MANASQUAN BANK - Key Persons
Job Titles:
- Corporate Secretary
- Member of the SENIOR MANAGEMENT Team
- Senior Vice President
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- AVP, Retail Assistant Branch Manager
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- Member of the Board
- Member of the BOARD of DIRECTORS
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- Member of the Board
- Member of the BOARD of DIRECTORS
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- Senior Vice President
- SENIOR MANAGEMENT
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- AVP, Retail Assistant Branch Manager
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- Vice President, Commercial
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- AVP, Retail Assistant Branch Manager
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- Vice President, Commercial Lender
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- VP, Retail Branch Manager
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- VP, Retail Branch Manager
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- VP, Retail Branch Manager
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- VP, Retail Branch Manager
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- Chief Operating Officer
- Executive Vice President
- Senior Executive Vice President
- EXECUTIVE MANAGEMENT
Manasquan Bank's Executive Vice President and Chief Operating Officer, Cathy Franzoni was responsible for maintaining the bank's financial stability as the former CFO, but her role has evolved into a position that is much more than that.
When she accepted her self-described "dream job" in 2004, Franzoni was excited about being able to touch each and every department in the bank. "My job is to keep the bank safe, financially sound and viable moving forward," she says. "In order to do that, I need to have involvement in every department."
Her strategy is apparently working. The bank's financial benchmarks are stellar. "We are among the top 10% of banks in the country in terms of asset size and the FDIC would categorize us as well capitalized," she reports.
Franzoni also serves on the board of the newly formed Manasquan Bank Charitable Foundation. The Foundation has awarded upwards of $600,000 in grants. "The donations represent a true cross-section of our community," she says, noting that contributions have been given to senior and youth organizations, sports leagues, history preservation societies, the arts, and health services. "We're especially proud of being able to do this with our own assets. It is truly giving back to our communities."
Franzoni likes to call Manasquan Bank's community commitment "The 6 Degrees of Manasquan Bank". "We are part of our communities, whether participating at an event, hosting an event or making a donation," she says. "We strive to be connected everywhere, at some level or another."
Franzoni points to a different area of community support the bank is involved in. They are directly soliciting the municipalities in and around their branches. "Every town has significant banking requirements. The amount of cash collected and dispersed is mind-boggling. Large banks can handle the high level of transactions, but they are not equipped to provide the level of service and personal touch that is sometimes required," she notes.
Bay Head and Neptune City are just two of several municipalities to switch their banking to Manasquan Bank. "There are quite a few others preparing to move their accounts to us as well," notes Franzoni.
Job Titles:
- VP, Retail Branch Manager
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- VP, Retail Branch Manager
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- VP, Retail Branch Manager
Job Titles:
- Senior Vice President, Commercial
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- AVP, Retail Assistant Branch Manager
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- Member of the Board
- Member of the BOARD of DIRECTORS
Job Titles:
- AVP, Retail Assistant Branch Manager
Job Titles:
- VP, Retail Branch Manager
Job Titles:
- AVP, Retail Assistant Branch Manager
Job Titles:
- Member of the Board
- Member of the BOARD of DIRECTORS
Job Titles:
- AVP, Retail Asst Branch Manager
Job Titles:
- AVP, Retail Assistant Branch Manager
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- Member of the Board
- Member of the BOARD of DIRECTORS
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- CEO
- Chairman of the Board
- Member of the BOARD of DIRECTORS
- Member of the EXECUTIVE MANAGEMENT Team
- President
- Member of the Board of Trustees of, RWJ / Barnabas Health
James S. Vaccaro is Chair, President, and Chief Executive Officer of Manasquan Bank, a multi-billion dollar mutual banking organization founded in 1874. Manasquan Bank currently operates from fifteen offices and branches located in Middlesex, Monmouth, and Ocean Counties, New Jersey.
In 2022 Jim was appointed to serve on The Federal Reserve Bank of New York's Community Depository Institutions Advisory Council (CDIAC). Council members are representatives of commercial banks, thrifts institutions, and credit unions with assets not exceeding $10 billion and headquartered in the Federal Reserve's Second District (New York State; Northern New Jersey; Fairfield County, Connecticut; Puerto Rico; and the U.S. Virgin Islands). The CDIAC advises New York Fed leadership on the economy, lending conditions, and other related issues pertinent to community depository institutions.
Prior to joining Manasquan in 2012, Mr. Vaccaro served as executive vice president and chief operating officer for Spring Point Senior Living, New Jersey's leading provider of not-for-profit senior house and healthcare.
While he has worked in other fields, the majority of Mr. Vaccaro's career has been as a leader within the banking profession, with more than thirty years of experience in the industry.
He served as chairman, president, and CEO of Central Jersey Bancorp, the parent company of Allaire Community Bank and Monmouth Community Bank, which he helped found in 1998. From 1982 to 1995, Mr. Vaccaro was employed by Central Jersey Bank and Trust Company and served in various capacities including executive vice president, treasurer, CFO, and member of the board of directors.
