Frank O'Hagan was named vice president and investment officer at Ridgewood Savings Bank on June 25. He succeeds Senior Vice President and Chief Investment Officer James J. Korona.

On the retirement of Ridgewood Savings Bank Senior Vice President and Chief Investment Officer James J. Korona, Frank O'Hagan joined Ridgewood Savings Bank as vice president and investment officer on June 25. Korona has retired after serving the bank for more than 11 years, capping a 39-year career in banking, on Wall Street and in the secondary marketing of mortgage loans.

O'Hagan joins Ridgewood with more than 25 years of banking experience. Previously, he was vice president, investment officer, business development officer and loan review officer at Pamrapo Savings Bank, a Bayonne, New Jersey-based community bank. Prior to working at Pamrapo, O'Hagan provided securities investment and balance sheet management counsel to community banks throughout the New York metropolitan area as a vice president at financial services firms such as Tucker Anthony, Inc., Sandler O'Neill + Partners, LP and Shay Financial Services, Inc. He also previously worked as an examiner-in-charge at the Federal Home Loan Bank Board and as a treasurer at Whitestone Savings Bank.

At Ridgewood Savings Bank, O'Hagan is responsible for the bank's investment portfolio of more than $800 million in mortgage-backed, agency and corporate securities. His position also encompasses management duties and serving as a member of the bank's Asset Liability Committee.

"We are pleased to welcome Frank O'Hagan to the Ridgewood Savings Bank family," Ridgewood Savings Bank Chairman, President and Chief Executive Officer William C. McGarry said. "Investment is a core strength of our community-focused bank. Frank brings considerable top management experience, which will certainly be an important asset for us in this area."

"I am very pleased to have joined Ridgewood Savings Bank and am looking forward to continuing its tradition of engaging in strategic and successful investment management," O'Hagan declared.

Chartered in 1921, Ridgewood Savings Bank (www.ridgewoodbank.com) is the largest mutual savings bank in New York state, with $4.1 billion dollars in assets, serving customers throughout the New York metropolitan area.