The board of directors of Artisans’ Bank in Wilmington, Delaware, has elected Elizabeth D. Albano as the bank’s 12th president and CEO and a member of the board. Albano previously held the position of executive vice president and chief financial officer.
Albano has been employed by Artisans’ Bank for 29 years, serving in a variety of positions with increasing levels of responsibility. Beginning as a management trainee within the Audit Department, her career transitioned to the Finance Division, where she progressed through various roles including controller and chief financial officer, making key contributions to the institution in the areas of strategic planning, core data and accounting systems integration, administrative cost control and staff development. In 2017, Albano was promoted to executive vice president of the bank.
She has worked closely with Mark E. Huntley, immediate past president and CEO, and the senior management team to develop policy and ensure effective internal processes. As CFO, she was responsible for the management of the bank’s Finance Division, strategic plan and budget, key regulatory affairs, external financial statement and control audits and tax accounting relationships.
Artisans’ Bank Board Member Jed Hadfield, said, “I am excited for the future of Artisans’ Bank as Beth Albano moves into the position of president and CEO. I offer my most sincere gratitude to Mark Huntley for his leadership over the last several years, some of the toughest in the institution’s history, in bringing the bank back to good health following the effects of the Great Recession. During those challenging years Mark, Beth and the whole management team at Artisans’ performed tremendous work.”
Albano is currently chairman of the Delaware Bankers Association’s Board of Directors, which she joined in May 2015. Additionally, she serves on the Federal Home Loan Bank of Pittsburgh’s Member Advisory Board and the President’s Advisory Council of Mount Saint Mary’s University.
Albano holds a bachelor’s degree in business and finance from Mount Saint Mary’s University in Emmitsburg, Md. She is involved in community organizations such as the Ronald McDonald House, the Food Bank of Delaware and Ursuline Academy. She is a lifelong resident of Wilmington, where she resides with her husband, Joe, and their two daughters.
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