(Islandia, NY- September 9, 2014) Gold Coast Bank is pleased to announce that newly promoted Executive Vice President/CFO Catherine Califano has been named a LIBN 2014 CFO of the Year awardee.
“Cathy is a terrific leader that has shown tremendous dedication to both Gold Coast Bank’s success and its reputation within the greater Long Island community,” stated Gold Coast Bank Chairman and CEO, John C. Tsunis. “She has been with us since 2011 and deserves this honor.”
“I truly enjoy working in a small bank because you have to be willing to wear many hats and not be myopic. I thrive on the challenge of learning something new every day and helping to build a business,” said Califano. “The job involves more than just finance – I get involved in all areas of the bank – operations, lending, compliance, IT, HR, etc. The job is not static, it is constantly evolving, and that’s what keeps it extremely interesting.”
Califano began her career in public accounting with KPMG, rising to the position of audit manager. She was offered her first position as CFO at the age of 29 with The Home Savings Bank in Brooklyn and stayed there until the bank was sold five years later. By that time, she had established herself as a CFO in the industry, leading to other opportunities. Now, Califano has over 20 years of banking experience in the Long Island market serving as CFO for both publicly and privately held financial institutions including Haven Bancorp/CFS Bank, Northeastern Engineers Federal Credit Union and, prior to Gold Coast Bank, First Central Savings Bank. She also served as Chairman of the Audit Committee of CheckSpring Bank, a community development bank in Bronx, NY.
Califano is a certified public accountant in New York State and received her BS in accounting and MBA in finance from St. John’s University. She is a member of the Banking Committee of the New York State Society of CPAs and is the chairperson of the CFO Peer Group Council of the Independent Bankers Association of New York State, Inc. She serves on the Molloy College Business Division Advisory Council. She also serves on the Business Advisory Council of the North Shore Child & Family Guidance Center in Roslyn, NY, where she resides.
About Gold Coast Bank
Headquartered in Islandia with additional individual branches located in Huntington, Setauket, Farmingdale and Mineola, Gold Coast Bank is a New York State chartered bank whose popularity and sterling reputation stems from the strong, long-term relationships cultivated among its large and diverse customer base. The bank’s deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The Bank is one of Long Island’s financially strongest de novo banks, and was ranked one of the 359 Safest Banks in America according to a list compiled by Investing Answers. Gold Coast Bank prides itself on providing businesses and individuals with quality lending and banking services. Fulfilling a unique niche within the Long Island commercial banking sector, Gold Coast Bank delivers specialty lending capabilities in a variety of areas that include real estate, equipment finance, and lines of credit for privately owned businesses. For more information about Gold Coast Bank, please visit www.gcbny.com.
Gold Coast Bank participated in the Port Jefferson Greek Festival over the weekend of August 21st -24th. The bank raffled off an iPad Mini, and the winner was DawnMarie of Port Jefferson, NY. DawnMarie gave her nephew Matty the iPad Mini. Matty is pictured with Gold Coast Bank President, Jim Johnis.
A successful chief financial officer has a range of responsibilities that extend beyond the traditional duties of accounting, financial reporting, budgeting and capital financing. In today’s challenging business environment, a top CFO must be the organization’s financial steward while contributing to operational and strategic planning in innovative ways – a leader as dedicated to their company’s success as they are to ensuring their company’s reputation in the community. The CFO of the Year program will recognize Long Island’s top financial officers for their outstanding fiscal leadership and asset management, contributions to their company’s performance, their contribution and commitment to their profession and organizations as well as their involvement in the community.
Join Long Island Business News and sponsors Baker Tilly Virchow Krause, Eisner Amper, Marcum, Wells Fargo, Cohn Reznick, Grassi & Co, and Sterling National Bank as we recognize and congratulate the 2014 CFO of the Year awardees in the following categories:
Catherine Califano ~ Gold Coast Bank
Mark Bogen ~ South Nassau Communities Hospital
Lawrence Boord ~ EPIC Long Island
Robert E. Caulfield ~ Jefferson’s Ferry Lifecare Retirement Community
Melvin Ness ~ Touro College
Private Company with revenue below $50mm
Anthony Columbo ~ Gilbert Displays
Stephen Finkel ~ FJC Security
Stephan Grillo ~ A+ Technology & Security
Michael Pischel ~ U.S. Nonwovens
Kathy Reiter ~ Gundermann & Gundermann Insurance
Paul Strohmenger ~ Nettle Bay Partners
Robert Zuclich ~ Plycon Van Lines
Private Company with revenue above $50mm
Michael Sabanos ~ HUB International
Public Company with revenue below $50mm
Brian Baker ~ Medical-Action Industries