Cornerstone Bank announces the upcoming retirement of Senior Vice President, Chief Risk Officer Michael Roy.
“Mike has been an integral part of ensuring our systems are iron-clad and always in compliance with regulations that are constantly changing to keep up with evolving technology,” said Todd Tallman, CEO of Cornerstone Bank. “We are grateful for his thorough work and unwavering commitment to excellence.”
Roy’s career spans 48 years in retail banking, operations and compliance, three of which were spent at Cornerstone. Roy said it’s been rewarding to help the Bank meet the demands of a more tech-savvy customer base.
“Opening an account used to take about 25 minutes. Now it takes three minutes,” he said. “Cornerstone has done a great job of making sure we move along with what modern customers expect.”
In his current role, Roy oversees the Bank’s governance and strategy for risk management and compliance and protects the investments of stakeholders.
“I’m proud of my time at Cornerstone. I don’t think there are too many banks out there that enjoy the reputation we’ve built, and it’s only going to get better,” he said.
The Whitinsville native has a bachelor’s degree from Bryant University in Rhode Island and an MBA from Anna Maria College in Paxton. He is looking forward to spending some well-deserved time off, relaxing and traveling with family.
“I’m going to miss the team I work with, a lot of great mentors and friends,” said Roy. “But I’ve been working at this goal for a long time. Now that it’s finally here, I’m really looking forward to it.”
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