Centreville Bank President, CEO and Chairman of the Board Harold M. Horvat today announced that David A. Larocque has been named vice president, chief compliance officer and director of risk management.
In his new role, Larocque is responsible for managing and overseeing both regulatory compliance and risk management programs for Centreville, including developing and updating policies and procedures. He ensures that the bank complies with all state and federal laws, regulations, and rules governing operations and product offerings. Larocque, in collaboration with Centreville’s Human Resources and Board of Trustees, is also responsible for maintaining the employee Compliance Training Program.
“David possesses great expertise in compliance and risk management and has worked with a broad range of financial institutions throughout New England, New York and New Jersey,” said Horvat. “His diverse background coupled with his specific, retail banking experience benefits our organization greatly, particularly with the bank’s expansion into Connecticut through our acquisition of Putnam Bank.”
Larocque has more than 14 years’ experience in banking with 10 of those years spent working at Wolf & Company, P.C., Boston, MA, in the Regulatory Compliance Department. Most recently, he served as a regulatory compliance senior manager responsible for assisting in the development and execution of compliance reviews, training and various compliance services for the firm’s financial institution clients including State Chartered Banks, National Banks, Savings and Loan Associations, and Credit Unions. Prior to Wolf & Company, he was an assistant manager for TD Bank, N.A. Larocque has worked with institutions ranging in asset size from $50 million to over $10 billion throughout New England, New York and New Jersey.
Larocque earned a bachelor’s degree from Bridgewater State University, Bridgewater, MA. He is a Certified Anti-Money Laundering Specialist (CAMS), a member of the Board of Trustees for the Bank Compliance Association of Connecticut (BCAC), and a member of both the Connecticut and Greater Boston Chapters of the Association of Certified Anti-Money Laundering Specialists (ACAMS). He resides in North Easton, MA, with his wife and daughter.
About Centreville Bank
Founded in 1828 and headquartered in West Warwick, Rhode Island, Centreville Bank is a full-service mutual bank operating through nine branch locations in Coventry, Cranston, East Greenwich, Narragansett, North Kingstown, Warwick, West Greenwich, and West Warwick, and a loan production office in Providence. In addition, Putnam Bank in Putnam, Connecticut, operates as a division of Centreville Bank and serves the Eastern Connecticut market. Centreville currently has total assets of $1.9 billion.