Executive Vice President, Chief Financial Officer
Mike Fratarcangeli happily joined Beneficial State Bank in May 2019 as the Chief Financial Officer and also currently oversees IT and Credit Administration. In his role as CFO, he has responsibility for producing accurate and timely financial information, including managing the annual financial audit as well as the quarterly financial regulatory filings. He manages the bank’s investment portfolio, liquidity, and interest rate risk as part of the asset-liability (ALCO) committee. In addition to leading the annual budget process, Mike takes an active role and really enjoys helping shape the strategy of the bank.
Mike has an undergraduate degree in accounting from Georgetown University and a masters in finance from George Washington University. After a short stint in public accounting, Mike has been in finance and accounting roles for the past 25 years at financial institutions small, medium, and large. Mike has learned from so many great leaders over the course of his career and really appreciates sharing that knowledge with others so that they can find their own paths of success.
In his free time, Mike loves spending time with his wife and four children, coaching youth sports, biking, cooking, and gardening.