Watertown Savings Bank
Watertown Savings Bank promoted Sandy Penchansky to vice president.
Watertown Savings Bank (WSB) Chief Executive Officer Ronald Dean is pleased to announce that Sandy M. Penchansky has been promoted to Vice President at Watertown Savings Bank, according to an announcement from the bank. Since 2007, Penchansky has been the Financial Advisor for Infinex Investments, Inc., located at WSB.
The Bank introduced investment services to its customers through Infinex Financial Group in 2005. Infinex Financial Group, a broker-dealer based out of Connecticut and Virginia, is the largest bank-owned provider of investment and insurance products and services for community banks in New England. Infinex was created nearly 20 years ago by community banks; works primarily with community banks; and specializes in retirement, education and wealth transfer strategies for bank customers.
Working with individuals and small businesses, Penchansky helps modify or design various portfolios, set up retirement plans, or identify insurance needs. Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated, according to the announcement. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
Penchansky has more than 30 years of experience as a financial advisor and investment executive; 15 years working for Infinex. He is a Certified Financial Planner, having earned his CFP™ designation in 1991; and is FINRA registered. His office is located at WSB’s main office in Watertown Square. Penchansky is also an executive board member of the Watertown Belmont Chamber of Commerce.
Watertown Savings Bank is a $1.1 billion independent, mutual savings bank headquartered in Watertown Square. There are nine locations serving Arlington, Belmont, Lexington, Newton, Waltham, and Watertown.