02/01/2022: Community Savings Appoints Three Banking Veterans to Serve on its Mission-Focused Executive Team
John S. Gulas, John Betts, and John Lane appointed to the executive team of Community Savings.
CALDWELL, OH, February 1, 2022 – Community Savings announces a legacy of banking professionals to head its mission-based community bank as it expands nationwide.
In 2021, Double Bottomline purchased Community Savings Bancorp, Inc. and its wholly-owned subsidiary, Community Savings, with the strategic goal of extending the bank’s reach nationwide in an effort to serve low to moderate income census tracks and expand products and services to underserved and under-banked communities. To do so, Community Savings has expanded the executive team to include notable names from the banking industry.
Evan M. Stone, President and Chief Executive Officer of Double Bottomline said, “Our directive has been clear: honor the history of Community Savings while expanding the impact and outreach. With these executives and the full board sharing that vision, we believe Community Savings can positively impact the local community and underserved markets.”
Mr. Gulas was a former director of a CDFI-certified bank. Most recently, he was President and CEO of Los Alamos National Bank, a $1.3B bank in New Mexico. While at Los Alamos, he implemented new liquidity and capital plans, raised $62 million in capital, paid off TARP, and brought the TruPS current. He stabilized the bank and reduced NPAs to resolve its consent order. Prior to that, he was President and CEO of Farmers National Bank, a $1.1B bank in Ohio, and President of Sky Trust, a bank-owned trust company with $6B in AUM. Mr. Gulas’s early career was spent in progressive greater leadership roles at Key Bank and First Union/Wachovia.
Mr. Betts has 26 years of experience in financial services split between public accounting and banking. Most recently, he was the Chief Risk Officer of Civista Bank. Prior to that, he was the President and CEO at First National Bank of Grant Park, a community bank in Illinois, from 2009 to 2012 and was the Chief Financial Officer from 2007 to 2009. In addition to other banking roles, Mr. Betts has extensive experience in bank finance, acquisitions, debt and equity offerings, and risk management.
Mr. Lane has 16 years of experience in banking. Most recently, he was EVP, Chief Credit and Risk Officer for The Middlefield Banking Company. Prior to that, he was Senior Vice President/Credit Risk for Civista Bank and Vice President, Relationship Manager and Commercial Loan Workout Officer for The Huntington National Bank. He has extensive experience in credit administration, risk management, problem loan resolution, project management, and bank acquisitions.
About Double Bottomline Corp. and Community Savings
Since its founding in 1885, Community Savings has operated continuously in Caldwell, Ohio. Double Bottomline Corp is the top-tier holding company of Community Savings. Community Savings conducts its business from its full-service office in Caldwell, Ohio, which is located in Noble County in southeastern Ohio. The bank’s reach is expanding through its “Community Savings for All” motto. Community Savings continues to increase access to financing for prime-quality yet underbanked populations nationwide.
SOURCE Community Savings Bancorp