Mr Labozzetta recently served as executive vice president of retail distribution for the Mid-Atlantic division of TD Bank. He joined TD Bank when its parent company acquired Interchange Financial Services. While at Interchange, he was an integral part of the management team. He had served as the COO of Interchange prior to its acquisition, after previously serving as CFO and joining the company as treasurer.
Additionally, Sussex Bancorp has said that Donald Kovach, chairman, president and CEO, will remain as the chairman of the board of the company and the bank. Mr Kovach will, among other responsibilities, assist Mr Labozzetta in his transition into the Sussex County, New Jersey marketplace.
Mr Labozzetta, said: “I look forward to the opportunities and challenges presented by this position with Sussex. I believe we can mold this bank into the premier community bank franchise in the markets we serve.”
