Change of leadership at Union Savings Bank

Danbury-headquartered Union Savings Bank announced President Chelen Reyes will take on the role of CEO. He succeeds Cynthia C. Merkle, who will retire later this month.

Reyes joined Union Savings Bank as president in February after more than two decades of experience in retail banking, lending, wealth management and marketing. He was previously senior vice president of retail delivery and marketing at Hudson Valley Credit Union and chief marketing officer at Suffolk Federal Credit Union.

Merkle joined Union Savings Bank in 2013 as executive vice president and chief operating officer and was promoted to president and chief operating officer in 2014. In 2015, she became the first woman in the bank”™s history to be president and CEO.

“It has been an honor to work with the amazing people throughout the Union Savings Bank family,” said Merkle. “The journey has been rewarding, and I”™m grateful for the faith that has been placed in me, appreciative of the support from the Board and our team members, and proud of the accomplishments that we”™ve achieved together. I”™m particularly thankful to our loyal customers and our community partners, who I”™ve had the pleasure to serve and work with over the last ten years.”

“Through Cindy”™s leadership, Union Savings Bank has strengthened immensely, while remaining responsive to the changing needs of our customers,” said Reyes. “She has served USB well and established a clear vision for the bank; I”™m excited about the opportunity to continue to move this great organization forward.”