Craig E. Schermerhorn Promoted To SVP, Commercial Loan Officer

May 17, 2021

Centreville Bank President, CEO and Chairman of the Board Harold M. Horvat today announced that Craig Schermerhorn has been promoted to the position of senior vice president, commercial loan officer.

Schermerhorn, who brings more than 30 years of regional and local commercial lending experience to the position, joined Centreville Bank in 2017 as vice president, commercial lending. Prior to joining Centreville, he was a vice president in the commercial lending group at Mansfield Bank. Schermerhorn also worked for M&T Bank, Citizens Financial Group, and Fleet National Bank.

“Since joining Centreville some four years ago, Craig has built strong relationships with many of our commercial customers and demonstrated excellent leadership skills,” said Horvat. “We’ll continue to rely on him as we work to expand our commercial lending business throughout Rhode Island, Massachusetts, and Connecticut.”  

Added Justin DeShaw, chief lending officer and head of commercial banking, Centreville Bank, “Craig has worked hard to earn the trust and confidence of his customers and our commercial banking team. This promotion recognizes his contributions and importance to our organization.”

Schermerhorn earned a bachelor’s degree in Business Management from UMass Lowell. He resides in Lincoln, RI.

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 (two locations), East Greenwich, Narragansett, North Kingstown, West Greenwich, Warwick, and West Warwick, and a loan production office in Providence.  In addition, Putnam Bank, which is headquartered 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. For more information, please visit