Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, has named Sean Morrow as Interim Treasurer effective August 23.
He will replace Corporate Treasurer and EVP of Finance and Accounting Jeffrey Maddigan, who is leaving to pursue an opportunity outside of the bank.
In this role, Morrow will oversee the treasury function, including managing the bank’s interest rate, liquidity and capital efforts; managing the securities investment portfolio; facilitating interest rate swaps and ensuring the bank meets its regulatory and risk expectations.
Morrow brings nearly 20 years of financial experience to this role. A seven-year veteran of Northwest, he joined the bank as treasury risk manager and most recently served as assistant treasurer. He previously worked in various financial roles at KeyBank and First Niagara.
“I’m pleased to name Sean as our interim treasurer,” said Chief Financial Officer Doug Schosser. “His depth of industry experience, combined with the expertise he’s developed through his close partnership with Jeff, will ensure a seamless transition and help us continue our team’s momentum.”
“On behalf of the entire bank, we extend our gratitude to Jeff for his exceptional leadership and the substantial contributions he has made for our employees, customers and shareholders,” Schosser said. “We wish him all the best in his future pursuits.”
Morrow earned his bachelor’s degree in business administration from SUNY Buffalo and an MBA from St. Bonaventure University. Active in the community, Sean sits on the Board of Directors for Torn Space Theater and serves as its treasurer. He is also a member of the Loan Committee for the Westminster Economic Development Initiative, an organization that provides micro-loans to underserved residents of Buffalo. He and his wife Katie reside in the Buffalo area.
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