Albany Business Review: Pioneer adds new member to its C-suite

Thomas Ratsep, most recently senior risk officer and senior credit officer for Ballston Spa National Bank, later this month will join Pioneer (Nasdaq: PBFS), where he'll oversee all facets of commercial credit for the Colonie-based community bank as executive vice president and chief credit officer.

 

Ratsep, 57, will succeed Jim Murphy, the financial institution's current chief credit officer, who is retiring at the end of this year. Murphy joined Pioneer in 2023 from Community Bank.

 

'The timing just worked out absolutely perfectly,' Pioneer CEO Tom Amell, who helped recruit both executives, said of the transition."