Milton Savings Bank Announces New CEO | News, Sports, Jobs


The board of directors of Milton Savings Bank recently announced a change in the bank’s executive management.

As of March 22, Robert “Bob” Crane has been appointed Managing Director of Milton Savings Bank.

Crane will replace Scott Pfaff who worked for the bank for over 9 years. In a recent press release, the Board of Directors expressed appreciation for the many years of dedicated service Crane has provided.

Crane brings over 25 years of banking experience to Milton Savings Bank and comes to us from Northumberland National Bank where he served as Chief Financial Officer.

Previously, Crane was Director of Profitability for Kish Bank at State College. Crane is a graduate of the College of William and Mary in Virginia and resides in Lewisburg with his wife and son.

The change in leadership will allow the bank to grow profitably and better serve its customers and the community with new product offerings, such as improved digital banking tools, upgraded bank website and other customer services.

“I am delighted to be working for Milton Savings Bank, which has a long and rich history in the community of Milton,” Said Crane. “The bank is very proud of the quality of its staff and its family atmosphere”, Crane says “I also appreciate the bank’s board of directors, who are committed to staying relevant in the Milton community. The bank is determined to be a strong resource for its customers and will continue to have a vital and positive impact on the community. “

The Milton Savings Bank recently celebrated its 100th anniversary, having started in 1920 as the Building and Loan Association of Milton. In 1955, it became the Savings and Loan Association of Milton, then became the Milton Savings Bank in 2003. The Milton Savings Bank is a federally chartered mutual savings bank with a full-service branch at 80 Broadway in Milton. As of December 31, 2020, the bank had $ 70.7 million in assets and $ 39.7 million in loans.

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