Timothy P. Geelan has been officially named President & CEO for Guilford Savings Bank (GSB). He will serve as the 11th CEO in the bank's 139-year history. Margaret Y. Livingston, former president & CEO announced her retirement in April 2013, effective Jan. 31 of this year. The Board of Corporators voted unanimously to elect Timothy P. Geelan to succeed Livingston as president & CEO at its April 2013 meeting.
Geelan brings with him more than 25 years of experience. He began his career at Connecticut National Bank and its successor Shawmut National, before coming to GSB in 1994. Throughout his 20 years with GSB, he has served in various capacities including chief loan officer, and more recently as chief operating officer with oversight responsibilities for enterprise risk management, retail, marketing, finance, operations, and information technology.
Geelan also has strong connections in the community. He is a native of Old Lyme and currently resides in Guilford with his wife Melissa and their three sons. He is an active volunteer and member of the Rotary Club, and has served as president for both the Guilford Foundation and the Guilford Chamber of Commerce.
Geelan is excited as he looks toward the future.
"While we're changing CEOs, our commitment to our core values remains unchanged," explained Geelan. "We promise to remain an independent mutual bank, with our focus completely on our customers' needs."
Livingston, whose tenure at the bank spanned more than 38 years, will remain on the Board of Trustees. After working together for 19 years, Livingston is excited for what the future holds.
"Tim is an extremely bright professional and could not be more committed to the continued success of GSB" she said. "He has high standards for the bank, himself, and our employees. The bank's future is in good hands with Tim's ability to lead, and the support of the valuable GSB team."
GSB has been serving the financial needs of the Connecticut shoreline for 139 years. Recently named the #1 Community Bank in Connecticut, it provides banking, lending, wealth management, and life insurance solutions for personal, small business, and commercial customers. It has offices in Guilford, Branford, Madison, and Old Saybrook.