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Milton Savings Bank announces new CEO

Milton Savings Bank’s board of directors recently announced a change to the executive management of the bank.

Effective March 22, Robert “Bob” Crane has been appointed chief executive officer of Milton Savings Bank.

Crane will be replacing Scott Pfaff who was with the bank for over 9 years. In a recent press release the board said it is thankful for the many years of dedicated service Crane has provided.

Crane brings over 25 years of banking experience to Milton Savings Bank, and comes to us from Northumberland National Bank where he served as chief financial officer.

Prior to that, Crane was the director of profitability at Kish Bank in State College. Crane graduated from The College of William and Mary in Virginia and resides in Lewisburg with his wife and son.

The change in leadership will enable the bank to grow profitably, and better serve its customers and the community with new product offerings, such as improving digital banking tools, upgrading the bank’s website and other customer services.

“I am excited to work for Milton Savings Bank, which has a long, rich history in the Milton community,” Crane said. “The bank takes great pride in the quality of its staff, and its family atmosphere,” Crane says “I also appreciate the board of directors of the bank, as they are committed to remaining relevant in the Milton Community. The bank is dedicated to being a strong resource for its customers and will continue to have a vital and positive impact on the community.”

Milton Savings Bank recently celebrated its 100 year anniversary, having started in 1920 as the Building and Loan Association of Milton. In 1955 it changed to the Savings and Loan Association of Milton, then became Milton Savings Bank in 2003. Milton Savings Bank is a federally chartered mutual savings bank with a full-service branch at 80 Broadway in Milton. As of December 31, 2020, the bank had $70.7 million in assets, and $39.7 million in loans.

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