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History

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 thirteen branches total in two states. Today, The Bank of Princeton team has grown from its beginnings with a team of 12 to over 125 employees led by Chairman Richard Gillespie.

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 eleven branches in New Jersey, including three in Princeton and others in Hamilton, Pennington, Montgomery, Monroe Township, Lambertville, New Brunswick, Lawrenceville, Cream Ridge and three branches in the Philadelphia area. The Bank of Princeton is a member of the FDIC, an Equal Opportunity Employer, and an Equal Opportunity Lender.

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Biographies – Directors

Richard Gillespie, Chairman

Rich 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 Mr. Gillespie served on both the North American and Worldwide Boards of the firm’s direct marketing division. Highly experienced in financial services marketing, Mr. Gillespie 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. Mr. Gillespie has served on the Board of Directors of The Bank of Princeton since 2007 and currently serves as Chairman of the Bank. (top)


Stephen Distler, Vice Chairman

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 E. Wishnick, Vice Chairman

Ross E. 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

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)


Janet Lasley, In Memoriam

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, Esq.

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

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 J. Dietzler, President, Chief Executive Officer

Edward Dietzler joined the Bank in September 2009 as Senior Vice President of Corporate Development. In 2011, Mr. Dietzler served as the bank’s Chief Operating Officer before accepting the position of President of The Bank of Princeton in 2012. 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. 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. Mr. Dietzler now sits on the Philadelphia Federal Reserve Advisory Committee and is also on the Board of Directors of the New Jersey Bankers Association. Throughout his career, Mr. Dietzler has been active in a number of community, charitable and educational organizations in the local area. (top)


Christopher Tonkovich, Executive Vice President, Chief Credit Officer

Mr. Tonkovich joined the Bank in 2012 as Senior Vice President and Credit and Workout Director. He became Executive Vice President and Chief Credit Officer on February 25, 2019. He has over 30 plus years experience in the banking industry which included managing teams of commercial lenders, workout staff, and leasing divisions and serving as liaison to internal and external audit groups. His prior experience includes Summit Bank, where he was formally credit trained and went on to lead a commercial lending group. He also spent 17 years at Santander Bank where he managed the workout, leasing and aviation groups. He received degrees in finance and economics from Mount Saint Mary’s University in 1986. He is a current member of Robert Morris Association and Turnaround Management Association. (top)


Daniel J. O'Donnell, Executive Vice President, Chief Risk Officer & General Counsel

Mr. O’Donnell has over 18 years of experience in the financial services industry. Before joining The Bank of Princeton in February 2014, Mr. O’Donnell managed the Compliance Department at Cenlar FSB from September 2012 to January 2014 in his role as Assistant General Counsel. Prior to that, Mr. O’Donnell served from July 2009 to August 2012 as Chief Legal and Compliance Officer at First Bank, a community bank located in Hamilton Township, NJ. Prior to that, Mr. O’Donnell served from January 2001 to June 2008 as the Chief Legal Officer and Secretary of Yardville National Bank, a community bank located in Hamilton Township, NJ, where he oversaw the Legal, Compliance and Risk Departments of that bank. Mr. O’Donnell is actively involved in a number of community and charitable organizations in Mercer County, NJ, and serves on the boards of the 200 Club of Mercer County, Notre Dame High School, and the Friendly Sons & Daughters of St. Patrick of Mercer County. Mr. O’Donnell received a Bachelor’s of Business Administration in Accounting degree from the University of Notre Dame and a Juris Doctorate degree from St. John’s University School of Law. (top)


George S. Rapp, Executive Vice President, Chief Financial Officer

From February 2013 to May 2016, Mr. Rapp served as Vice President and Chief Financial Officer of Shore Bancshares, Inc. in Easton, Maryland, a bank holding company and a reporting company under the Securities Exchange Act of 1934. From 2010 to 2012, Mr. Rapp served as the Chief Financial Officer and one of the four -21- executive founders of World Currency USA in Marlton, New Jersey, a provider of foreign currency exchange services to financial institutions, where he was responsible for the financial operations, including raising capital to fund the start-up operation. Between 2005 and 2010, he served as the Chief Financial Officer of Harleysville National Corporation, a regional banking corporation in Harleysville, Pennsylvania, where he managed all financial functions including controller, treasury and shareholder relations. Between 1980 and 2005, Mr. Rapp held a variety of roles with various financial institutions, including as Chief Financial Officer, Senior Vice President & Chief Accounting Officer, Chief Operations Officer and Controller. (top)


Stephanie M. Adkins, Senior Vice President, Chief Lending Officer

Stephanie M. Adkins joined The Bank of Princeton in February 2009 as Vice President, Commercial Lender as a veteran with 30 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)


Barbara A. Cromwell, Senior Vice President, Director of Market Development

Barbara A. Cromwell joined The Bank of Princeton in February 2007 as 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 Ms. Cromwell’s leadership the Hunterdon Market grew to over 360 million in deposits in three years, with seven branch locations. Prior to Yardville, Ms. Cromwell 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. Ms. Cromwell 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, Ms. Cromwell remained active in the community and continues to support various business and charitable organizations in both Mercer and Hunterdon Counties. (top)


Kris Muse, Senior Vice President, Healthcare Lender

Kris Muse joined the Bank of Princeton in March 2007 as a Senior Vice President and Commercial Lending Officer. Ms. Muse 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, Ms. Muse worked for Commerce Bank N.A. for 13 years and was responsible for small business relationships and most recently working with the Healthcare Group. Ms. Muse has taken her healthcare expertise and currently leads the healthcare initiative at The Bank of Princeton. Ms. Muse 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)


Karen D. Pfeifer, Senior Vice President, Director of Operations & Compliance

Karen D. Pfeifer joined the Bank in December 2007 as Assistant Vice President, Compliance Officer. A career banker with over twenty-four years of bank operations experience, Ms. Pfeifer 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. Ms. Pfeifer also spent 2 years as a Project Manager in the Operations department at First Morris Bank and Trust. (top)


Anna Maria Miller, MA, Senior Vice President, Director of Human Resources

Anna Maria Miller joined The Bank of Princeton in 2011. Ms. Miller 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)


Initial Incorporators:

Andrew M. Chon
Gregg E. Chaplin
Peter M. Crowley
Stephen Distler
Richard Gillespie
Bumsung Han
John Horvath
Kevin R. Kenyon
W. Andrew Krusen, Jr.
Janet Lasley
Emmett Lescroart
Dennis Machulsky
Casey K. Min
J. Scott Needham
Henry S. Opatut
Robert N. Ridolfi, Esq.
James M. Riley
Jeffrey H. Sands
Eric L. Steinfeldt
Ross E. Wishnick

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Advisory Board Princeton:

George L. Bustin
Barbara Cuneo
Peter J. Dawson
Robert Dunn
Paul Gerard
Michael Goodman, Esq.
Yongkeun Joh
Martin Kahn
Emmett Lescroart
Lance Liverman
Jerry MacLean
J. Scott Needham
Nelson Obus
Joseph Ridolfi
Chetan Shah, MD
Scott Sipprelle

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Advisory Board New Brunswick:

Sam Boraie
Thea Berkhout
James Decker
Glynn Dwyer
Jonathan Glick
Ninfa Mueller
Ros Neal
Beverly A. Poelstra
Mark Sherman
Pam Stefanek
H. Edward Wilkin, III

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