FORT LAUDERDALE, Fla., June 2, 2022 – Locality Bank, a digital-first community bank which launched on January 12, 2022, is pleased to announce it has brought on David Eiler as Chief Banking Officer, Leopoldo “Leo” Tepedino, as Senior Vice President and Director of Treasury Management, Michael Welsh as Vice President and Commercial Banker, and Brandon DeHerrera as an Associate Credit Analyst.
With more than 30 years in the banking industry, David Eiler as Chief Banking Officer, will be responsible for guiding the growth of the bank through acquiring and onboarding new business clients. He will also be involved in overseeing loan administration and working with the rest of the management team on maintaining excellent credit quality.
As the Senior Vice President and Director of Treasury Management, Leopoldo “Leo” Tepedino will dedicate his time to develop a strategy to implement Treasury Management capabilities for Locality Bank based on client needs and advancements in technology. Tepedino has spent 10years in banking and treasury management.
Michael Welsh was brought on as Vice President and Commercial Banker. He will help local companies grow their businesses through providing financing and cash management solutions. Welsh has 25 years in banking with a significant focus on commercial loans which include Commercial Real Estate (owner occupied and investor), SBA loans, business acquisition, equipment loans, and business lines of credit.
As an Associate Credit Analyst, Brandon DeHerrera will work within the credit department to gather information on new requests and annual reviews. He will also create spreadsheets and cash flow/financial analysis. Brandon is a recent honors graduate from FSU and has a BS in Finance.
“As part of our launch plan in year one, Locality Bank currently has 17 members on its team and we are excited to grow with these talented individuals”, said Keith Costello, CEO and Co-Founder of Locality Bank. “With the response from our local businesses and community for a digital first community bank, we are rapidly expanding, and currently seeking to hire additional entrepreneurial minded bankers.”
Locality Bank operates on a secure cloud-native core banking system with an open API architecture. This modernized system allows fast iteration and new technological additions to provide a robust and engaging customer experience.
In November 2021, Locality Bank received final approval for a state charter and FDIC secure deposit insurance. The bank most recently completed its successful capital raise netting a total of $35 million after increasing the maximum amount from $23 million in subscriptions for stock. The digital-first community bank is operating out of General Provision’s Downtown Fort Lauderdale location (300 SW 1st Ave, Suite 155, Fort Lauderdale) until renovations of its main office (1400 South Andrews Avenue, Fort Lauderdale) are complete in fall 2022.
To stay up to date on Locality Bank and open positions visit https://www.localitybank.com.
About Locality Bank
Locality Bank is a digital-first community bank based in Fort Lauderdale, Florida. The bank serves local businesses by offering the traditional services of a community bank as well as user-friendly, cutting-edge technology. To learn more, contact Locality Bank by calling 954-799-0900, visiting https://www.localitybank.com or via email at firstname.lastname@example.org. You can also follow Locality Bank on Facebook, Twitter, LinkedIn and Instagram.