PATRICK L. RYAN President & CEO First Bank
As president and chief executive officer and member of the board of directors of First Bank, Patrick L. Ryan is responsible for the strategic direction and overall performance of the company. His direct reports include the Chief Financial Officer (CFO), Chief Lending Officer (CLO), Chief Operating Officer (COO), Chief Information and Technology Officer (CIO/CTO), and Department managers for Human Resources, Compliance, BSA, and Retail Branch Administration. Ryan works closely with these department managers to ensure that all profitability and safety and soundness goals are being met. As part of managing these departments, he sets goals, monitors progress, and performs annual reviews for all department managers listed above. Furthermore, he serves as a member of the Operations/Product Committee, the Pricing Committee, the Management Loan Committee, the Internal Compliance Committee, the Asset Quality Review Committee, and the Lending Sales Committee. Ryan also serves as a voting member of several Board Committees: the Compliance Committee, the Asset/Liability Committee, the Board Loan Committee, and the Information Technology Committee. He is usually an invited guest to the other Board Committees: Compensation and Personnel Committee, the Nominating and Governance Committee, and the Audit/Risk Management Committee. Ryan has been with First Bank since the recapitalization. Together with The Lead Independent Director and Vice Chairman, Mr. Leslie Goodman, he formed the investment group that helped to found the initial bank in organization that ultimately conducted the
$20 million recapitalization of First Bank in November 2008. As president and CEO, Ryan led a successful $23 million initial public offering for First Bank and the stock is now traded on the NASDAQ Global Market under the ticker symbol FRBA. In April 2015, he finalized a $22 million subordinated debt offering that significantly enhanced the bank’s capital position. Prior to First Bank, Mr. Ryan worked as an investment banker, a management consultant and a community banker. He began his professional career in 1997 as an investment banker at Goldman Sachs working in the Financial Institutions Group in New York, NY and working in the Advisory Group in London, England. At Goldman Sachs, he worked on various bank M&A transactions including the merger of Nations Bank and Bank of America in 1999. After leaving Goldman in 2000, he spent a year working in corporate development for an internet company called Medsite, performing a combination of acquisition and joint venture analyses, in addition to cost-cutting and restructuring assignments. After earning his M.B.A., Ryan was hired as a consultant for the management consulting firm Bain and Company in Boston. At Bain, he worked on
Private Equity Consulting projects as well as general growth strategy and cost control assignments. He left Bain Consulting in early 2006 to join central-NJ-based Yardville National Bank (YNB). At YNB, Ryan ran the Strategic Planning and Corporate Development group and managed the bank’s new-markets expansion efforts as the emerging markets Manager. Within Strategic Planning and Corporate Development, he managed the branch expansion evaluation committee to help source, analyze, and execute the bank’s branch growth initiative. The department also performed various analytical projects to help the Board assess the profitability and return on investment for various initiatives. As the emerging markets manager, Ryan led the expansion effort into Middlesex County, NJ working to source new employees and build a regional headquarters in Piscataway, NJ. YNB experienced solid growth and profitability in this new market under his leadership. Ryan graduated Summa Cum Laude from Hamilton College in Clinton, NY, and in 1997 with a Bachelor of Arts degree in Government, a minor in Economics, the Government Department prize, and (CONTINUED)
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