February 28, 2012 – Portsmouth, NH Jay Gibson, President/CEO of Piscataqua Savings Bank, is preparing for retirement. Gibson will officially step down in May to be succeeded by current Executive VP/Senior Loan Officer Rick Wallis. Gibson has served in numerous capacities at the Bank since he graduated from UNH in 1972, serving as President/CEO for the past 12 of his 40-year tenure. Wallis has been with the Bank for 30 years, also since graduating from UNH. This succession celebrates a long-standing tradition of promoting from within.
Several other longtime employees are moving into new positions, as well. Joan Gile will succeed Wallis as the Bank’s second in command. Senior Vice President Gile brings 25 years of experience and dedication to her role at the Bank. Vice President Debbie Perry will take on the role of Senior Loan Officer and assume all responsibilities of managing the Bank’s Mortgage Department. Perry has also been with the Bank for 25 years.
This year marks the 135th Anniversary of Piscataqua Savings Bank and it’s place as a cornerstone in the Portsmouth Community. When asked to comment on his departure, Jay Gibson said, “I look forward to remaining actively involved as a member of the Bank’s Board of Trustees and enjoying more time with my family. This is an institution that has served me well both professionally and personally. It’s been my privilege and an honor to lead a company where mutual respect is embedded in the culture.”
The only mutual bank based in Portsmouth today, Piscataqua Savings is dedicated to serving local individuals and families and has been a cornerstone of the Portsmouth community since 1877. Information is available at www.piscataqua.com.