ABA Banking Journal - September/October 2017 - 47
PROFILE > GEORGE HERMANN
Meet ABA Treasurer George
Hermann, an optimistic ambassador
for mutual community banks.
BY EVAN SPARKS
eorge Hermann is an optimist. In a time of
industry consolidation, he sees a chance to work
with talented bankers. In a state that faces some
economic headwinds, he continues to find business
opportunities. And in a time of technological
transformation, he sees the benefits to his bank and his
customers of adopting new technology.
GEORGE HERMANN WITH HIS WIFE, JANINE.
"This is a great life-being able to go to work, help people
every single day and know that the organization you work for
makes a difference," he says.
Hermann is president and CEO of Windsor Federal Savings,
a $455 million mutual thrift in Windsor, Conn. A native of the
Nutmeg State, Hermann began his career with GE's credit
corporation before moving to a bank service company, and
then entered community banking in 1986. Before joining
Windsor Federal in 2012, he was president and CEO of the
First National Bank of Suffield, also in northern Connecticut.
Not many bankers are as well-qualified as Hermann to
understand his local market. Sandwiched between Hartford,
Conn., and Springfield, Mass., Windsor Federal has a
diverse market area that includes the defense industry,
insurance and farming. The bank was founded in 1936
as a community mortgage lender, but the company today
has a more diverse portfolio, including serving several
small fabricators and machine shops serving Connecticut's
defense aerospace sector, as well as local tobacco growers.
Young and old
WINDSOR FEDERAL EMPLOYEES COLLECT MATERIAL
FOR SHREDDING AND FOOD FOR SHARING.
Windsor Federal has two branches located in minority-majority
high schools that are staffed by students. "We established
them initially with the hope that we could increase financial
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