A leader in both civic and philanthropic organizations, Mr. Vaccaro is a member of the Board of Trustees of, RWJ/ Barnabas Health and a member of the Board and former Chair of Monmouth Medical Center. He is former Chairman of the Board for Visiting Nurses Association of Central New Jersey, a former member of the Board of Trustees of Monmouth University and sits on the advisory board of Interfaith Neighbors and the leadership council of Prevention First. He also is the past Chair of the Board of Directors of the New Jersey Bankers Association and currently remains on the Board. He is a member of the Board of Directors of Four Springs Capital, LLC.
In 2013 Mr. Vaccaro was the recipient of the Monmouth University Distinguished Business Leader Award and in 2007, the Long Branch Chamber of Commerce honored Mr. Vaccaro with the Louis G. Libutti Community Service award for exceptional leadership, professional achievement, and a stellar record of community service.
Mr. Vaccaro received a BS in economics from Ursinus College and earned a PMD certification from Harvard Graduate School of Business.
Job Titles:
- Member of the Board
- Member of the BOARD of DIRECTORS
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- Vice President, Commercial
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- Member of the SENIOR MANAGEMENT Team
- Senior Vice President, Director of Commercial Lending
Casten has been able to move many of his former clients to Manasquan Bank because of its reputation for excellent client service. "Our mobile banking and remote deposit make it easy for us to expand throughout the state," he says.
Job Titles:
- Senior Vice President, Director of Marketing, Digital Operations Officer
Job Titles:
- VP, Retail Branch Manager
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- Member of the Board
- Member of the BOARD of DIRECTORS
Job Titles:
- VP, Retail Branch Manager
Job Titles:
- Vice President, Commercial
Job Titles:
- AVP, Retail Assistant Branch Manager
Job Titles:
- Member of the Board
- Member of the BOARD of DIRECTORS
Job Titles:
- AVP, Retail Assistant Branch Manager
Job Titles:
- VP, Retail Branch Manager
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- VP, Retail Branch Manager
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- Senior Executive Vice President
- EXECUTIVE MANAGEMENT
Lisa joined Manasquan Bank in March 2016 as Senior Vice President, Director of Human Resources and she currently serves as the Senior Executive Vice President and Chief HR Officer. A proven human resources leader, Lisa has been instrumental in fostering and further developing the corporate culture that has become one of the hallmarks of Manasquan Bank. Lisa is a highly experienced and accomplished HR executive with over 30 years of experience across all HR disciplines and in multiple industries.
Lisa began her career early on as a Management Trainee at Harrah's Casino, where she gained hands-on experience in various aspects of the business. She quickly proved herself and was promoted to the role of Compensation Analyst. Lisa then advanced to work as an HR Manager at PRA International, where she made significant contributions and progressed to become the Director of North America, the Global Director of Compensation, Benefits & HRIS, and finally the Global VP of Human Resources.
Prior to joining Manasquan Bank, Lisa also spent 9 years at International Flavors & Fragrances, where she led HR in North America and worked closely with the global Flavor and Fragrance sales teams. In this role, she was responsible for developing and implementing HR strategies that supported business growth, fostered employee engagement, and enhanced the overall employee experience.
Lisa holds a Bachelor's degree in Psychology and a Master's degree in Industrial Organizational Psychology. She is an active member of the HR community and currently serves as the Chair for the NJ Bankers HR Committee. Additionally, Lisa sits on the Advisory Board for the Wall Township High School Business and Finance Academy, where she shares her knowledge with the next generation of business leaders.
Throughout her extensive career, Lisa has developed a wealth of expertise in building strong cultures, developing innovative HR initiatives, strategic planning, and talent management. She is dedicated to creating a positive and supportive work environment and is passionate about helping organizations to achieve their goals. Lisa's unique blend of experience, knowledge, and leadership make her a valuable asset to our organization.
Job Titles:
- AVP, Retail Assistant Branch Manager
Job Titles:
- EXECUTIVE MANAGEMENT
- Senior Executive Vice President, Chief Lending Officer
"At Manasquan Bank, the size of the loan request is secondary to the business owner or property owner making the request," says Mark Beriault, Executive Vice President and Chief Lending Officer, who oversees all residential and business loans for the Bank.
Beriault joined the Bank in 2004 to expand its lending operations. He has assembled a team of seasoned local loan officers that contact borrowers personally and make informed decisions in a timely manner. "We typically get back to the applicant with a decision within two to three weeks," he states.
Beriault's team is nimble and customer service-oriented. "We can afford to be because all loan decisions are made right here. It also means we can service the loan more efficiently. If a business or property owner has a question, he or she calls the account officer directly. Our customers don't need a toll-free number and an afternoon to spend on hold," he says.
Job Titles:
- Vice President, Commercial
Job Titles:
- Senior Vice President, Commercial
Job Titles:
- VP, Retail Branch Manager
Job Titles:
- Assistant Vice President, Commercial Lender
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- Vice President, Commercial
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- Chief Financial Officer
- Senior Executive Vice President
- EXECUTIVE MANAGEMENT
- Senior Executive Vice President, Chief Financial Officer / SENIOR MANAGEMENT
As Senior Executive Vice President, Chief Financial Officer, Michael Malloy is responsible for the direction of all financial activities including but not limited to treasury, accounting, asset and liability management, tax, and financial control activities. In addition to further bolstering the Bank's executive leadership team, he also represents the bank on financial matters with industry, governmental, and regulatory organizations.
