Century Savings Bank has announced the hiring of David J. Hanrahan as president and Joseph F. Rehm as senior vice president of commercial lending. The position of president and chief executive officer, currently held by David J. Hemple, has been separated into two positions. Hemple will continue in his role as CEO, while Hanrahan will serve as president. These additions to the leadership team align with the strategic plan for the ongoing success and expansion of the commercial lending division of the bank.
“This new structure will put tremendous experience and expertise at the helm of our bank,” said Carl Kirstein, board chairman. “Both Dave Hemple and Dave Hanrahan are very successful CEOs, and their individual capabilities, skills and personalities are highly complementary of one another. Working together, they will be a powerful and successful team in unlocking the full potential of this unique franchise and establishing Century Savings Bank as the premier community bank in South Jersey.”
As president, Hanrahan will be responsible for directly overseeing the lending division of the bank as well as the development of new and expansion of existing loan products and services and exploration into new markets. As senior vice president of commercial lending, Rehm will focus on expanding Century’s commercial client base by offering flexible solutions tailored to meet the needs of area businesses.
“Dave and Joe are outstanding leaders who will contribute greatly to Century’s future success. These additions to the Century Savings Bank leadership team illustrate the importance we place on identifying and securing the greatest talent available to best serve our customers and communities,” said Hemple.
Hanrahan, a banking veteran with over 32 years of experience, was the founding president and CEO of Capital Bank of New Jersey, a de novo bank formed in 2007 in Vineland. Prior to becoming president and CEO of Capital Bank, Hanrahan spent 16 years at The Bank of Gloucester County, now part of Fulton Bank of New Jersey. Hanrahan is a past chairman of the American Bankers Association’s (ABA) Community and Economic Development Committee, a past member of ABA’s Foundation Board, and a past member of ABA’s Community Bankers Council. From 2016 to 2019, he served on the Board of Directors of Atlantic Community Bankers Bank in Camp Hill, PA and for more than 10 years, he has been a member of the Rutgers University–Camden School of Business Dean’s Leadership Council.
Hanrahan served for three years on the FDIC Advisory Committee on Community Banking, and presently serves on the FDIC Subcommittee on Supervision Modernization. From 2008 to 2015, he was a director and past board president of Cumberland County Habitat for Humanity. Hanrahan holds a bachelor’s degree in accounting from the Rutgers University– Camden School of Business. He is also a graduate of the ABA’s Stonier Graduate School of Banking and is a member of the Vineland Rotary Club and Tenth Presbyterian Church in Philadelphia.
With more than 20 years of banking experience, Rehm was a member of the initial management team for Capital Bank of New Jersey and was executive vice president / chief lending officer when the bank was sold in January of 2019. He is a graduate of the ABA Commercial Lending School and the ABA Stonier Graduate School of Banking where he earned his Wharton Leadership Certificate.
Rehm has served in several volunteer leadership roles, including past president of the Gloucester County YMCA, vice chair of the Executive Committee for the Gloucester County Chamber of Commerce, treasurer of the Tri County Community Action Partnership, the Vineland Chamber of Commerce Economic Growth Council and the ABA Community and Economic Development Committees. He was one of the founding members of the South Jersey Chapter of the Construction Financial Management Association.
Century Savings Bank began as a small mortgage association in downtown Bridgeton in 1865 and has since grown into a full-service community bank with six locations in the heart of South Jersey. Along with its headquarters in Vineland, the bank maintains branches in Upper Deerfield, Vineland (two offices), Elmer, Mullica Hill, and Gibbstown. To learn more about Century Savings Bank and Community Banking Plus, stop by one of our banking center locations, call 844-CSB4ME, or visit centurysb.com