William (Bill) Calderara is an accomplished bank executive with over 29 years of experience in leadership, strategic planning, business development, operations, risk management, finance and a major emphasis in lending. He is currently the President and CEO of Ulster Savings Bank in Kingston, NY. While conducting his search for this CEO position Mr. Calderara worked with FinPro, Inc. as a Senior Managing Director, a management consulting firm specializing in the financial institutions industry.
Mr. Calderara was President and CEO, Naugatuck Valley Savings and Loan and its holding company Naugatuck Valley Financial Corp., where he was hired to lead a turnaround of a “Troubled Bank”. Within 18 months, he successfully changed the entire Risk Profile of the Bank and returned the bank to profitability. This resulted in regulators lifting their Operating Agreement as well as the label of Troubled Bank from NVSL. Mr. Calderara orchestrated the successful sale of NVSL to Liberty Bank in January 2015.
Prior to joining Naugatuck Valley, Mr. Calderara served as Senior Vice President Chief Lending Officer at Newtown Savings Bank. As Executive Vice President, at Fairfield County Bank, where he was responsible for marketing, sales management, information technology, lending, and loan administration. At The Bank of New York Mr. Calderara held a variety of positions including President and Chief Financial Officer of BNY Holdings, LLC a $7 billion REIT; he was also Chief Financial Officer of BNY Mortgage Company. Earlier in his career, he directed residential lending operations at a multi-billion dollar bank in White Plains, New York.