Anthony J. Monteverdi of Flatbush Federal Bancorp, Inc. Announces Retirement, Board of Directors Names Jesus R. Adia as Successo
23 Novembro 2005 - 5:53PM
PR Newswire (US)
BROOKLYN, N.Y., Nov. 23 /PRNewswire-FirstCall/ -- Flatbush Federal
Bancorp, Inc. (OTC:FLTB) (BULLETIN BOARD: FLTB) (the "Company")
announced that Anthony J. Monteverdi intends to retire as President
and Chief Executive Officer of the Company and its wholly owned
subsidiary, Flatbush Federal Savings and Loan Association ("the
Association"), effective close of business January 31, 2006. Mr.
Monteverdi will continue to serve as Chairman of both the Company's
and Association's Board of Directors after his withdrawal from more
active duties. Commenting on his retirement, Mr. Monteverdi said,
"Flatbush Federal has made significant progress towards its
transformation from a mutual organization, into a stronger
capitalized, public institution. After spending some 45 years in
the financial sector, I have chosen to make this change in my
lifestyle at a time when our Company is strong, and enjoying
significant momentum towards revitalizing our operations. I take
tremendous satisfaction in having led the Association through many
lean years, and reshaping it into the respected position it now
enjoys within the local thrift industry." He concluded, "While I
will miss the daily activities of interacting with our wonderful
staff and clients, I will continue to remain involved with the
communities that we serve." Mr. Jesus R. Adia was named to succeed
Anthony J. Monteverdi as President and Chief Executive Officer,
effective upon Mr. Monteverdi's retirement on January 31, 2006. Mr.
Adia, age 52, first joined the Association as Assistant Controller
in February 1986, and has served as Executive Vice President of the
Association since 1993. In 1999, Mr. Adia was elected a Director of
the Association. His banking career started in 1970 working as a
teller at the Seamen's Bank for Savings in New York City while
attending evening classes at Manhattan College. He graduated in
1975 with a Bachelor's degree in Management and Accounting, and he
held management positions in Operations, Audit and Accounting with
the Seamen's Bank for Savings, Crossland Savings Bank and First
Federal in New York City. Mr. Monteverdi commented, "I have full
confidence in Mr. Adia's ability to move the Company into still
higher levels of success." DATASOURCE: Flatbush Federal Bancorp,
Inc. CONTACT: Anthony J. Monteverdi, President and Chief Executive
Officer, Flatbush Federal Bancorp, Inc., +1-718-677-4414 Web site:
http://www.flatbush.com/
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