WALL, NJ, AUGUST 27, 2012–Manasquan Savings Bank has appointed James S. Vaccaro as its new President and CEO. Vaccaro will be replacing interim president Thomas F. Blake, who is retiring.
A life-long Monmouth County resident, Vaccaro is the former CEO of Monmouth Community Bank, which he helped form in 1998. Vaccaro oversaw the institution’s merger with Allaire Community Bank in 2005. He then became President and CEO and additionally Chairman, in 2008, of the merged entity, Central Jersey Bancorp, a $600 million Bank Holding Company.
Vaccaro retained that role until 2010, when he negotiated a merger between Central Jersey Bancorp and Kearny Financial Corp. In 2011, he left to become Chief Operating Officer of Springpoint Senior Living, Inc., the most prominent and largest not-for-profit provider of senior housing and healthcare in the State of New Jersey.
“I thoroughly enjoyed my tenure at Springpoint,” says Vaccaro. “But my passion has always been in banking,” adding that he began his career with Citibank in 1980.
“Joining a bank with the prestige and reputation of Manasquan Savings Bank is an opportunity that is unique,” he notes. “They are the epitome of a community bank—big enough to satisfy all the banking needs of their chosen markets, yet small enough to be personal, compassionate and responsive.”
According to outgoing president Blake, Vaccaro possesses the right DNA to guide Manasquan Savings Bank. “He has spent more than 25 years in community banking and is deeply enmeshed within the Monmouth and Ocean County community,” explains Blake, who served as President of Manasquan Savings Bank for 26 years. Blake will continue to serve on the bank’s Board of Directors.
“The entire board of directors is very pleased to have secured Jim Vaccaro as the President and CEO of our bank,” says James Manser, Chairman of the Board of Directors of Manasquan Savings Bank. “We are very excited about the prospects for the future of Manasquan Savings Bank with Jim assuming the leadership role. The board is also indebted to Thomas Blake for his continued outstanding leadership over the years.”
Vaccaro, who is a graduate of Ursinus College and a certificate program at the Harvard School of Business, serves on numerous local boards including Monmouth University, Barnabas Health, Monmouth Medical Center, Visiting Nurses Association of Central Jersey, NJ Repertory Theater, Preventions First Leadership Cabinet and Interfaith Neighbors Advisory Board.
“Manasquan Savings Bank has transitioned from a full service savings bank to a full service commercial enterprise,” Vaccaro says. “That means we offer the same services as large national banks, but in a far more user friendly manner. Our loan officers, branch managers and tellers have been with us for years. They are part of their communities. They are the neighbors of our customers. That’s what sets us apart,” he adds.
Vaccaro lives in West Allenhurst with his wife of 32 years. He has three children.