Blue Foundry Bank hires pair of executives

Blue Foundry Bank has added a pair of executives to bolster its risk and security functions, it announced recently.

Brent Ciurlino, a longtime risk management expert, has joined the Rutherford-based bank as executive vice president and chief risk officer. In his new role, he will be responsible for all aspects of the bank’s enterprise risk and will work to ensure it is able to identify and mitigate risk in the course of achieving its financial and operational objectives.

“Blue Foundry is a sound, innovative community bank, positioned to build and grow its customer base and community presence,” Ciurlino said in a prepared statement. “I look forward to enhancing the established enterprise risk management platform and working with the executive team to implement sound, strategic and visionary risk leadership that will facilitate safe growth as well as expand the bank’s product and customer core.”

Ciurlino will report to CEO and President James Nesci. Most recently, he was senior vice president of risk and operations at Newtek Business Service Corp., a Small Business Association lender.

“Brent is a seasoned veteran in the banking industry, and we’re thrilled to draw upon his expertise,” Nesci said in a statement. “His ability to think strategically, adapt accordingly and lead effectively makes him a valued asset to the Blue Foundry team.”

In another move, Blue Foundry has hired Richard Smith, another longtime industry executive, as vice president, security, and fraud officer. Smith will ensure the protection of Blue Foundry employees, customers, buildings and other assets, as well as creating a foundation for best practices in areas including fraud management, in order to reduce or eliminate loss for the organization and its customers.

“I am ready to apply decades of fraud management experience and knowledge to create programs that support Blue Foundry Bank and provide best-in-class fraud defenses,” he said in a statement. “These new programs will assist the bank and our customers with loss recovery, more sophisticated investigation techniques, bank regulatory compliance, and customer education and remediation.”

Smith most recently was vice president of fraud operations at Morgan Stanley Wealth Management.

Blue Foundry, the former Boiling Springs Savings Bank, has 17 branch locations in Bergen, Essex, Morris and Passaic counties.