U.S.B. Holding Co., Inc. Welcomes Thomas M. Buonaiuto, CPA as Chief Financial Officer
04 Janeiro 2006 - 8:05PM
PR Newswire (US)
ORANGEBURG, N.Y., Jan. 4 /PRNewswire-FirstCall/ -- Thomas E. Hales,
Chairman of the Board and CEO of U.S.B. Holding Co., Inc.
(NYSE:UBH) (the "Company") and it's wholly owned subsidiary Union
State Bank (the "Bank") is proud to announce that Thomas M.
Buonaiuto has been appointed Executive Vice President, Chief
Financial Officer. "Tom brings with him an extensive knowledge of
financial and regulatory reporting. His vast understanding of
technology and operational issues is a rare trait to find in a
qualified CFO," said Hales. "His experiences and successes in the
financial industry make him ideal for the CFO position. We look
forward to welcoming him to the Union State Bank family." Mr.
Buonaiuto is a graduate of Long Island University with a BS in
Public Accounting. He became a Certified Public Accountant in 1989.
He is also a graduate of the BAI School of Operations and
Technology. Mr. Buonaiuto worked for KPMG Peat Marwick as an Audit
Manager and Technology Coordinator; with responsibilities for
reviewing, development and advising in the preparation of annual
and interim financial statements as well as researching and
evaluating technical accounting and audit issues. In 1992 Mr.
Buonaiuto joined Long Island Commercial Bank ("LICB"), now New York
Commercial Bank, as Comptroller and Secretary. Over the past
fourteen years he was promoted to Senior Financial Officer and
ultimately the position of Chief Financial Officer (CFO) as well as
Vice President Secretary-Treasurer for Long Island Financial Corp.,
the holding company for LICB. As CFO, Mr. Buonaiuto established a
Real Estate Investment Trust and was responsible for managing
LICB's investment securities portfolio and asset liability
management as well as the development of cash management. Mr.
Buonaiuto was also responsible for managing the development and
implementation of all new electronic banking products, including
intranet and internet solutions. Additionally, he led the
technology team in developing systems to increase operating
efficiencies. Over his fourteen year career with the company, LICB
grew from $27 million to over $500 million in assets. He also
coordinated a $10 million public offering and filings necessary to
list the LICB on the NASDAQ national market. Mr. Buonaiuto
presently resides in Miller Place, NY with his wife and three
children. Union State Bank is a full service New York State
chartered, commercial bank with approximately $3.0 billion in
assets. The Bank was founded in 1969 in Rockland County where it is
headquartered and has the number one market share. In addition to
its branches in Westchester and Rockland Counties, it has one
location each in Stamford, CT, Manhattan and Goshen, NY. Union
State Bank is a subsidiary of U.S.B. Holding Co., Inc, whose common
stock is listed on the New York Stock Exchange, trading under the
symbol "UBH." Further information on Union State Bank can be found
by logging on to http://www.unionstate.com/ DATASOURCE: U.S.B.
Holding Co., Inc. CONTACT: Bridget Fenton or Lynne Allan, both of
Union State Bank, +1-845-365-4885, Web site:
http://www.unionstate.com/
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