2 longtime directors retire from Medina Savings & Loan
MEDINA – Charles Slack and his cousin John Slack both were recognized on Monday during the board of directors meeting at Medina Savings & Loan.
The two are retiring from their positions with Charles serving 37 years on the board, including 25 years as chairman. John gave 27 years to the organization.
Charles has worked in the insurance business and is co-owner of Slack Insurance with his son, Martin. John worked at Fisher-Price and is currently an adjunct professor for GCC in business and marketing.
Medina Savings & Loan has been in the community since 1888.
“We’re one of the few community-chartered banks left,” said Don Colquhoun, who was picked as the board’s new chairman on Monday. “The whole industry is getting rid of the little guy.”
Medina S & L serves Orleans County, eastern Niagara and northern Genesee. Colquhoun said the bank is in “very sound financial condition.”
Colquhoun, a retired executive director for The Arc of Orleans County, prefers the smaller banks to the bigger corporate conglomerates.
“In a small community, small is better,” he said. “We take the money the people deposit and invest it locally. It all stays local.”
The board of directors for the bank are pictured, from left, bottom row: Tim Moriarty (president), Katherine Bogan, Charles Slack, John Slack and Don Colquhoun. Top row: Jeanne Whipple, Craig Lacy, Kathleen Boice, James Gardner, Richard Barry and Ed Fancher.