Drew LaBenne, senior executive vice president and CFO of Amalgamated Financial, informed the board of directors of the company that he will depart Amalgamated to pursuit a professional opportunity outside the banking industry. LaBenne plans to leave in late April and is expected to participate in the company’s first quarter earnings call. Upon LeBenne’s departure, Jason Darby, currently executive vice president and chief accounting officer, will become interim CFO.
“We want to thank Drew for his many contributions over the past six years and wish him success in his new endeavor,” Lynne Fox, board chair and interim president and CEO of Amalgamated Financial, said. “At the same time, illustrating the depth of our management team, we are very pleased that Jason Darby has accepted the position of interim chief financial officer. Since joining Amalgamated in 2015, Jason has consistently demonstrated extraordinary leadership, impressive financial acumen and deep knowledge of every facet of Amalgamated. We are confident this will be a smooth transition.”
Darby has served as Amalgamated Financials’ executive vice president and chief accounting officer since February 2018 and previously served as the company’s senior vice president and controller from July 2015 until February 2018. Before that, he served as a team leader in commercial business banking for Capital One Financial from July 2012 until June 2015 and as executive vice president in charge of sales and marketing at Esquire Bank from 2009 to July of 2012.
“I want to thank the board for the opportunity to serve as Amalgamated Bank’s chief financial officer over the past six years. I am proud of the many accomplishments we have achieved together, and I leave knowing Amalgamated is in a very strong financial position with a bright future ahead. That said, I have been offered a position outside the banking sector which is a truly exceptional opportunity and I feel now is the right time to pursue my next career challenge,” LaBenne said. “I am very excited that Jason will succeed me as interim chief financial officer. Jason and I first worked together in 2007 at Capital One and have continued our working relationship for nearly 15 years. Jason is an extraordinarily skilled professional who has the full respect of the entire finance team, the board and the bank’s executive leadership.”
