Welcomes Thomas M. Buonaiuto, CPA as Chief Financial Officer
...ORANGEBURG, N.Y., Jan. 4 /PRNewswire-FirstCall/ -- Thomas E. Hales, Chairman of the Board and CEO of U.S.B. Holding Co., Inc. (NYSE: UBH) (the "Company") and it's wholly owned subsidiary Union State Bank (the "Bank") is proud to announce that Thomas M. Buonaiuto has been appointed Executive Vice President, Chief Financial Officer.
brings with him an extensive knowledge of financial and regulatory reporting.
...Mr. Buonaiuto is a graduate of Long Island University with a BS in Public Accounting.He became a Certified Public Accountant in 1989.He is also a graduate of the BAI School of Operations and Technology.Mr. Buonaiuto worked for KPMG Peat Marwick as an Audit Manager and Technology Coordinator; with responsibilities for reviewing, development and advising in the preparation of annual and interim financial statements as well as researching and evaluating technical accounting and audit issues.In 1992 Mr. Buonaiuto joined Long Island Commercial Bank ("LICB"), now New York Commercial Bank, as Comptroller and Secretary.Over the past fourteen years he was promoted to Senior Financial Officer and ultimately the position of Chief Financial Officer (CFO) as well as Vice President Secretary-Treasurer for Long Island Financial Corp., the holding company for LICB.As CFO, Mr. Buonaiuto established a Real Estate Investment Trust and was responsible for managing LICB's investment securities portfolio and asset liability management as well as the development of cash management.Mr. Buonaiuto
was also responsible for managing the development and implementation of all new electronic banking products, including intranet and internet solutions.Additionally, he led the technology team in developing systems to increase operating efficiencies.
fourteen year career with the company, LICB
grew from $27 million to over $500 million in assets.He
also coordinated a $10 million public offering and filings necessary to list the LICB
on the NASDAQ national market.Mr. Buonaiuto
presently resides in Miller Place, NY with his
wife and three children.