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Tuesday, September 29 2020





Ann Swenson

Rondout Savings Bank appoints Ann Swenson new Chief Risk Officer

January 1, 2016

Rondout Savings Bank recently promoted Ann Swenson to the position of Chief Risk Officer. In her new position as part of the Senior Management Team, Swenson will be responsible for overseeing internal audit, compliance, Bank Secrecy Act (BSA), and commercial loan review.

Rondout Savings Bank President Jim Davenport stated that Swenson has been instrumental in the bank developing an exceptional reputation in the industry.

“The bank’s carefully planned growth has been structured and achieved in large part through Ann’s leadership and expertise.” He added that “Rondout’s continued BauerFinancial, Inc. 5-Star Superior Quality Rating is in large part the result of Ann’s skills at balancing the trade-offs between risk and return.”

Swenson stated she will bring her experience, organizational skills, and attention to detail to the new position. She said her main task will be “managing risk within the institution while assisting in meeting its strategic goals.”

The new Chief Risk Officer holds a Bachelor of Science in Accounting from Marist College. Swenson has 23 years of experience in the banking industry, and joined Rondout Savings Bank in 2006 as their Internal Auditor. She was promoted shortly thereafter to Assistant Vice President of Audit, and then Assistant Vice President of Risk Management. Swenson is a graduate of the National School of Banking, and is a Certified Community Bank Compliance Officer (CCBCO).

As an active member of the community that Rondout Savings Bank serves, Swenson sits on the Board of United Way of Ulster County. The Board oversees the many community programs and partnerships that the United Way provides by targeting funds to high quality, local programs and services that meet identified community needs.

Swenson lives in Dutchess County with her husband and sons.