Ms. Kalena brings decades of executive experience with Federal Home Loan Bank of New York to Ascendia Bank.
Glen Rock, NJ – Ascendia Bank, a 100-year-old northern New Jersey financial institution formerly known as Glen Rock Savings Bank, has named recently-retired banking executive Maureen Kalena to its Board. Ms. Kalena spent nearly three decades with Federal Home Loan Bank of New York, where her established successes made her an attractive selection to join the Board of Directors at Ascendia Bank.
Ms. Kalena’s impressive tenure with Federal Home Loan Bank of New York began in early 1995. Her career path enjoyed an upwardly mobile trajectory; most recently, she served as Vice President & Senior Relationship Manager, a position she held from 2020-2023.
A number of Ms. Kalena’s concentrations in her role with Federal Home Loan Bank of New York are highly applicable to Ascendia Bank. These include substantial experience in assets management, hedging interest rate risks and providing innovative liability structures including fixed rate and amortizing advances, SWAPs and structured advances. She also is highly knowledgeable in the residential secondary market sector, with a track record for loan sales that mitigate interest rate risk.
“The insight Maureen brings from working with institutions throughout the northeast, along with expertise in liquidity strategies and asset liability management scenarios, will be invaluable to Ascendia Bank. Her wealth of experience will be truly appreciated as we continue to expand and introduce new services.”
Ms. Kalena joins Ascendia Bank at a promising time. Its fifth branch, located in Oradell, is scheduled to open in September; and this past November, the bank opened a spacious new headquarters on Harristown Road in Glen Rock featuring a dedicated mortgage lending center.
Also, this year Ascendia Bank is debuting mobile banking capabilities, allowing customers to deposit checks, pay bills, monitor account activities, open new accounts and even apply for mortgages via a streamlined new smartphone app. The mobile banking features set Ascendia Bank apart from many local banking institutions, combining the personal touches of a neighborhood bank with the convenience and flexibility of larger ones.
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About Ascendia Bank
With five convenient, full-service branches in Glen Rock, Hawthorne, Oradell, and West Orange (two locations), 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 commercial mortgages for multi-family/mixed-use properties. Ascendia Bank recently enhanced its mobile banking services, allowing customers to open new accounts, deposit checks, pay bills, monitor account activities and even apply for mortgages from their smartphones. The features set Ascendia Bank apart from many local banking institutions, combining the personal touches of a neighborhood bank with the convenience and flexibility of larger ones. For more information, visit www.AscendiaBank.com. Member FDIC. Equal Opportunity Lender.