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Essex Savings Bank Executive Receives “New Leaders in Banking” Award

Submitted by Essex Savings Bank

(February 16, 2023) — Diane H. Arnold, President & CEO of Essex Savings Bank, is pleased to announce that Hilary Mondelci, Assistant Vice President, Loan Administration Manager and Assistant Corporate Secretary, was selected as one of the 2023 New Leaders in Banking Award Recipients. This honor was presented to 14 individuals out of dozens of nominees from banks across Connecticut by the Connecticut Bankers Association at an awards ceremony that occurred in January 2023. To qualify, the recipient needed to be an outstanding employee, manager, or business leader and make a notable impact within their financial institution and community.

“During the first two years of the COVID pandemic, Hilary implemented and managed all operational aspects of the Federal Government’s PPP program as well as the forbearance program for customers during their time of need. This was coupled with record residential loan volume and a newly created hybrid or remote work model. She handled a tremendous workload while keeping employee morale positive during these uncertain and stressful times,” stated Diane Arnold, President and CEO.

Ms. Mondelci is a graduate of the Connecticut School of Finance and Management and received her undergraduate degree in Business Administration at Post University. She joined Essex Savings Bank as a Teller in June 2011. Since that time, she has worked her way through the entire loan administration department, from loan servicing, to commercial administration, to ultimately managing the entire department which is comprised of ten employees. Ms. Mondelci resides with her family in Chester.

Essex Savings Bank is an FDIC-insured, state chartered, mutual savings bank established in 1851. The Bank serves the Connecticut River Valley and shoreline with six offices in Essex, Chester, Madison, Old Lyme and Old Saybrook, providing a full complement of personal and business banking. Financial, estate, insurance and retirement planning are offered throughout the state by the Bank’s Trust Division, Essex Trust, and wholly-owned subsidiary, Essex Financial Services, Inc., a Registered Investment Advisor.

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