Amboy Bank Announces Executive Changes

On May 31, 2017

George E. Scharpf, chairman and CEO of Amboy Bank, has announced changes to the senior management team at Amboy Bank. Effective as of May 25th, Stanley J. Koreyva, Jr., chief operating officer, has been named president of Amboy Bank. Promoted to Executive Vice President were G. Gregory Scharpf, chief retail banking officer; Domenick Margiotta, chief lending officer and Mary Kay Riccardi, chief risk officer. As Chairman, Scharpf will concentrate on long term goals and focus on strategic initiatives.

Commenting on the changes, Scharpf stated, “The transition acknowledges and recognizes the strength and depth of our senior management team that has been responsible for making Amboy a successful community bank.”

George Scharpf, who is well known in the banking industry, joined Amboy Bank in 1969 and was named President and CEO in 1981 and has been Chairman of the Board since 1995. He is also chairman, president and CEO of Amboy Bancorporation. He has a BBA degree from The University of Notre Dame and an MBA from New York University.

Stanley J. Koreyva, Jr., who joined Amboy Bank in 1990, was promoted to executive vice president and COO in 2008. He earned a BS degree in Accounting from Rider University and is a Certified Public Accountant. He is a board member of both Amboy Bank and Amboy Bancorporation.

Gregory Scharpf, who joined the bank in 2002, was previously a vice president and segment manager with Bank of America. He was named senior vice president and chief retail banking officer in 2008. He earned his undergraduate degree at the College of William and Mary and an MBA at Vanderbilt University. He is a member of the bank’s Board of Directors.

Domenick Margiotta came to Amboy Bank in 1989. He has a BS in Finance from Seton Hall University and has a degree from the Graduate School of Banking in Madison, Wisconsin. He was named senior vice president and chief lending officer in 2008.

Mary Kay Riccardi joined Amboy Bank as Controller in 1995. She was promoted to chief financial officer in 2007, senior vice president in 2009 and chief risk officer in 2016. Riccardi, a Certified Public Accountant, graduated from The College of New Jersey with a BS degree in Accounting.

Founded in 1888, Amboy Bank is a full-service commercial bank with assets of $2.4 billion and 22 offices in central New Jersey. Amboy has been voted Best Bank in Central Jersey for 19 years in row.

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