The Financial Managers Society was formed in 1948 when a group of Controllers from the Chicago area banded together and formed the Society of Savings and Loan Controllers.  The New York/ New Jersey Chapter of the Financial Managers Society was formed shortly thereafter. Theodore Theban of Bankers Federal Savings and Loan served as the first President of the NY/NJ Chapter in 1949.  This chapter is now made up of over 200 members consisting of both bankers and service providers (investment, audit, and consulting firms and IT companies).

Each year the Society gives a one time scholarship to students from its  President’s Alma Mater.  Stephen Feehan, the current  President received his undergraduate degree from Ramapo College of New Jersey, and started his career at the accounting firm of CohnReznick (formerly JHCohn).  He received his CPA license two years later upon completing the experience requirement.  Stephen joined KPMG LLP in 1997 as an auditor in their Financial Services Group.  In 2003, Mr. Feehan joined Columbia Bank as their Assistant Controller and was promoted to Senior Vice President , Controller in 2013.  In 2017, Mr. Feehan was transferred to the newly formed Senior Vice President ,Risk Management role responsible for managing the bank’s appraisal, Compliance, Internal Loan Review, and Risk Departments.

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