Sturdy Savings Bank welcomes new CEO

After 15 years under the leadership of Gerald Reeves, Sturdy Savings Bank Chairman James Fisher announced Gregory Matuson as president and CEO, effective Jan. 9.

According to an announcement from the Cape May Court House-based financial institution, Reeves will remain as a director and Matuson will join the board.

A 22-year veteran of Sturdy Savings, Matuson most recently served as executive vice president and chief operating officer.

“During his tenure with Sturdy Savings Bank, Greg has proven himself to be an experienced and effective leader. His management philosophy is rooted in our vision, mission, and guiding principles,” Fisher said in a statement. “I speak for everyone when I say that I am fully confident in Greg’s abilities to lead Sturdy Savings Bank and to build upon our success as the leading community bank in southern New Jersey.”

Founded in 1922, Sturdy Savings serves Cape May and Atlantic counties from 13 locations.

“My goal is to advance our efforts in providing a rewarding and fulfilling experience for our employees, and in delivering on our commitment to provide competitive products and exceptional customer service,” Matuson said. “I am grateful and honored to serve in this new role and look forward to working with the board and the executive management team to execute our strategic goals.”

Before serving as COO, Matuson was executive vice president and chief financial officer. According to Sturdy Savings, he also served as an accountant at Ford, Scott and Associates in Ocean City. Matuson is a Certified Public Accountant in New Jersey and a member of the New Jersey Society of Certified Public Accountants and the American Institute of Public Accountants.