In November of 2005, The Bank of Princeton was just an idea, an idea shared at a meeting between Stephen Distler and Ross Wishnick. Mr. Distler came to this meeting following a successful career in New York at the investment banking firm of Warburg Pincus. Mr. Wishnick came to this same meeting following a career in real estate development and as a founding director of nearby First Washington State Bank which was founded in 1989.
Since that time, the initial incorporators (the initial investors) were identified and they provided the seed capital that became the basis for the creation of the bank. Subsequently and methodically the management team was identified and hired.
The investor group has grown from the initial 20 incorporators to 629 shareholders. The original $30 million of capital raised far exceeded the $6 million minimum threshold required by the New Jersey Department of Banking. This fundraising success is strong testimony to the considerable support the bank has in the local community.
In 2010, MoreBank, a Korean based bank in Pennsylvania, was acquired by The Bank of Princeton. Combined with the three branches under the MoreBank division, we now have 12 branches total in two states. Today, The Bank of Princeton team has grown from its beginnings with a team of 12 to over 100 employees led by Chairman Andrew M. Chon.
The Bank of Princeton is a growing, profitable community bank that was founded in Princeton, New Jersey in 2007. It is a New Jersey state-chartered commercial bank with nine branches in New Jersey, including three in Princeton and others in Hamilton, Pennington, Montgomery, Monroe Township and Lambertville, New Brunswick, and three branches operating under the MoreBank name in the Philadelphia area. The Bank of Princeton is a member of the FDIC, an Equal Opportunity Employer, and an Equal Opportunity Lender.
Biographies – Directors
Andrew M. Chon is the Chairman and CEO of Navitas Solutions, Inc.; a high-tech venture company specializing in R&D and commercialization of semiconductors and related software that enable energy storage system for transportation and utility industries. Prior to his current assignment, he was an Executive Vice President and General Manager of Samsung Electronics Co., Ltd. Mr. Chon had the worldwide responsibilities of new business development, digital convergence business and venture investment business. Prior to Samsung Electronics, he held various senior executive positions with Lucent Technologies, AT&T and NCR Corporation. His diverse management experience includes business development, strategic management, marketing & sales management, and technology & risk management. Mr. Chon is profoundly involved in community development activities. He currently serves on the Board of Directors in non-profit organizations including Princeton Chamber of Commerce, Princeton Symphony Orchestra, Korean Community Center of Princeton and Korean Community Center Foundation. Mr. Chon graduated with a Bachelor's degree in Economics from UMBC and earned an Executive MBA from J. L. Kellogg Graduate School of Management at Northwestern University. Mr. Chon is an elected member of the National Academy of Engineering of Korea. Andrew Chon has served on the Board of Directors of The Bank of Princeton since 2007 and currently serves as Chairman. (top)
Stephen Distler spent 25 years in the financial services industry, mostly as Managing Director and Treasurer at Warburg Pincus, LLC, one of the world’s pre-eminent private equity investment firms. He is an active venture investor and serves on the Board of Directors of Apex Learning, Inc. and Teachers Support Network, Inc., two for-profit education companies. He is also a member of the Board of Trustees of the University Medical Center at Princeton, where he currently serves as Chairman of the Oversight Committee for the $500 million construction of a new hospital campus. Stephen Distler has served on the Board of Directors of The Bank of Princeton since 2007 and currently serves as Vice Chairman of the Bank. (top)
Ross Wishnick was a homebuilder for 25 years specializing in the development of Active Adult Communities. He was a senior executive with Crestwood Village, Inc. a New Jersey developer and one of the pioneers in what is today one of the fastest growing segments of the homebuilding industry. Mr. Wishnick was a founding director of the New Jersey chapter of the Community Association Institute (CAI) and was a member of the New Jersey Alliance for Action, a consortium of business, labor, government and academic leaders dedicated to improving the State’s economy by improving its infrastructure by helping to create a more cooperative atmosphere. In addition, Mr. Wishnick was a founding director of First Washington State Bank based in Windsor, New Jersey. For 15 years, he helped grow the bank from one branch to fifteen branches and from $3 million in assets to $500 million. He served on the loan, personnel and technology committees during his tenure. For the past three years, Mr. Wishnick has been a member of the Princeton Human Services Commission, a joint commission of Princeton Township and Princeton Borough residents that provides services to youths and seniors in civil rights and general assistance. And Mr. Wishnick is a member of the advisory board of the Princeton Education Foundation (PEF). PEF supports excellence in Princeton Regional Schools by contributing raised funds for capital improvements, educational programs and teacher support. Ross Wishnick has served on the Board of Directors since 2007 and currently serves as Vice Chairman of the Bank. (top)
