POUGHKEEPSIE – Kevin Nihill has been named Chief Financial Officer of Rhinebeck Bancorp and Rhinebeck Bank.
Nihill replaced former Chief Financial Officer, Michael McDermott, who retired from the Bank after 23 years of service.
“I’m looking forward to helping Rhinebeck Bank achieve its strategic business goals and thrive as one of the area’s premier community banks,” said Nihill. “It’s an honor to join the Bank’s outstanding executive team and dedicated staff and continue its mission to provide superior service to communities throughout the Hudson Valley and beyond.”
Nihill brings a wealth of banking and corporate finance experience to his new role, having most recently served as Executive Vice President, and Chief Financial Officer at St. Mary’s Bank, a credit union in Manchester, NH. His career experience also includes service as Senior Vice President, and Treasurer at Berkshire Bank, headquartered in Pittsfield, MA. In his new role, he will be responsible for directing and controlling the Company’s accounting and financial operations, including required financial, regulatory, and tax reporting duties and managing the Bank’s budgeting process.
“Kevin brings more than 20 years of finance and banking experience, as well as an enthusiastic and energetic leadership style, to his new role at the Bank,” said Rhinebeck Bank President and Chief Executive Officer Michael J. Quinn. “His strategic acumen, coupled with a thorough understanding of commercial and consumer banking profitability, will greatly benefit the Bank as we continue to meet the needs of individuals, families, and businesses in the Hudson Valley, Capital Region, and surrounding communities.”
A Chartered Financial Analyst (CFA), Nihill holds a Master of Business Administration in Finance degree from Rensselaer Polytechnic Institute in Troy, NY, and is a graduate of Cornell University.