Malloy joined the Bank in 2018 from Big Four audit and tax firm KPMG, where he spent 10 years in the New York Financial Services Audit Practice. Malloy managed full-scope financial statement and integrated audits including strategy, research, fieldwork, review and reporting. He was also involved in the development of cognitive audit tools, internal performance reviews, recruiting and community service. Malloy's primary focus at KPMG was on regional and community banks headquartered in New Jersey.
"Manasquan Bank is a proud and growing community bank with a proven senior management team and clear commitment to the communities it serves," Malloy said. "I wanted to join an organization close to home with a strategic plan that is both rewarding and challenging."
Prior to his most recent tenure as Senior Manager of Auditing (Financial Services) at KPMG, Malloy served as Senior Vice President and Chief Financial Officer at Colonial American Bank, and, previously, Director of Financial Reporting at Northfield Bank. He began his career with KPMG, working there for six years before pursuing these opportunities and eventually returning to the firm.
"Michael's experience speaks for itself," said Manasquan Bank President and CEO, James S. Vaccaro. "His resume is local, global, wide-ranging and highly specialized all at once. We are fortunate to have him onboard, and hold every expectation for him to become a pillar of our vision for the future."
Malloy earned a B.S. in Accounting from Rutgers University and a Master's in Accountancy and Professional Consultancy from Villanova University. He is a licensed Certified Public Accountant in the State of New Jersey, maintaining an affiliations with the American Institute of Certified Public Accountants.
Job Titles:
- AVP, Retail Assistant Branch Manager
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- AVP, Retail Assistant Branch Manager
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- Chief Technology Officer
- Senior Vice President
- SENIOR MANAGEMENT
Manasquan Bank's Senior Vice President, Chief Technology Officer, Rich Lanza believes he has two sets of clients. "The first and most important set is our everyday, traditional clients," he says. "My goal is to make their banking experience as easy and as convenient as possible."
The second set of Lanza's clients is Manasquan Bank's own employees. "Their requests are always related to client transactions so improving the IT support system ultimately enhances the overall external customer experience as well," he explains.
As an example, Lanza points to the cash recyclers have been introduced to all 15 branches. A recycler is a sophisticated machine that automates a couple of simple, but important tasks-accepting and dispensing cash. It significantly increases client satisfaction by reducing wait times by up to 50%, allowing tellers to provide a more personal, as well as efficient service. "We've also added Teller Source Capture, a technology platform that allows tellers to focus more attention on the customer rather than the transaction," he adds.
Lanza notes that many of his team's tasks are designed to make the complex look simple. They implemented a new user interface so that mobile and online banking have similar designs. The team has enabled instant issue debit cards at every branch so lost or damaged cards can be replaced immediately, including chip-enabled cards.
"Though convenient, there are a host of security issues and certifications that must be completed to ensure a successful introduction," adds Lanza. He adds that the Infinity checking program that has proven so popular also has a tremendous amount of data processing going on in the background.
"Infinity accounts target our clients who are on the go. They want to use their ATM card everywhere. We not only track the individual transactions but monitor the types of transactions so we can rebate any ATM fees if the account qualifications have been met. It has proven wildly successful with college students who literally live off their debit cards," he says.
Job Titles:
- SENIOR MANAGEMENT
- Senior Vice President, Director of Residential Lending
- Vice President for the Coastal Habitat for Humanity 's Board of Directors
In a commoditized industry where mortgage lenders compete on rate and pricing, Manasquan Bank's Senior Vice President & Director of Residential Lending, Robert Hart adds two more criteria into the decision making process: quick lending decisions and service excellence. "We do what we can, when we can to expedite the process," he says, noting that Manasquan Bank is already highly competitive on loan costs.
"We understand applying for a mortgage is an emotional process and time is of the essence. Our entire team is committed to efficiently processing loan requests," says Hart.
Hart serves as the Vice President for the Coastal Habitat for Humanity's Board of Directors. Manasquan Bank has assumed the servicing of their loans at no cost to the non-profit. The new TRID disclosure regulation has made it more costly and complex for Coastal Habitat for Humanity to process their own loans as they've done in the past.
Robert Hart has over 36 years of experience in the banking industry, working for lenders such as City Federal Savings, OceanFirst Bank, Central Jersey Bank, and Sovereign Bank. He's been at home at Manasquan Bank now for 9 years. The residential lending group has an average of 25 years of experience per person. That makes for a well-seasoned team that knows how to adapt to various challenges. That being said, their greatest accomplishments are seeing the positive impact they make in the community and making sure the people they serve are happy and satisfied.
Job Titles:
- Senior Vice President, Commercial
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- AVP, Retail Assistant Branch Manager
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- Lead Director
- Member of the BOARD of DIRECTORS
Job Titles:
- Chief Credit Officer
- Senior Vice President
- SENIOR MANAGEMENT
Job Titles:
- VP, Retail Branch Manager