Manasquan Bank, a community bank headquartered in Wall Township, N.J., has promoted Catherine D. Franzoni to the newly established position of EVP and Chief Operating Officer (COO), the bank’s president and CEO, James S. Vaccaro, announced.
Franzoni joined Manasquan Bank in 2004 as Vice President and Chief Financial Officer, and earned a promotion to EVP, CFO in 2009. In 2017, she was named a CFO Innovation Award winner, receiving recognition as CFO of the year in the Middle Market: Driving Growth and Innovation category at the third annual CFO Innovation Conference and Awards. Franzoni has led Manasquan Bank through asset growth of more than 250 percent in her nearly 15 years with the coastal New Jersey institution, while also being responsible for asset liability management, strategic planning, budgeting and financial reporting.
A New Jersey native and accountant by trade with decades of leadership experience in the local banking sector, Franzoni serves as a trustee on the board of Manasquan Bank’s Charitable Foundation, and on the board of Big Brothers Big Sisters of Monmouth & Middlesex Counties. She holds a B.S. in Accounting from Montclair State University.
As Chief Operating Officer, she will partner with all business segments to create operational efficiencies, increase profitability and continue to build on Manasquan Bank’s positive momentum.
“I, along with the entire Board of Directors at Manasquan Bank, would like to congratulate Cathy on this significant and well-deserved promotion,” Vaccaro said. “Her contributions to our growth and success of Manasquan Bank have been immeasurable and we are confident that she will have an equally positive impact as Chief Operating Officer.”