Serbun to retire as president of retail banking at Community Bank, Karaivanov named chief operating officer
Joseph F. Serbun, President of Retail Banking at Community bank will retire after more than 14 years of service. Serbun joined the bank in January 2008 as Vice President and Commercial Team Leader and was appointed to the Management Committee in 2010. Since 2010, he has held important management positions including Director of Credit , Director of Banking Operations and President of Retail. banking. Serbun will retire from his post on September 30.
“Joe has been a significant bank and corporate leader and has been responsible for shaping our culture and growth over the past 14 years. We will miss Joe and wish him the best in his retirement,” said Mark E. Tryniski, President and CEO of Community Bank.
In addition to Serbun’s retirement, Community Bank has promoted Dimitar Karaivanov to executive vice president and chief operating officer of the company and bank, effective October 1. Karaivanov has served as executive vice president of financial services and corporate development since joining the company in June. 2021. In his role as Chief Operating Officer, Karaivanov will have oversight responsibilities for all banking, wealth management, employee benefits and insurance services and related business activities.
“I am delighted to announce the appointment of Dimitar Karaivanov as the company’s Chief Operating Officer. Since joining the company, Dimitar has brought fresh ideas and innovative thinking to his role as Executive Vice President of Financial Services and Corporate Development,” said Tryniski. “Dimitar effectively led the company’s M&A strategy and reshaped the company’s wealth management, employee benefits and insurance business units. With this appointment, he will begin to focus his attention on our banking operations to optimize our core business with a focus on increased revenue growth.