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Bank of Castile CEO to retire; replacement named

Rochester Business Journal
July 31, 2014

James Fulmer, president and CEO of the Bank of Castile for 26 years, will retire at the end of 2014, officials announced this week.

He will remain chairman with senior vice president John McKenna becoming president and CEO.

In addition to chairing the bank’s board, Fulmer will continue as a vice chairman for Ithaca-based holding company Tompkins Financial Corp.; as chairman for Batavia-based Tompkins Insurance Agencies Inc.; and as a director for subsidiaries Tompkins Financial Advisors, Mahopac Bank and Tompkins VIST Bank.

“My continued involvement at a strategic level will allow me to assist further growth of our affiliates, but also to enjoy some of the benefits of retirement,” Fulmer said in a statement released Wednesday.

Fulmer joined the company in 1988 as it prepared to open a Bank of Castile branch in Avon, Livingston County.

The bank expanded into Monroe County in 1999 with a branch in Chili. It added a branch in Greece in 2006, in Churchville in 2013 and on Monroe Avenue in Pittsford two months ago.

The Bank of Castile ranks ninth in the Rochester market with local deposits of $603 million, data from the Federal Deposit Insurance Corp. shows.

“Jim has been instrumental in Tompkins Bank of Castile’s growth and success for the last quarter century, growing the bank from five locations with assets of $85 million in two counties to an influential financial services organization with 17 offices in five counties and $1.2 billion in assets,” said Stephen Romaine, president and CEO of Tompkins Financial.

Fulmer lives in LeRoy, Genesee County.

“My position with Tompkins Bank of Castile has been extremely fulfilling because of the team of employees who are dedicated to providing top-quality financial services and serving our Western New York communities,” Fulmer said.

“Any success we have accomplished is the result of their combined efforts and the expertise of so many talented co-workers,” he said.

McKenna, a Rochester native and Brighton resident, joined Tompkins in April 2009 as senior vice president of commercial lending. He graduated from the University of Rochester in 1988 with a degree in economics and earned an MBA in finance and marketing from UR’s Simon Business School in 1992.

McKenna was a managing director at JPMorgan Chase & Co. and at J.P. Morgan Securities LLC from 1992 until coming to Tompkins in 2009.

Tompkins last Friday reported a 19 percent increase in net income for the second quarter.

The company earned $13.1 million, or 87 cents a diluted share, up from $11.0 million, or 75 cents a diluted share, in the second quarter of 2013.

Earnings matched Wall Street estimates of 87 cents a share.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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