First Bank: As President and Chief Executive Officer and member of the Board of Directors of First Bank, Patrick L. Ryan directly manages several areas of the bank, including strategy, operations, marketing, and business development. In addition to the areas he runs directly, most members of the Executive Management Team report directly to Mr. Ryan, including the Chief Financial Officer, The Chief Lending Officer, the Chief Technology Officer, and the Head of Retail Branch Administration. Mr. Ryan works closely with these department managers to ensure that all profitability and safety and soundness goals are being met. As part of managing these departments, Mr. Ryan sets goals, monitors progress, and performs annual reviews for all department managers listed above.
Furthermore, Mr. Ryan manages the internal Pricing Committee and the. He serves as a member of the Operations/Product Committee, the Management Loan Committee, the Internal Compliance Committee, the Asset Quality Review Committee, and the Lending Sales Committee. Mr. Ryan serves as a voting member of several Board Committees: the Compliance Committee, the Asset/Liability Committee, the Board Loan Committee, and the Information Technology Committee. Mr. Ryan is usually an invited guest to the other Board Committees: Compensation and Personnel Committee, the Nominating and Governance Committee, and the Audit/Risk Management Committee.
Mr. Ryan has been with First Bank since the recapitalization. Together with Board Chairman Mr. Leslie Goodman, he formed the investment group that helped to found the initial bank in organization that ultimately conducted the recapitalization of First Bank in November 2008.
Prior to First Bank: Mr. Ryan worked as an investment banker, a management consultant and a community banker. Mr. Ryan began his professional career in 1997 as an Investment Banker at Goldman Sachs working in the Financial Institutions Group in New York, NY and working in the Advisory Group in London, England. At Goldman Sachs, Mr. Ryan worked on various bank M&A transactions including the merger of Nations Bank and Bank of America in 1999. After leaving Goldman in 2000, Mr. Ryan spent a year working in Corporate Development for an Internet Company called Medsite, performing a combination of acquisition and joint venture analyzes, in addition to cost-cutting and restructuring assignments.
Mr. Ryan attended the Tuck School of Business at Dartmouth from 2001 to 2003, graduating as a Tuck Scholar (top 20% of the class) and "with Distinction" (top 10% of the class). After earning his MBA, Mr. Ryan was hired as a Consultant for the Management Consulting firm Bain and Company in Boston. At Bain, Mr. Ryan worked on Private Equity Consulting projects as well as general growth strategy and cost control assignments. Mr. Ryan left Bain Consulting in early 2006 to join central-NJ-based Yardville National Bank (YNB).
At YNB, Mr. Ryan ran the Strategic Planning and Corporate Development group and managed the bank's new-markets expansion efforts as the Emerging Markets Manager. Within Strategic Planning and Corporate Development, Mr. Ryan managed the branch expansion evaluation committee to help source, analyze, and execute the bank's branch growth initiative. The department also performed various analytical projects to help the Board assess the profitability and return on investment for various initiatives. As the Emerging Markets Manager, Mr. Ryan led the expansion effort into Middlesex County, NJ working to source new employees and build a regional headquarters in Piscataway, NJ. YNB experienced solid growth and profitability in this new market under Mr. Ryan's leadership.
Mr. Ryan graduated number 11 (out of 414) earning Summa Cum Laude distinction from Hamilton College in Clinton, NY. Mr. Ryan graduated in 1997 with a Bachelor of Arts degree in Government, a minor in Economics, the Government Department prize, and membership in Phi Beta Kappa. He received a Masters of Business Administration from Dartmouth University's Tuck School of Business. A Tuck Scholar, he graduated with Distinction. Mr. Ryan has attended numerous professional development training courses including the ABA's Graduate Commercial Lending School and the RMA's Risk Management School.
Mr. Ryan is involved with several non-profit organizations including the Hamilton Partnership, the Mercer County 200 Club, the Robert Wood Johnson Hamilton Hospital Young Professionals Group, the Friendly Sons and Daughters of St. Patrick, the Community Bankers Association, the NJ Bankers Association, and the Ancient Order of Hibernians. Mr. Ryan previously served on the Board of Trustees for the State Theatre in New Brunswick, NJ, on the Board of Directors at the Middlesex County Chamber of Commerce and as a Board member for the Middlesex County Workforce Investment Board. Mr. Ryan was the manager of the Hopewell Valley Baseball/Softball Association Instructional-level, baseball Bears.
Mr. Ryan is married to Ashley W. Ryan, and they are the proud parents of six-year-old, fraternal twins: Liam Patrick Ryan and Lily Eleanor Ryan. Mr. Ryan's interests include hiking with his family, ice hockey, golf, kayaking, colonial history and political philosophy.