BROOKLYN — Ridgewood Savings Bank, which has five branches in Brooklyn, reports it has promoted President and COO Peter M. Boger to chairman and CEO.
The bank’s board of trustees approved the promotion and said that Boger will continue to serve the bank as president. Boger, who joined Ridgewood in March 1999, succeeds William C. McGarry, who is retiring after having served as chairman and CEO since January 2004.
“It has been an honor and inspiration to have worked with Bill McGarry for many years,” said Boger. “His leadership and vision have been essential factors in Ridgewood Savings Bank’s notable growth and success.
“As we pass our 90th anniversary, I look forward to continuing our bank’s mutuality and unwavering mission as a ‘community first’ bank. We will always be guided by a steadfast commitment to personalized banking relationships and success through service.”
Boger noted that Ridgewood Savings Bank is the largest mutual savings bank in the state.