Naugatuck Valley Financial announces new CFO

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James Hastings
James Hastings

NAUGATUCK — Naugatuck Valley Financial Corporation, the holding company for Naugatuck Valley Savings and Loan, appointed James Hastings as chief financial officer for the company and bank.

Hastings replaces Thomas Van Lenten, who had been serving as interim chief financial officer.

“James Hastings is a well-respected and experienced community bank executive and we are extremely pleased that he has joined Naugatuck Valley,” said William Calderara, president and chief executive officer of the company and bank. “On behalf of Naugatuck Valley, I want to express our appreciation to Thomas Van Lenten for his service as interim chief financial officer.”

Hastings will also serve as an executive vice president of the company and the bank.

Hastings, a licensed certified public accountant, has more than 30 years experience and has held senior executive positions at several community banks. He joins Naugatuck Valley from Southern Community Financial Corp. of Winston-Salem, N.C., parent of Southern Community Bank and Trust, where he served as CFO.

Previously, he served as president and CEO of Federal Savings Bank in Dover, N.H.; senior vice president and director of mortgage banking at Cape Cod Five Cents Savings Bank; CFO and treasurer of Heritage Financial Corp. of Seattle, and vice president of finance-real estate Group of Seafirst Corp. of Seattle.