Township of Washington, NJ, March 28, 2008 – Mr. Kevin J. Lynch, President, Chairman, and CEO, is pleased to announce that the Board of Directors of Oritani Financial Corp. has named Michael A. DeBernardi as Executive Vice President and Chief Operating Officer. This appointment strengthens the Bank’s ability to grow and expand its franchise.
As Chief Operating Officer, Mr. DeBernardi will oversee Oritani’s credit administration, loan servicing, retail operations, and other administrative responsibilities. Mr. DeBernardi brings over 30 years of experience in senior positions in the financial industry with him to this new job.
For the past 15 years, Mr. DeBernardi has served as a director at Oritani. He will continue as a member of the Board of Directors of Oritani Financial Corp.
Mr. DeBernardi is a graduate of Boston College with an MBA degree from Babson College. He is a member of the Board of Directors of Chilton Hospital, is married with two children, and resides with his wife in Kinnelon, New Jersey.
Oritani Financial Corp. has announced additional changes that include Mr. Nicholas Antonaccio assuming the position of Lead Director of Oritani Financial Corp. in addition to his role as Chairman of the Audit Committee of the Board of Directors.
Thomas Guinan, Chief Lending Officer, will continue to focus on marketing and origination of retail and commercial loans.
Oritani Savings Bank is a 96 year old community bank with over $1 billion in assets based in the Township of Washington, New Jersey. Oritani Savings Bank has 19 branch locations throughout Bergen, Hudson, and Passaic Counties. Oritani Savings Bank offers a full line of banking deposit and loan services to both retail and commercial customers. For more information, call 888-ORITANI, or visit their website, www.oritani.com.