First Bank promotes 38 employees (yes, 38) following big year in 2023

Executive promotions of Gillespie, Smith, Giacobello and Tiernan lead way

What do you do after a year of record growth? You promote the folks who helped you accomplish it. That’s what First Bank did this week, when it announced promotions for 38 employees who played key roles supporting customers and communities while helping the bank thrive and grow amid a record 2023.

Some notable promotions within senior leadership include:

  • Darleen Gillespie, chief retail banking officer, promoted to executive vice president;
  • Michael Smith, director of small business and corporate development, promoted to first senior vice president;
  • Michael Giacobello, promoted to SVP and business development manager;
  • Casi Tiernan, promoted to SVP and director of treasury management.

First Bank closed 2023 with $3.61 billion in assets, an $876.4 million increase from $2.73 billion at the end of 2022. Total loans also increased, from $2.34 billion at the end of 2022 to $3.02 billion a year later, while total deposits increased from $2.29 billion to $2.97 billion.

First Bank also closed on the acquisition of Malvern Bank in 2023. The combined stock and cash transaction was valued at $129.7 million. The acquisition also expanded First Bank’s footprint in the highly desirable Philadelphia Main Line and added a branch in Florida.

CEO Patrick Ryan said the bank’s team-first approach paid off.

“Running a community bank that flourishes and grows and consistently delivers reliable services to its neighbors demands individuals who are deeply committed and ready to exceed expectations in any scenario — these leaders do just that,” he said.

“Our top- and bottom-line performance led First Bank to unprecedented expansion in 2023. There are many reasons for this success. Our team tops the list.”

Additional First Bank promotions include:

  • Shatha Abbasi, vice president and /internal auditor;
  • John Alfredsen, VP and senior credit underwriter;
  • Megan Brugnoli, human resources generalist;
  • Michael Cahill, first VP and relationship manager II;
  • Edward Caporellie, FVP and market manager;
  • Louis Ciarlante, VP and relationship manager II;
  • Leah Cole, senior commercial loan administrator;
  • Cori Cubberley, FVP and lending data integrity manager;
  • Beverly Francis-Campeau, senior commercial loan administrator;
  • Mona Goff, assistant VP and electronic banking manager;
  • Alison Goldy, loan accounting specialist II;
  • Sharon Grabowski, AVP and deposit operations manager;
  • Nikki Harrison, AT and electronic banking analyst II;
  • Jamie Hart, commercial loan administrator II;
  • Philip Heberling, FVP and relationship manager II;
  • Chadwick Holmes, loan servicing and imaging specialist;
  • Renata Kudelko, personal banker;
  • Christopher Lehmann, credit analyst II;
  • Lydia Lohrey, senior loan documentation specialist;
  • Valerie Maloupis, team leader and senior flood processor;
  • Elaine McClure, retail administration support specialist;
  • Colleen Murphy, AT and senior credit analyst;
  • Heley Patel, financial analyst;
  • Adam Regnery, FVP and relationship manager II;
  • Alexander Reilly, staff accountant II;
  • Rebecca Robotin-Lorie, VP and sales support manager;
  • Kyle Smith, VP and relationship manager II;
  • Maria Tramo, VP and retail operations manager Northern N.J./Central N.J.;
  • Melissa Trout, senior commercial loan administrator;
  • Jennifer Tykarsky, AVP and operations wire manager;
  • Sharon Unger, VP and deposit operations analyst II;
  • Leonardo Valarezo, deposit operations analyst II;
  • Vanessa Van Gorden, AT and human resources specialist;
  • Trinette Williams, personal banker supervisor.