Francesca Kracht Named Senior Vice President, Chief Risk Officer

Francesca Kracht was named Senior Vice President, Chief Risk Officer of Thomaston Savings Bank. Kracht transitioned into this role following the retirement of former SVP, Chief Risk Officer, Nancy O’Donnell.

Francesca joined the Bank 15 years ago as Assistant Vice President, Compliance/BSA Officer. She has held various positions of increasing responsibility throughout her time with the Bank. Francesca most recently served as Vice President, Senior Project Officer, and had been in that position since 2016. In her new role, Ms. Kracht is responsible for oversight of the Bank’s Risk, Compliance, Bank Secrecy Act/Anti-Money Laundering, Project Management and Information Security areas. 

“I am pleased to have Francesca move into the Chief Risk Officer role. She was not only an integral part in establishing our Project Management area but also provides dedicated leadership to the Risk Department. Very well deserved, congratulations!” – Stephen Lewis, President & CEO, Thomaston Savings Bank

Francesca played an instrumental part in completing the Bank’s core conversion in 2013 and spearheaded the formation of the Project Management area of the Bank’s Risk Department in 2016. She was named a New Leader in Banking by the Connecticut Bankers Association in 2017 for her outstanding work at the Bank and is a graduate of the Connecticut School of Finance and Management.

Francesca is an active member of the community serving as a Board Member for the Town of Litchfield Board of Ethics and The Paige J. Batten Memorial Scholarship Fund. She previously served on the Board of Litchfield Tri-Town Youth Baseball & Softball Little League as well as the Northwest CT Chamber of Commerce. She resides in Litchfield with her two children Olivia and Russell.