Staff Changes at Sugar River Bank
Newport — Sugar River Bank is making some changes in its management staff.
Cindy Baron, the senior vice president of lending, is retiring on April 18. Baron has been with the bank for almost 30 years and has played an integral role in both the lending and retail departments, bank officials said in a news release last week.
She started her banking career at Camden National Bank in Camden, Maine, in 1981 and joined Sugar River Bank in 1987. She is a graduate of both the New England School and the National School of Banking.
Baron is a member of the Newport Rotary Club and served as its 2004-2005 president. She is serving as president of the Newport Opera House board and is involved with the Newport Ballroom.
Terri Crate is being promoted to vice president and senior retail loan officer. She joined the bank in 2008 as assistant vice president of credit administration and is the vice president of loan originations. Crate recently graduated from the ABA Stonier Graduate School of Banking. She is involved in community service and serves on the board of the United Way of Sullivan County.
Crate has nearly 30 years of lending experience and specializes in residential mortgage lending including purchase, refinance, construction loans and home equity loans.
Jolene Chappell also has been promoted to loan originator. Chappell has been with the bank for almost 10 years and was previously the assistant branch manager in the Sunapee branch. She lives in Sunapee and is the vice chair of trustees of trust funds for the town of Sunapee.