Community State Bank Names Thomas J. Fontaine as President and Chief Executive Officer

STARKE, Fla.--(BUSINESS WIRE)--Community State Bank is honored to announce the appointment of Thomas J. Fontaine as its new President and Chief Executive Officer. His new role becomes effective Monday, October 16, 2023. Thomas brings a wealth of experience and knowledge to the role, having served in various executive positions in the banking industry for over 30 years.

“We are thrilled to have Tom lead the strategy, growth, and development of the bank,” said Community State Bank Vice Chairman Robert Peterson. “His extensive experience and leadership skills make him the perfect choice to lead our organization into the future.”

Tom has a long history of success in the banking industry, having held executive positions at several major organizations, including Cambridge Trust Company, Wellesley Bank, BankBoston, and Middlesex Savings Bank. In his most recent role as Chief Banking Officer and Director of Cambridge Bancorp, he was a management committee member who helped develop and execute the overall strategy for the $5 billion bank and $4.5 billion wealth management company. Previously, he was the President and CEO of Wellesley Bank, a premier bank and wealth management company, where he led the successful growth of the bank and leadership team.

Coupled with his professional accolades is his passion for helping people achieve their financial goals. “I am excited to join Community State Bank and help our customers reach their financial dreams,” said Tom. “I look forward to working with the team to continue to provide the best banking experience possible in North Florida.”

Tom holds a Bachelor’s degree in Economics from the University of Vermont and an M.B.A. from Babson College.

About Community State Bank

Community State Bank, an FDIC-insured commercial bank, offers a full range of commercial and consumer banking products. The bank was founded in the City of Starke, Florida, and was purchased by DLP Bancshares in 2022.

About DLP Bancshares

DLP Bancshares Inc. is a bank holding company headquartered in St. Augustine, Florida, and includes among its lead investors Don Wenner, CEO of DLP Capital, a national real estate investment and financial services firm. DLP Bancshares’ holdings include Community State Bank, an FDIC-insured commercial bank with $250 million in assets, offering a full range of commercial and consumer banking products. The bank, founded in the City of Starke, Florida, was purchased by DLP Bancshares in 2022 and is active in communities throughout northern Florida and beyond.