Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, announced today that Peter Sprudzs, FRM, has joined the Company as SVP, Chief Financial Officer. Mr. Sprudzs succeeds Greg Steverson, who will be retiring from Ledyard in December after 20 years with the Company.
Mr. Sprudzs brings many years of experience in finance, treasury, and risk management for public and private companies both large and small. Most recently he was the Chief Finance and Risk Officer for BMG Money. He also served as the Senior Vice President, Treasury and Finance for Credit One Bank, the Senior Vice President, Finance for Flagstar Bank, and as the Director of Finance for the Federal Home Loan Mortgage Corporation (Freddie Mac).
Kathy Underwood, Ledyard’s CEO, stated, “We’re excited to welcome Peter to our organization. Peter’s experience and strategic capabilities have been demonstrated consistently over his many years of service to top financial institutions. As we enter a new phase of growth for the bank, we’re confident that Peter’s energy and vision will help to lead Ledyard into its next chapter of success. At the same time, we will miss Greg tremendously, both personally and professionally. We wish him well in retirement.”
Mr. Sprudzs holds an MBA from the University of Chicago Booth School of Business, an MBA from the Université Catholique de Louvain in Belgium, and a BA in Statistics from the University of Chicago. He has also earned Financial Risk Manager certification from the Global Association of Risk Professionals.
Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full-service community bank offering a broad range of banking, investment, and wealth management services.
Ledyard Financial Group, Inc. shares can be bought and sold through the NASD-sanctioned “OTC Markets” under the trading symbol LFGP.