MSB Financial Corp., the holding company for Millington Savings Bank, has announced the appointments of W. Scott Gallaway as Chairman of its Board of Directors and Donald J. Musso as newly elected Board member. Former Board Chairman, Albert N. Olsen, will remain on the Board of Directors as Chairman Emeritus. Millington Savings Bank President/CEO, Michael A. Shriner, who has served on the Board since 1999, will continue in his position as a Director, along with E. Haas Gallaway, Jr., Gary T. Jolliffe, Thomas G. McCain, and Fred J. Rossi.
W. Scott Gallaway founded Gallaway Associates, a real estate brokerage and appraisal firm, in 1975 and sold the brokerage portion to ReMax Properties Unlimited in 2000. He is an equity partner and Broker/Salesperson with ReMax Alliance Realtors of Basking Ridge. Mr. Gallaway is also a licensed Real Estate Appraiser in the State of New Jersey.
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Donald J. Musso founded FinPro, Inc. in 1987, a New Jersey-based consulting and financial advisory firm that specializes in providing advisory services to the financial institutions industry. In 2012 Mr. Musso also formed FinPro Capital Advisors, Inc., a wholly owned subsidiary of FinPro, Inc., to conduct investment banking activities. He has a broad background in strategic planning, asset/liability management, market feasibility assessments, de novo bank formation and investment banking.
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Mr. Olsen is a certified public accountant and is Vice President of Olsen & Thompson, P.A., a CPA firm established in 1961. In addition, he is a member of Olsen & Thompson Investment Advisory Services, LLC.
Michael A. Shriner has been employed by Millington Savings Bank since 1987. Mr. Shriner currently serves as a member of the Enterprise Risk Management Committee with the New Jersey Bankers Association. He also serves as a trustee for HomeSharing, Inc., a non-profit organization located in central New Jersey.
“These appointments are part of our carefully planned evolution of the bank’s executive lineup and represent the new team that will chart our course for continued success well into our second century of operations,” stated Mr. Shriner. “I’d like to thank Al Olsen for his 14 years of exemplary leadership as our Board Chairman. He was elected to the Board in 1974, and we are extremely grateful that he will continue to contribute his valuable insight and service to our organization as Chairman Emeritus. I heartily congratulate Scott Gallaway for his appointment as our new Board Chairman and am certain that he will continue the tradition of sound leadership that has been the hallmark of our Board. I am also thrilled to have Don Musso, with his immeasurable expertise and knowledge, serving on our Board. As a highly esteemed industry consultant, Don has a rich history of guiding community banks toward success, including Millington Savings Bank,” he added.
Millington Savings Bank is a wholly-owned subsidiary of MSB Financial Corp. With assets over $350 million, the bank has a rich tradition of serving customers and the local community since 1911. Locations are in Millington, Basking Ridge (Riverwalk and Dewy Meadow), Martinsville and Bernardsville. The bank is a member of the FDIC and an Equal Housing Lender. All locations can be reached by calling 908-647-4000. Additional bank information can be obtained by visiting www.millingtonsb.com.