Judith A. Giacin is a founding member of the Certified Public Accounting firm Horvath & Giacin, P.C. She has been a Certified Public Accountant for over 25 years helping clients to achieve both personal and corporate financial goals. She is currently a member of the New Jersey Society of Certified Accountants Peer Review Executive Committee and a member of the American Institute of Certified Public Accountant and the Mercer County Estate Planning Council. Ms. Giacin is an active board member of the Greater New Jersey Alzheimer Association. Ms. Giacin earned her Masters of Business Administration (MBA) from Rutgers University. Judith A. Giacin has served on the Board of Directors of The Bank of Princeton since 2007. (top)
Dick Gillespie is the recently retired Founder and President of Gillespie, Inc. Started in 1973 with no clients and little capital, the agency grew to become one of the 75 largest advertising agencies in the United States with annual billings in excess of $200 million. The agency was acquired by McCann-Erickson in 1998 and Dick served on both the North American and Worldwide Boards of the firm’s direct marketing division. Highly experienced in financial services marketing, Dick has worked with many major banks and financial services companies including Capital One, The Bank of New York, Household and MBNA to name a few. He was elected to the New Jersey Advertising Hall of Fame. He presently serves as Vice Chairman of MediGuide America and is a partner in Optura Marketing. (top)
Janet Lasley worked in the construction industry for over 25 years. She was the founder and President of Lasley Construction, Inc., established in 1985 and co-founder and Co-President of Lasley Brahaney Architecture and Construction, established in 1998. Her company has focused primarily on custom residential renovations and the construction of new homes. After a brief stint at college, Ms. Lasley left to become a political activist and carpenter’s apprentice. After years of field work as a carpenter, she moved into a variety of management positions in several local construction companies. Ms. Lasley was active on the Board of Directors of the Foundation at the University Medical Center at Princeton. She participated in and chaired several charity events, often devoted to raising awareness and money for cancer care and research. She also was involved in several non-profits such as HomeFront, the Elizabeth Glazer Pediatric AIDS Foundation, the Stony Brook Watershed, and the Rocky Hill Planning Board. (top)
Robert N. Ridolfi is the managing member of the law firm Robert N. Ridolfi, LLC, specializing in land use and real estate law. He has been a licensed attorney in the State of New Jersey since 1974 and a member of U.S. District Court, District of New Jersey. He is a graduate of Princeton University and the Denver University College of Law. Mr. Ridolfi is a member of the New Jersey Bar Association and the Mercer County Bar Association, where he was Chairman of the real estate sector for several years. He is currently on the Board of Trustees of the Princeton Symphony Orchestra and serves as the attorney for the Mercer County Planning Board. He is on the Board of Directors of the Capital Health System Foundation, Inc and acts as a Life Governor of the Board of Directors for the Princeton Charter Club. He has had significant experience in complex residential and commercial financing transactions. Throughout his career, Mr. Ridolfi has been active in numerous charitable and educational organizations in the Hopewell area. (top)
Stephen K. Shueh is a Managing Partner of Roundview Capital, a money management firm for high net worth families and institutions. Mr. Shueh received an A.B. with honors from Princeton University, and earned an M.B.A. from The Wharton School of the University of Pennsylvania where he was the recipient of the Dean's Award. He serves on the Board of Directors of the Joint Trustees of the Princeton YMCA-YWCA, chairs the Endowment Committee for the United Way of Greater Mercer County, is President of his graduating class at Princeton University, and serves as Treasurer of the Nassau Hockey League. Mr. Shueh has served on the Board of Directors for the Princeton YMCA, on the Executive Committee of Princeton University's Alumni Council, and as Special Gifts Chair for Princeton's Annual Giving campaign. In addition, he has served as Vice Chairman of the Board of Trustees for the United Way of Greater Mercer County, as an appointed member of the New Jersey Supreme Court Office of Attorney Ethics, District VII Fee Arbitration Committee, and as a member of the Mercer County Planning Board. (top)
