Ridgewood Savings Bank Promotes Peter Boger to Chairman and CEO
William McGarry to Retire
Ridgewood Savings Bank announced that Peter M. Boger will be its new chairman and CEO. He will continue to serve as the bank’s president.
Boger, who joined Ridgewood Savings Bank in 1999, succeeds William C. McGarry as chairman and chief executive officer. McGarry is retiring after serving as chairman and CEO of Ridgewood Savings Bank since 2004.
“It has been an honor and inspiration to have worked with Bill McGarry for many years. His leadership and vision have been essential factors in Ridgewood Savings Bank’s notable growth and success,” said Boger. “As we pass our 90th anniversary, I look forward to continuing our bank’s mutuality and unwavering mission as a ‘community-first’ bank. We will always be guided by a steadfast commitment to personalized banking relationships and success through service.” Ridgewood Savings Bank is the largest mutual savings bank in New York state, with $4.8 billion in assets.
William C. McGarry said, “It is highly gratifying to have Peter Boger succeed me as chairman and CEO of the bank. I have great confidence in his ability to carry on the legacy of Ridgewood Savings Bank. He has always embodied our dedication to the neighborhoods we serve.”