News - Detail

Sutton Bank is pleased to announce the appointment of Frank C. Salamone as its new General Counsel and Chief Legal Officer. With more than 15 years of experience in financial regulation and enforcement at the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), Salamone brings a strong background in banking law, compliance oversight and regulatory policy to the organization.

In his new role, Salamone will advise executive leadership and the Board of Directors on legal, regulatory and governance matters. He will support ongoing compliance initiatives, assist with risk management strategy, review policies and procedures, and provide guidance as the bank continues to grow and adapt to changes within the financial services industry.

“We are pleased to welcome Frank to our team,” said Tony Gorrell, CEO of Sutton Bank. “His experience within federal regulatory agencies provides meaningful insight into the expectations placed on financial institutions. That perspective will help us continue operating in a safe, sound and responsible manner while serving our customers and communities.”

Most recently, Salamone served as second-in-command in FDIC’s Enforcement Section. In that role, he worked with senior agency leadership to help set enforcement priorities. He led the FDIC’s program for enforcement investigations and litigation involving a range of banking, compliance and consumer protection matters.

Prior to joining the FDIC, he spent more than a decade with the OCC, where he advised agency leadership on issues related to consumer compliance, emerging technology, cybersecurity, bank operations and enforcement. He led investigations involving consumer law violations, fraud, unsafe banking practices and regulatory compliance concerns, working alongside federal and state partners on coordinated matters such as the 2010 foreclosure crisis and the Madoff fraud.

A Certified Anti-Money Laundering Specialist and Certified Fraud Examiner, Salamone has provided training and guidance on consumer financial services, financial crimes compliance and investigative best practices throughout his career.

Salamone earned his Juris Doctor with honors from Hofstra University School of Law in New York and holds a Bachelor of Science in Government and German from Georgetown University. He also completed a year of study abroad at Humboldt University in Berlin.

The addition of Salamone reflects Sutton Bank’s continued focus on strong governance, effective risk management and long-term stability as it serves individuals, families and businesses throughout the region.

About Sutton Bank

Founded in 1878, Sutton Bank is an independent, community-focused financial institution headquartered in Attica, Ohio. With a strong tradition of service, innovation, and community partnership, Sutton Bank provides a full range of personal, business, and agricultural banking solutions throughout north central Ohio. Member FDIC. Equal Housing Lender.