Centreville names Horvat bank president

WEST WARWICK – Centreville Bank has named Harold M. Horvat its new president and chief operating officer.

Thomas J. Lamb Jr., chairman and CEO of the West Warwick-based bank, made the announcement during the bank’s annual meeting on Thursday. Horvat formerly served as the bank’s executive vice president and chief lending and retail officer.

“Hal is a proven banking executive who has successfully directed and grown our commercial lending enterprise, as well as restructuring and rebuilding our consumer-lending business,” Lamb said at the meeting. “In addition, he is currently overseeing the modernization of our branches and our strategy for branch expansion.”

Lamb said Horvat’s promotion signaled a “transition to the next generation of leadership,” but declined to disclose any further details about what other changes might be coming. Lamb became CEO of the bank in 2015. He also held the position of president before Horvat.

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The bank did not previously have anyone serving under the title of chief operating officer, according to a spokeswoman.

Horvat, an alum of the University of Rhode Island and Bryant University, started his banking career three decades ago at the now-defunct Old Stone Bank. A Cranston resident, he’s held various positions at other institutions, including chief operating officer at Mansfield Bank in Massachusetts.

­Eli Sherman is a PBN staff writer. Email him at Sherman@PBN.com, or follow him on Twitter @Eli_Sherman.