Sawyer Savings Bank Announces changes to Senior Management and Board of Trustees

Sawyer Savings Bank Announces changes to Senior Management and Board of Trustees

Sawyer Savings Bank, in business since 1871, is proud to share news of the following changes to Senior
Management and to the Board of Trustees as of January 1, 2019.

With leadership capability and the importance of continuity across every aspect of the bank’s service, we
announce the naming of Douglas P. Sturges as the new President and Chief Financial Officer (CFO).

Mr. Sturges has worked at Sawyer Savings as Chief Financial Officer for over 20 years. He graduated
Magna Cum Laude from Sienna College in 1984 as an Accounting major and obtained a Master’s Degree
in Banking from Louisiana State University in 2006. He is a CPA and a member of both the AIPCA and
NYSSCPA.

Mr. Sturges and his wife live in Saugerties and enjoy the community immensely. He looks forward to
continuing to work with the dedicated staff at Sawyer Savings and to grow the Bank in the years ahead.

Gabriel F. Sottile has stepped down as President of Sawyer Savings and remains Chief Executive
Officer (CEO) and Chairman of the Board
. Mr. Sottile’s 40-year tenure has included posts from Auditor
to AVP, VP, EVP, President and Trustee, as well as his current positions.

Mr. Sottile is and has been an active member of the Hudson Valley Community, serving as Chairman of
the Board for Benedictine Hospital and continuing as Trustee and Chair of the Finance Committee for
Ulster County Community College.

James P. Whitaker has been appointed Executive Vice President (EVP) and Chief Information
Security Officer (CISO)
of Sawyer Savings. He has held positions with the bank in customer service,
underwriting for commercial loans, IT and more for over 18 years. He has an Associates’ Degree from
UCCC.

Mr. Whitaker is a lifelong resident of Saugerties and graduated from Saugerties High School. He is a
member of both the Sons of the American Legion and the Kiwanis Club where he serves on numerous
committees.

Cynthia Saporito, currently Senior Vice President (SVP) and Chief Operating Officer (COO), has
been elected to the Sawyer Savings Board of Trustees. Over the past 33 years, she has held positions
as an Internal Auditor, AVP Lending, VP of Operations, CRA and Compliance Officer prior to her
becoming SVP and COO in 2005. She is a graduate of SUNY Ulster and Marist College with a BS in
Business.

Ms. Saporito is a resident of Saugerties who serves on the Board of the Saugerties Public Library and is a
member of the Kiwanis Club. She was also on the Board of the Kingston Boys & Girls Club for over 10
years.