UTICA — Adirondack Bank announced it has recently appointed Louis Aiello, senior VP and chief financial officer (CFO) at Mohawk Valley Health System (MVHS), as a new member of its board of directors. Aiello has more than 30 years of experience in finance and operations management, with specialized expertise in health-care financial leadership throughout Central […]
UTICA — Adirondack Bank announced it has recently appointed Louis Aiello, senior VP and chief financial officer (CFO) at Mohawk Valley Health System (MVHS), as a new member of its board of directors.
Aiello has more than 30 years of experience in finance and operations management, with specialized expertise in health-care financial leadership throughout Central New York, aligning with the bank’s commitment to supporting vital community-focused growth, Adirondack Bank said in its announcement.
In his current role as MVHS CFO, Aiello directs finance and operations for a $750 million operating budget while supervising critical departments, including patient access and financial services, and coordinating the necessary managerial support to deliver the highest quality of care to all patients. He was instrumental in the planning and financing of the $600 million Wynn Hospital, the announcement stated.
“The extensive financial management experience and community involvement that Lou brings to the Bank’s board will be extremely valuable in helping to carry out our mission of supporting the economic growth of our communities in the Mohawk Valley region, the Adirondack North Country, and Central New York,” Rocco F. Arcuri, Sr., president and CEO of Adirondack Bank, said.
Aiello is an active member of the Healthcare Financial Management Association and serves on multiple community boards, including The House of the Good Shepherd and Junior Junction Inc.
“I look forward to working with the Bank’s board and management in carrying out the Bank’s important role of providing financial products and services that meet the needs of the consumers, businesses, and municipalities that it serves,” Aiello said.
Founded in 1898, Adirondack Bank is a privately owned community bank with about $1 billion in assets that is headquartered in Utica. The bank operates 17 full-service and two limited-service branch locations in the counties of Oneida, Herkimer, Clinton, Essex, and Franklin, and a loan production office in Syracuse.
