By Bob Bong
Hoyne Savings Bank on Tuesday announced the promotion of Walter Healy to president of the longtime community bank that has served Chicagoland communities since 1887.
Healy joined Hoyne in 2022 as executive vice president – commercial lending to launch a commercial division for the bank.
Healy will succeed current president and CEO Steven F. Rosenbaum, who has led the organization since 2017.
Rosenbaum has been instrumental in managing the organization through multiple mergers and focusing on bank operations. He will continue to serve as CEO of Hoyne Savings Bank and CEO and president of the bank’s holding companies, Hoyne Financial Corporation and Hoyne Savings MHC.
Prior to joining Hoyne Savings Bank, Healy served as president and CEO of Community Bank of Oak Park River Forest, a position he held for more than 15 years.
“We know that banking has changed in the past two years with rising interest rates and inflationary concerns impacting individuals and businesses. I look forward to working with our team to offer a personalized, high touch experience with localized decision making to our clients because that is the essence of a community bank. Businesses and individuals need to know that Hoyne Savings Bank is where they should be banking,” said Healy.
“Since joining Hoyne, Walter’s impact on the organization, product offering, and organizational mindset have been transformational. We are looking forward to Walter’s commitment to our customers, evolving our banking services to meet our customers’ changing needs, and leveraging the success of the commercial growth across the entire organization,” said Timothy S. Breems Sr., board chairman.
Hoyne Savings Bank has assets of over $460 million and is one of Chicagoland’s oldest and safest savings institutions.
Locally, there are Hoyne Savings Bank branches in Oak Lawn and Worth.