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# Seneca Bancorp names Angela Krezmer CFO as Vincent Fazio retires
- URL: https://www.theglobalbanker.com/seneca-bancorp-names-angela-krezmer-cfo-as-vincent-fazio-retires/
- Published: 2026-06-05T10:07:45.000Z
- Updated: 2026-10-05T20:23:19.000Z
- Description: Krezmer, a former chief executive and CFO of Generations Bank, takes over on 1 July; the company also named Angelo Testani chief banking officer and signed new executive employment agreements.
- Author: TGB Editorial Team
- Tags: Executive Moves, Americas

Seneca Bancorp (SNNF) said Vincent Fazio will retire as executive vice president and chief financial officer of the company and its bank subsidiary at the close of business on 30 June 2026, and that Angela Krezmer will succeed him from 1 July, according to a Form 8-K filed with the US Securities and Exchange Commission on 4 June reporting events of 29 May.

Krezmer, 40, previously served as president, chief executive and chief financial officer of Generations Bank. Her employment agreement runs to 31 December 2028 and sets an annual base salary of $220,000.

#### NEW EMPLOYMENT AGREEMENTS

The company also appointed Angelo Testani, senior vice president of commercial lending since 2016, as executive vice president and chief banking officer, effective 29 May, with an annual base salary of $201,375 and an employment agreement running to 31 December 2028\. Chief executive Joseph Vitale entered into an amended and restated employment agreement effective 29 May, also running to the end of 2028.

The agreements provide for automatic renewal. On termination without cause, the Krezmer and Testani agreements provide severance equal to base salary for the greater of 12 months or the remaining term, plus reimbursement of COBRA health coverage costs for up to 18 months. In connection with a change in control, the payment is three times the sum of base salary and highest annual cash bonus, plus 36 months of COBRA costs.

#### RETIREMENT TERMS

Fazio will remain a director of the company and the bank and will serve as a consultant under a retirement and consulting agreement running to 30 June 2027, for a fee of $1,000 a month covering up to 10 hours, plus $100 for each additional hour. His supplemental executive retirement agreement was amended to set his annual early retirement benefit at $15,000 from the retirement date.