As banks try to grab more deposit market share and attract more business clients, they are scooping up experienced personnel from competitors and giving them new roles. Big players in the region are also hiring and promoting new people to important roles, eager to keep their edge over their competitors. Here is a look at one up-and-comer at area banks; click here to see more.
Justin Bigham is stepping into a prominent role at Five Star Bank's parent company, at a time when the bank wants to make a bigger splash in the Buffalo and Rochester markets.
Starting April 1, Bigham will be Financial Institutions' chief financial officer. He has had time to prepare: Bigham was hired last fall as deputy chief financial officer. The current CFO, Kevin Klotzbach, announced in April 2018 that he was going to retire in 2019. Klotzbach has served as CFO since 2013, and he will remain the bank's treasurer through the end of this year.
Bigham was most recently director of financial planning and treasury at HealthNow New York. Prior to that, he spent a combined 13 years with First Niagara Bank and M&T Bank.
When Financial Institutions announced Bigham's hiring, president and CEO Martin K. Birmingham praised his "high level of intellectual curiosity," as well as his track record of developing talent and "being a highly motivating team leader and colleague."