NEWBURYPORT — Institution for Savings has announced the promotions of three members of its Commercial Lending team. Lori Rostkowski and Theresa Espinola have been promoted to senior vice president of commercial lending and Albi Shatku has been promoted to vice president of commercial lending.
“These well-deserved promotions reflect the strength of our commercial lending team and the talented people who continue to drive its success,” said President and CEO Michael J. Jones. “Lori, Theresa and Albi have each demonstrated tremendous expertise, leadership and commitment to helping our customers thrive. Their advancement is a testament not only to their individual contributions, but also to the high-performing team we have built to serve businesses across our markets. We believe strongly in creating opportunities for our employees to grow and advance their careers here at the bank and I congratulate all three on these important accomplishments.”
Rostkowski has been part of the Institution for Savings team for more than 25 years and has extensive experience in commercial lending, credit administration, accounting and finance. She joined the bank’s commercial lending team following Institution for Savings’ acquisition of Rockport National Bank in 2014 and has played an important role in the growth and success of the bank’s commercial lending division. In her new role as senior vice president, she will continue working closely with businesses throughout Massachusetts to support their financing needs and long-term goals.
Espinola joined Institution for Savings in 2021 and has quickly become a trusted resource for commercial customers, drawing on two decades of banking experience and 15 years in commercial lending. She has developed strong relationships with business customers and demonstrated a deep understanding of the financial needs and challenges facing companies today. As senior vice president, she will continue to expand the bank’s commercial lending relationships and support the success of its business customers.
Shatku has been with Institution for Savings for nine years and has steadily advanced through the bank. After joining the commercial credit department as a credit analyst in 2021, he progressed through several roles including commercial lending portfolio manager and assistant vice president/portfolio manager. He has distinguished himself through his strong financial and credit expertise, commitment to customers and continued development as a commercial lending professional. As vice president of commercial lending, he will take on an expanded role supporting the bank’s commercial customers and broader commercial lending efforts.
To learn more, visit www.institutionforsavings.com