Fran Dattalo, president and CEO of Union Savings Bank. “His more than 25 years of leadership experience and highly strategic and analytical approach will be invaluable as we continue to strengthen our processes, hone our strategic plan and look toward the future.”

Bruce is a member of numerous professional organizations, including the American Institute of Certified Public Accountants, Massachusetts Society of Certified Public Accountants, Institute of Certified Management Accountants – Springfield, Mass. chapter and the Institute of Internal Auditors. He also serves as a board member and treasurer of the Berkshire United Way.

A strong proponent of lifelong learning, Bruce is a certified public accountant, certfied management accountant and certfied internal auditor. He is also a graduate of America’s Community Bankers – School of Banking and the American Management Association’s management course. He received a bachelor of business administration degree in accounting from the University of Notre Dame in Notre Dame, Ind., a master of science degree in taxation from Bryant University in Smithfield, R.I., and a master in business adminstration degree in finance from Western New England University in Springfield, Mass.

He will be relocating to the greater Danbury area  with his wife, three children and dog, Starbucks.

About Union Savings Bank

Established in 1866 and headquartered in Danbury, Conn., Union Savings Bank is a $2.5 billion mutual bank dedicated to being the bank of choice for consumers and businesses. As a full-service financial institution, Union Savings Bank provides banking, mortgage, commercial, investment, trust and insurance services throughout western Connecticut with 28 offices in Bethel, Brookfield, Canton, Danbury, Goshen, Kent, Litchfield, Marble Dale, Monroe, New Fairfield, New Milford, Newtown, Ridgefield, Roxbury, Sharon, Southbury, Torrington and Washington Depot. The bank provides financial services to individuals, businesses, not-for-profit organizations and government entities through its commercial, residential and consumer lending, treasury services, retail banking and wealth management divisions.
For more information, please visit unionsavings.com, and connect with the bank on LinkedIn and Facebook.

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