Biographies - Officers
Edward Dietzler joined the Bank in September 2009 as Senior Vice President of Corporate Development. In 2011, Ed served as the bank’s Chief Operating Officer. He is a veteran banking executive of 25 years who most recently was the Managing Director at Bear Stearns Bank and Trust in Princeton, NJ. While at Bear Stearns he was responsible for all aspects of banking and mortgage operations. Previously, he spent 5 years with Yardville National Bank as First Senior Vice President of Capital Markets, where he oversaw all aspects of balance sheet and capital management. Prior to that, Mr. Dietzler was with GMAC Mortgage as the Director of Risk Management and was responsible for derivative trading and balance sheet management. Mr. Dietzler is a graduate of Widener University where he earned a Master’s degree in Business Administration. Throughout his career, Mr. Dietzler has been active in a number of community, charitable and educational organizations in the local area. (top)
Doug Conover joined the Bank in September 2009 as Executive Vice President and Chief Lending Officer. He is a 34 year veteran banking executive who most recently led the commercial lending department at a $250 million dollar community bank in Union County. Doug managed a team of lenders that successfully grew the loan department in excess of $160 million. Previously he directed lending teams at Sovereign Bank, NatWest Bank and First Washington State Bank. Mr. Conover is a graduate of The College of New Jersey with a BS in Economics. During his banking career he has served on various boards including the Mercer County Chamber of Commerce, March of Dimes and the Rock Brook School Foundation. (top)
Mr. Sanwald has over 25 years of progressive experience in accounting and finance, principally in the financial services industry. Before joining the Bank in April 2011, Mr. Sanwald provided consulting services to various clients in the financial services industry in his role as Managing Director at Mirror Lake Partners, LLC from 2009 through 2010. Prior to that, he was a Managing Director at The Bear Stearns Companies, Inc. and the SVP and Chief Financial Officer at Bear Stearns’ commercial bank, Bear Stearns Bank and Trust (aka Custodial Trust Services, Inc.), from 2006 through 2008 where he was responsible for all aspects of transitioning Bear Stearns’ mortgage banking operations from the affiliate’s fixed income business unit to the Bank as well as other new business initiatives. Mr. Sanwald also served as Vice President and Controller of GMAC Bank, the precursor to Ally Bank, from 2000 through 2006 where he was responsible for all financial operations. Mr. Sanwald also held a number of other peer positions during his nine years at GMAC Residential Holdings, Inc. and its affiliates. Prior to that, Mr. Sanwald spent four years as the senior financial officer for Canon Financial Services, Inc., the small-ticket leasing subsidiary of Canon U.S.A. Before that, Mr. Sanwald served as the Vice President and Controller of Hansen Savings Bank, FSB. Prior to that, Mr. Sanwald spent three years at a large public accounting firm in Philadelphia, PA. Mr. Sanwald holds an active Certified Public Accountant license in the Commonwealth of Pennsylvania and is a graduate of La Salle University in Philadelphia, Pennsylvania. (top)
Carol R. Coles joined The Bank of Princeton in December, 2011. She is a veteran banking and lending professional with more than 30 years of industry experience. Coles most recently held the position of Senior Vice President/Senior Private Banker for Wells Fargo Bank and Wells Fargo Advisors in suburban Philadelphia. Before that she was Executive Vice President and Managing Director of Commercial Lending and Private Banking for Harleysville National Bank (now known as First Niagara), also in suburban Philadelphia. She has held a number of other senior positions in the lending and credit area since 1979, including Senior Vice President and Business Banking Director of the former Summit Bank in Princeton. Coles holds a BBA in management and an MBA in finance, both from Temple University, and also studied at the Stonier School of Banking at the University of Delaware. (top)
