The Federal Savings Bank, a privately held, federally chartered bank focused on residential lending, recently announced it hired Michael MacDonald as its new chief information officer.

MacDonald brings 22 years of experience with him to the company where he used his information technology background to reduce costs, improve performance and serve customers.

In his new role, MacDonald will be a member of the senior management team, and is responsible for overall strategic IT decision and the daily IT direction of the bank. He will also look for new and creative ways to use technology to make mortgage and banking transactions safe and efficient for customer.

“Michael will be an extremely important part of the continued growth of The Federal Savings Bank,” said Steve Calk, The Federal Savings Bank chairman and CEO. “As the Bank opens more offices and explores new lines of business, we will rely on his expertise in the technology sector to expand in a safe and sound manner.”

Previously, MacDonald was an executive at Banco Popular for 13 years. His responsibilities there included leading the U.S. banking subsidiary’s IT division and overseeing business intelligence, infrastructure and security for the U.S. and Puerto Rico banking divisions.

“I look forward to focusing on continuing to build IT governance processes, policies and procedures to ensure the Bank operates the technology environment with the highest service levels in a secure and cost-effective manner to serve customers, support business growth, and satisfy regulators and investors,” MacDonald said.

FSB