HONESDALE, PA — Jim Donnelly, president/CEO of Wayne Bank, announced the hiring of Fred Malloy as a senior vice president and controller.

“With over three decades of community banking experience and a strong background in accounting operations, [Malloy] brings a wealth of knowledge that will greatly benefit our organization,” said Donnelly. “Fred’s leadership and expertise make him a valuable addition to our team.”

In his new role, Malloy will be working out of Wayne Bank’s corporate office in Honesdale. He is responsible for overseeing the bank’s accounting department operations, such as accounts payable, general ledger, accounting systems integration and taxes. 

Malloy brings with him over 33 years of community banking experience.

He attended the State University of New York, where he received a bachelor’s degree in accounting. He resides in Clarks Summit with his wife Malisa and their two daughters, Ally and Nellie.