Anytime you use your Manasquan Bank Debit Mastercard® for point-of-sale (POS) purchases, we’ll round up the total purchase to the nearest whole dollar and automatically deposit the difference into your designated checking or savings account.
As Senior Executive Vice President, Chief Financial Officer, Michael Malloy is responsible for the direction of all financial activities including but not limited to treasury, accounting, asset and liability management, tax, and financial control activities. In addition to further bolstering the Bank’s executive leadership team, he also represents the bank on financial matters with industry, governmental, and regulatory organizations.
Malloy joined the Bank in 2018 from Big Four audit and tax firm KPMG, where he spent 10 years in the New York Financial Services Audit Practice. Malloy managed full-scope financial statement and integrated audits including strategy, research, fieldwork, review and reporting. He was also involved in the development of cognitive audit tools, internal performance reviews, recruiting and community service. Malloy’s primary focus at KPMG was on regional and community banks headquartered in New Jersey.
“Manasquan Bank is a proud and growing community bank with a proven senior management team and clear commitment to the communities it serves,” Malloy said. “I wanted to join an organization close to home with a strategic plan that is both rewarding and challenging.”
Prior to his most recent tenure as Senior Manager of Auditing (Financial Services) at KPMG, Malloy served as Senior Vice President and Chief Financial Officer at Colonial American Bank, and, previously, Director of Financial Reporting at Northfield Bank. He began his career with KPMG, working there for six years before pursuing these opportunities and eventually returning to the firm.
“Michael’s experience speaks for itself,” said Manasquan Bank President and CEO, James S. Vaccaro. “His resume is local, global, wide-ranging and highly specialized all at once. We are fortunate to have him onboard, and hold every expectation for him to become a pillar of our vision for the future.”
Malloy earned a B.S. in Accounting from Rutgers University and a Master’s in Accountancy and Professional Consultancy from Villanova University. He is a licensed Certified Public Accountant in the State of New Jersey, maintaining an affiliations with the American Institute of Certified Public Accountants.