Barbara A. Cromwell joined The Bank of Princeton in February 2007as Senior Vice President and currently serves as the Director of Market Development. She brings with her over 30 years of experience in the banking industry. Ms. Cromwell previously was a Senior Vice President for Yardville National Bank where since 1998 she successfully managed sales teams and developed new primary markets for the bank. Under Barbara’s leadership the Hunterdon Market grew to over 360 million in deposits in three years, with seven branch locations. Prior to Yardville, Barbara spent 8 years at Summit Bank as a Vice President in the Princeton Market. While at Summit, she served on the Board of The Borough Merchants for Princeton as Treasurer and participated as an active member in the Princeton Chamber of Commerce. More recently she has co-chaired the Hopewell Harvest Fair. Barbara currently is a board member of the Hopewell Valley Education Foundation, Corner House Foundation, and The Arc of Hunterdon County. She is an active member of the Pennington Business and Professional Association. She participates on several committees within the organization and has served on the Board as Treasurer. Throughout her banking career, Barbara remained active in the community and continues to support various business and charitable organizations in both Mercer and Hunterdon Counties. (top)
Kris Muse joined the Bank of Princeton in March 2007 as a Senior Vice President and Commercial Lending Officer. Kris has been a community Banker for more than 22 years primarily serving the Burlington, Camden and Mercer County areas. Prior to The Bank of Princeton, Kris worked for Commerce Bank N.A for 13 years and was responsible for small business relationships and most recently working with the Healthcare Group. Kris has taken her healthcare expertise and currently leads the healthcare initiative at The Bank of Princeton. Kris maintains a community presence as a member and Board Member of the Princeton Rotary and Board member of the YWCA Trenton. She also remains active in those events supporting the Healthcare industry. (top)
Stephanie Adkins joined The Bank of Princeton in February 2009 as Vice President, Commercial Lender as a veteran with thirty years of banking experience. Soon after, she moved into a market manager’s role as the Community Bank Executive of the Chambers Street branch. She is formerly of Peapack-Gladstone Bank, where she was also a Vice President, Commercial Lender. Ms. Adkins is a graduate of Douglass College at Rutgers University, where she earned a BA in Economics. She is actively involved in numerous community organizations, including Anderson House and Princeton Merchants Association. (top)
Karen joined the Bank in December 2007 as Assistant Vice President, Compliance Officer. A career banker with over twenty-four years of bank operations experience, Karen assumed Operations duties in December 2009 and continues to serve as Compliance Officer for the bank. She began her career in bank operations with United Jersey Bank in Hackensack and then spent 10 years with Nat West Bank in South Plainfield. She has also worked for Fleet Bank and Summit Bank, managing large deposit operations departments at both banks. Karen also spent 2 years as a Project Manager in the Operations department at First Morris Bank and Trust. (top)
Anna Maria Miller joined The Bank of Princeton in 2011. Anna Maria maintained positions in Human Resources for more than 20 years. She has held a number of key management roles in various industries, such as financial services, management consulting, higher education, and the entertainment industry. She specializes in organizational development, executive coaching, career transition and strategic planning. She has worked for leading companies such as, Right Management, Rutgers University, PNC Financial, Time Warner, United Jersey Bank and Booz Allen & Hamilton. She has an excellent track record of recruiting and retaining employees throughout her career. She holds an MA in Organization Development & Training and a BA in Psychology both from Montclair University and a Certification in Human Resources Management from Cornell University. (top)
Since 2009, Paul Y. Hyon has been President of MoreBank, the first Korean-American Bank started by local Korean business leaders. MoreBank merged with The Bank of Princeton in September 2010 and has experienced steady growth since that time. There are currently three branches under the MoreBank Division of The Bank of Princeton in suburban Philadelphia. Previously, Mr. Hyon was Managing Vice President at WSFS Bank in Wilmington and Vice President of United Asian Bank, a former division of WSFS. Mr. Hyon held positions in technical support, sales and marketing before getting into banking. Born in Korea, he was later educated at the University of Delaware, where he earned a BA in Mathematics and Computer Science. (top)
Andrew M. Chon
Gregg E. Chaplin
Peter M. Crowley
Kevin R. Kenyon
W. Andrew Krusen, Jr.
George L. Bustin
Peter J. Dawson
Michael Goodman, Esq.
J. Scott Needham
Dr. Chetan Shah
Beverly A. Poelstra
H. Edward Wilkin III