News: Brokerage

Vision Hudson Valley honors Wynkoop of Walden Savings Bank

Shown (from left) are: Jackie Perez , VHV director of programming; Derrik Wynkoop, Walden Savings Bank president & CEO;
and Kaitlynn Lancellotti, VHV executive director.

Sugar Loaf, NY For almost three decades, Vision Hudson Valley (VHV) has selected an annual recipient who demonstrates an outstanding commitment to leadership and service in the Hudson Valley. Ruth and James Ottaway, prominent philanthropists, and quality-of-life advocates for whom the award was named, introduced institutions and programs that continue to have a broad local influence through VHV’s efforts.

Honorees demonstrate a similarly prolific impact, and this year’s recipient was and is well-deserving. Derrik Wynkoop received the prestigious honor at the Ottaway medal dinner, held on May 2nd, at The Barn at Villa Venezia.

Wynkoop is the president and CEO of Walden Savings Bank which celebrated its 150th anniversary in April 2022 as the 10th oldest mutual savings bank in the country. Walden Savings Bank is often recognized for its extensive involvement within the community, an example set under Wynkoop’s leadership. He  can be found supporting countless organizations and events throughout the community. His level of enthusiasm, engagement, and commitment to each of the causes he is involved with is truly representative of everything that Ruth and James Ottaway stood for.

Beyond leading the charge for community involvement within Walden Savings Bank, Wynkoop is a past chairman for the Community Foundation of Orange and Sullivan County, (and continues on the board since 2001) along with past chairman for the SUNY Orange Foundation (and continues on their board since 2010). He became a board member of the Orange County Partnership in 2016 and joined the Hudson Valley Patterns for Progress board of directors in 2020. Wynkoop is honorary co-chair for the fundraising campaign for the Food Bank of the Hudson Valley.

Wynkoop is also one of the founding directors for the Wallkill Valley Health Center (now an affiliate of Sun River Health of Peekskill) and serves as vice president. He is also a founding member of the Walden Community Council which still thrives today.

“Vision Hudson Valley was beyond excited to award the 2024 Ottaway Medal to Derrik. Besides his extensive body of work within the community, we were most impressed that Derrik continues to have a close relationship with and is an active supporter of each and every organization that he has been involved with,” said Kaitlynn Lancellotti, executive director. “We are very fortunate that Vision Hudson Valley will have the benefit of Derrik’s passion for giving back for years to come.”

Professionally Wynkoop has been appointed to a number of industry-related groups recognizing his expertise and leadership in his field. He currently serves as a member of the board of directors of the New York Bankers Association and in 2021 was appointed to the American Bankers Association’s Government Relations Council where he represents all banks in New York State on crafting national legislative banking priorities. He was also recently selected for board of directors for COCC, an industry leader providing banking technology solutions for over 600 banks and credit unions.

Vision Hudson Valley is honored to join so many others who have recognized Wynkoop’s lifetime of selfless service. He has earned many notable honors, including the Lifetime Achievement Award / Pillars of the Community Award from Cornerstone Family Healthcare, the Joseph A. Bonura Leadership Award by Mount Saint Mary College, and the “Friend of the Extension” award by Cornell Cooperative of Orange County. Most recently, Wynkoop and Walden Savings Bank were recognized by the Orange County Land Trust and Inspire for outstanding achievements within the community. His level of passion to his community and professional endeavors is truly remarkable and it is our privilege to award him the 2024 Ruth and James Ottaway Medal.

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking