Ascendia Bank Hires Len Kulesa as Chief Financial Officer
Industry veteran to help drive and monitor the bank’s financial performance
Hawthorne, NJ – Ascendia Bank (formerly Glen Rock Savings Bank), which has served the personal and commercial banking needs of northern New Jersey customers since 1922, has hired longtime bank finance executive Len Kulesa as its next Chief Financial Officer (CFO). Mr. Kulesa will oversee financial performance and operational excellence for the five-branch bank, working closely with recently appointed President & CEO, John D. Allen IV.
Mr. Kulesa will play a pivotal role in driving Ascendia Bank’s financial health, and ensuring its continued success in northern New Jersey’s competitive, rapidly evolving economic landscape. As CFO, he will help drive and monitor the bank’s financial performance and manage its broad investment portfolio and short- and long-term liquidity planning. Mr. Kulesa also will oversee the institution’s accounting department and be responsible for financial reporting, budgeting, regulatory reporting, regulatory examinations and external audits.
Before joining Ascendia Bank, Mr. Kulesa enjoyed a decade-long tenure with Freedom Bank, where he rose through the ranks to become the institution’s VP of Finance and Interim CFO. Prior to that, he spent over a decade with Kearny Bank, serving in several supervisory roles.
“Len brings extensive financial oversight experience to Ascendia Bank, including decades of successful, responsible stewardship at other institutions within northern New Jersey,” said John D. Allen IV, President & CEO of Ascendia Bank. “His exemplary track record, combined with his deep knowledge of the northern New Jersey landscape, make him an ideal fit and valuable asset.”
Mr. Kulesa earned an MBA from Felician College. He resides in Waldwick, NJ.
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About Ascendia Bank
With five convenient, full-service branches in Glen Rock, Hawthorne, West Orange (two locations) and Oradell, Ascendia Bank serves the personal and commercial banking needs of customers throughout the northern New Jersey area. The bank’s suite of products and services includes personal banking, mobile banking, mortgages, home equity loans and lines of credit, as well as business banking services and commercial mortgages for multi-family/mixed-use properties. For more information, visit www.AscendiaBank.com. Member FDIC. Equal Opportunity Lender.
