Windsor Federal Announces Transition in Leadership
Appointments Uphold Bank’s Commitment to Customers and Communities
WINDSOR, CONN., June 15, 2023 – Windsor Federal, headquartered in Windsor, Conn., appointed Luke Kettles as its new president on January 1, 2023. Additionally, he will become Chief Executive Officer following the Bank’s Annual Meeting in July, at which time George Hermann, the institution’s president and CEO of 11 years, will become Executive Chairman.
“The executive search process was an exhaustive one and I am pleased that out of a deeply talented and highly qualified pool of candidates, the Board selected Luke as the next president and CEO,” said George Hermann, Chief Executive Officer. “The strength of our organization lies in our customers and communities. Having been with Windsor Federal for seven years, Luke is entrenched in the Bank’s mission and purpose, and I am confident that he will carry forward in our commitment to them.”
With over 30 years of banking experience, Mr. Kettles joined Windsor Federal in 2016 as Executive Vice President - Chief Lending Officer. His extensive background in commercial lending management and leadership includes roles as Chief Lending Officer at Hampden Bank and Commercial Regional Executive at Berkshire Bank.
“I am honored and humbled to have been selected for this role,” Mr. Kettles said. “I look forward to working with our employees, senior management, and the Board of Directors, with George as Executive Chairman, as the Bank continues to evolve.”
Mr. Hermann joined Windsor Federal in 2012 as president and Chief Executive Officer, having previously served as President and CEO of The First National Bank of Suffield. He has dedicated 30-plus years to championing community banking at the local, state, and national levels. Mr. Hermann’s tireless efforts include his instrumental role in the passage of regulation allowing federal savings associations to operate as covered savings associations, paving the way for mutual institutions, like Windsor Federal, to continue to grow while upholding their commitment to remaining customer focused.
About Windsor Federal
Since 1936, Windsor Federal has been helping individuals and businesses achieve their financial goals. With highly personalized service, a warm, friendly environment, and a wide variety of banking products and services available, Windsor Federal believes bigger isn’t always better. For more information about Windsor Federal, go to
www.windsorfederal.com.
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WINDSOR FEDERAL OFFERS HOMEBUYING ASSISTANCE TO PEOPLE OF COLOR THROUGH FHLBANK BOSTON’S UMBRELLA SPECIAL PURPOSE CREDIT PROGRAM
WINDSOR, CONN., July 6, 2023 — Windsor Federal has been approved to participate in the Lift Up Homeownership program, a Federal Home Loan Bank of Boston pilot program designed to provide financial assistance to people of color purchasing their first home. People of color is defined as Black, American Indian or Alaska Native, Hispanic, Asian, and Native Hawaiian or Pacific Islander borrowers.
Through Lift Up Homeownership (LUH), people of color earning up to 120% of the area median income are eligible to receive up to $50,000 in down-payment and closing cost assistance on a first-come, first-served basis to purchase their first home in New England. Homebuyers are required to complete a homebuyer counseling program prior to receiving LUH funds.
“At a time when home prices and mortgage interest rates have risen sharply in New England, the dream of owning a home is beyond the reach of many. Windsor Federal is pleased to participate in the Lift Up Homeownership program and offer people of color a critical stepping stone to realizing their homeownership goals,” said David Iannucci, Vice President, Residential & Consumer Lending.
To learn more about applying for homebuying assistance through the Lift Up Homeownership program and other programs Windsor Federal offers in partnership with Federal Home Loan Bank of Boston and other organizations, please contact Jennifer Carreto, Residential Sales Manager, at (860) 422-5989 or JCarreto@windsorfederal.com
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About Windsor Federal
Since 1936, Windsor Federal has been helping individuals and businesses achieve their financial goals. With highly personalized service, a warm, friendly environment, and a wide variety of banking products and services available, Windsor Federal believes bigger isn’t always better. For more information about Windsor Federal, go to
www.windsorfederal.com.
About FHLBank Boston
The
Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households.
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