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FOR IMMEDIATE RELEASE
Rheo Brouillard Elected Chairman of Bankers' Bank Northeast
February 26, 2013
Experienced Banker Chosen To Lead Board In Wake Of Founding Chairman's Death
Glastonbury, Conn.: The Board of Directors of Bankers' Bank Northeast has elected Rheo A. Brouillard as chairman of the correspondent banking institution.
Brouillard has been a long-time board member of Bankers' Bank Northeast, including serving on its Marketing and Personnel committees.
"I'm thrilled with the Board's choice," said Peter J. Sposito, President and CEO of Bankers' Bank Northeast. "Rheo epitomizes the best of what being a community banker is all about. He's a leader in the towns that his institution serves, and he's a leader in the banking community. It's only appropriate that he now be the one to lead our board."
Brouillard is Director, President and CEO of SI Financial Group Inc., the holding company for the Windham-based Savings Institute Bank & Trust. His chairmanship of Bankers' Bank Northeast will be in addition to those duties.
Rheo Brouillard began his banking career in 1976 with Mass.-based BayBanks Corp. He joined Connecticut Online Computer Center (COCC), a regional bank service bureau, in 1983 and served as Vice President, Customer Service until returning to banking in 1989. He was named President of Danielson Federal Savings & Loan Association that year. He joined the Savings Institute in August, 1995, serving as Director, President and CEO. He led the bank through its conversion from a mutual holding company to a stock institution.
He lives in Hampton, Conn., with wife, Faith, and 16-year-old granddaughter, Jasmine. He has three children ages 31 to 35 and five grandchildren.
Brouillard graduated Magna Cum Laude from Western New England University in Springfield, Mass., with a BS in Management in 1976. He earned his MBA (with Honors) from American International College in 1978.
Among his many community and professional affiliations, he is a past chairman of the Conn. Bankers Association and currently serves as chairman of the CBA's Government Relations Committee. He is also Vice-Chairman of the American Bankers Association Community Bank Council and a member of the ABA Government Relations Council. He is President and Director of the Northeastern Conn. Community Development Corp. and its' affiliate, Rural Homes, LTD. He is Vice Chairman of the Windham Memorial Community Hospital and chairs the Town of Hampton's Finance Board. He is also a former President of the Northeastern Conn. Chamber of Commerce.
"Bankers' Bank Northeast is a vital provider of support for community banks and credit unions from New Jersey through Maine," Brouillard said. "Ralph Shulansky was a wonderful Chairman, and a great role model. I'm honored to follow him, grateful for the confidence of our Board, and looking forward to being part of Bankers' Bank's bright future."