Business
Waterstone Financial Announces Planned Retirement of Douglas S. Gordon and Election of William F. Bruss As Next CEO
WAUWATOSA, Wis., July 25, 2023 (GLOBE NEWSWIRE) -- Waterstone Financial, Inc. (NASDAQ: WSBF), announced today that Douglas S. Gordon has notified Waterstone
About this update from Waterstone Financial, Inc.
[{"type":"text","content":"WAUWATOSA, Wis., July 25, 2023 (GLOBE NEWSWIRE) -- Waterstone Financial, Inc. (NASDAQ: WSBF), announced today that Douglas S. Gordon has notified Waterstone of his intention to retire as Chief Executive Officer (“CEO”) of Waterstone Financial, Inc. (the “Company”) and its wholly owned subsidiary, WaterStone Bank (the “Bank”), effective December 31, 2023. Gordon will continue to serve on the Board of Directors of the Company and the Bank. He will also continue his service on the Board of Directors of Waterstone Mortgage, a wholly owned subsidiary of the Bank. The Board of Directors of the Company and the Bank also announced the election of William F. Bruss, to serve as the next CEO of the Company and the Bank effective January 1, 2024. Bruss currently serves as the President of the Company and the Bank. “As I retire from my position as CEO of this esteemed financial institution, I am filled with a sense of gratitude and accomplishment,” said Gordon, CEO. “Over the years, we have grown and expanded our operations, while remaining committed to our values of integrity, customer service, and community involvement. It has been an honor to lead such a dedicated and talented team, and I am proud of all that we have achieved together. As I move on to my Board position, I am confident that with Bill [Bruss] and his team, Waterstone is in good hands; and will continue to thrive and serve the financial needs of our customers.” “On behalf of the Board of Directors and our Shareholders, I would like to thank Doug [Gordon] for his years of loyal service and leadership to this organization,” said Pat Lawton, Chairman of the Board. “During his tenure, Doug led us through a successful conversion to a publicly held institution, enabling the Bank to grow from $1.4 billion to over $2.2 billion in assets and grow a mortgage banking operation that has achieved in excess of $4 billion in annual mortgage originations. Most importantly, Doug has attracted and retained an outstanding group of leaders and staff that are dedicated to our mission.” “I am honored to have been given the opportunity to lead Waterstone,” said Bruss. “I appreciate the confidence that Doug and the Board have shown in me. I am excited to continue our legacy of banking and supporting the communities we serve and look forward to working with our talented and dedicated Waterstone fami...