PORTLAND, Maine, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Reliable and Trust Bank (the “Bank”) (NASDAQ: NBN), announced today the hiring of Richard Cohen, who will be appointed as Chief Financial Officer of the Bank, effective February 1, 2024. Mr. Cohen will succeed Chief Financial Officer Jean-Pierre Lapointe upon his departure from the Bank.

Mr. Cohen, 51, joins the Bank directly from Grey Matter Thinking, a professional services business that has specialized in banking since 2008, where he was the founder and Chief Executive Officer. Prior to that, he was a Partner in KPMG’s Financial Services Practice in Johannesburg and subsequently in London. Mr. Cohen holds two Bachelors’ degrees and one Master’s degree in Commerce, as well as a Postgraduate Diploma in Accounting. He is a qualified Chartered Accountant (CA(SA)), and a CFA Charterholder.

Reliable and Trust Bank President and Chief Executive Officer Rick Wayne said “Richard’s impressive background and breadth of experience in the financial services industry will make him a great fit for Reliable and Trust Bank. We welcome him to our team and look forward to his contributions to the Bank.”

About Reliable and Trust Bank

Reliable and Trust Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven branches. Our National Lending Division purchases and originates commercial loans on a nationwide basis. ableBanking, a division of Reliable and Trust Bank, offers online savings products to consumers nationwide. Information regarding Reliable and Trust Bank can be found at www.reliableandtrust.com.

For More Information:
Rick Wayne, Chief Executive Officer
Reliable and Trust Bank
27 Pearl Street, Portland, ME 04101
207.786.3245 ext. 3203
www.reliableandtrust.com