ESQUIRE FINANCIAL HOLDINGS, INC. APPOINTS RAYMOND KELLY AS A BOARD MEMBER

Rhea-AI Summary

Esquire Financial Holdings (NASDAQ: ESQ) has appointed Raymond Kelly to its Board of Directors, effective June 6, 2025. Kelly brings over 40 years of financial services experience, specializing in banking consulting and tax services. His most recent role was as a tax services partner at RSM US LLP, and he previously held positions at Marcum LLP, North Fork Bancorporation, and KPMG. Kelly's expertise spans strategic planning, audit, tax, compensation, and governance matters in the banking sector. Chairman Tony Coelho and CEO Andrew Sagliocca both emphasized Kelly's extensive industry experience and strategic insights as valuable additions to the board.

Positive

• Appointment of a highly experienced financial professional with 40+ years of industry expertise
• Addition of comprehensive banking, tax, and regulatory knowledge to the board
• Strengthening of corporate governance with expertise in strategic planning, audit, and compensation matters

Negative

• None.

News Market Reaction

+0.67%

1 alert

+0.67% News Effect

On the day this news was published, ESQ gained 0.67%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

JERICHO, N.Y., June 9, 2025 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the financial holding company for Esquire Bank, National Association ("Esquire Bank" or the "Bank") (collectively "Esquire"), today announced that Raymond Kelly was appointed to the Boards of Directors of both the Company and the Bank, effective June 6, 2025. 

Mr. Kelly is a seasoned banker and tax professional with more than 40 years of experience in the financial services industry, providing consulting and tax services to the banking industry as well as compensation and strategic banking advice to clients. Mr. Kelly recently retired from RSM US LLP ("RSM") where, as a certified public accountant, he was a tax services partner for more than 10 years. Prior to joining RSM, Mr. Kelly was a tax partner at Marcum LLP, a senior vice president at North Fork Bancorporation, Inc., and a senior tax manager at KPMG.

"Mr. Kelly's extensive and comprehensive experience in the financial services sector, including his insight into various strategic, audit, tax, compensation, and governance issues, makes him an ideal addition to our Board of Directors," said Tony Coelho, Chairman of the Board.

"Mr. Kelly's unique and practical perspective into the banking business, coupled with his regulatory and SEC experience, will add value to our Board and Company," added Andrew C. Sagliocca, Vice Chairman, Chief Executive Officer and President.

"I am honored to join the Board of an exceptional financial institution that provides high-quality services on a national basis enabled by innovative technology," said Mr. Kelly.

About Esquire Financial Holdings, Inc.

Esquire Financial Holdings, Inc. is a financial holding company headquartered in Jericho, New York, with one branch office in Jericho, New York and an administrative office in Boca Raton, Florida. Its wholly owned subsidiary, Esquire Bank, National Association, is a full-service commercial bank dedicated to serving the financial needs of the legal industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area. The bank offers tailored products and solutions to the legal community and their clients as well as dynamic and flexible payment processing solutions to small business owners. For more information, visit www.esquirebank.com.

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SOURCE Esquire Financial Holdings, Inc.

FAQ

Who is Raymond Kelly and what is his role at Esquire Financial Holdings (ESQ)?

Raymond Kelly is a seasoned banker and tax professional with over 40 years of experience who was appointed to the Board of Directors of Esquire Financial Holdings and Esquire Bank on June 6, 2025.

What is Raymond Kelly's professional background before joining ESQ's board?

Kelly was previously a tax services partner at RSM US LLP, a tax partner at Marcum LLP, senior vice president at North Fork Bancorporation, and a senior tax manager at KPMG.

What expertise does Raymond Kelly bring to Esquire Financial's board?

Kelly brings expertise in banking consulting, tax services, strategic planning, audit, compensation, and governance matters, along with regulatory and SEC experience.

When did Raymond Kelly join Esquire Financial Holdings (ESQ) board?

Raymond Kelly was appointed to the Boards of Directors of both Esquire Financial Holdings and Esquire Bank, effective June 6, 2025.