– USA, NJ – The Bank of Princeton – Richard Gillespie, one of the founding Board members of The Bank of Princeton, has been elected Chairman of the Board of the billion dollar bank. His election is effective January 1, 2016.
Gillespie has served on the Bank’s Board of Directors since its founding and is a member of the Audit, ALCO, Compliance and Human Resources and Compensation committees, the latter of which he chairs.
Mr. Gillespie replaces Andrew Chon who has served as Chairman for the past seven years. Mr. Chon’s leadership was a key catalyst in the Bank’s explosive growth to over $1 billion in assets.
“We are extremely grateful for Andrew’s efforts and the large amount of time he has devoted to the bank over the last seven years,” said Gillespie. “It was primarily his tireless efforts that led to our bank’s explosive growth,” he added. Mr. Chon will also leave his Board of Directors seat, as he spends more time with an international entrepreneurial enterprise.
Mr. Gillespie is a seasoned businessman with experience in both founding and growing companies. He is the former Founder and President of Gillespie Advertising. Starting with just $1500.00 in initial capital, he grew the company to become the largest general advertising agency in New Jersey and one of the 65 largest advertising agencies in America. He sold the firm to McCann Erickson of New York City and later served on both the North American and Worldwide Boards of the firm’s relationship marketing division.
He is also a Partner and Vice Chairman of Mediguide, a healthcare services company, headquartered in Delaware, that sells its services through insurance companies worldwide.
A long time Hopewell resident, Gillespie is the father of six children. He has been active in the community for the past 30 years, most notably with Catholic Charities and Thomas Edison State College Foundation Board, which he served as Chairman.
About The Bank of Princeton
The Bank of Princeton is a community bank founded in 2007. The Bank is a New Jersey state-chartered commercial bank with ten branches in New Jersey, including three in Princeton and others in Hamilton, Pennington, Montgomery, Monroe, Lambertville, New Brunswick, and Lawrenceville. There are also three branches in the Philadelphia area, operating as MoreBank, a division of The Bank of Princeton. The Bank of Princeton is a member of the Federal Deposit Insurance Corporation (the “FDIC”).
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