Alumni Profiles – Kannas

Alumni Profiles

Sarah Kannas ’03

Sarah has not only accomplished a lot professionally, but also personally as a wonderful mother of two young children.  From her advancement at Savings Institute to her volunteer activities with Eastern Connecticut State University, Sarah has made many contributions along the way, and is establishing herself as a leader in the Connecticut banking industry.

Sarah has been a significant asset to the Bank since joining Savings Institute in July 2007 as Manager of Internal Audit.  One of her major contributions to the Bank, was to oversee the implementation and administration of an enterprise-wide audit program under the direction of the Audit & Risk Committee of the Board of Directors.  Sarah created an audit plan to monitor the effectiveness of the Bank’s internal controls of all critical functions in compliance with Bank policies, generally accepted accounting principles and regulatory standards.  Her work also demonstrated that she is exceptionally adept and comfortable with technology.  As such, she was able to implement software solutions that improved efficiency and reduced costs within the audit function.  In conjunction with several other senior executives, Sarah played a significant role in the development of the Bank’s risk identification and mitigation strategies, including a defined methodology for developing and monitoring the risk profile of the Bank’s vendors.

Her success as Manager of Internal Audit, coupled with her CPA designation, made her a natural choice to become the Bank’s Director of Finance in March 2015.  In this role, Sarah is responsible for providing accurate and timely financial reporting for the Bank’s parent holding company to the Securities & Exchange Commission and the Federal Reserve Bank.  In addition, Sarah also manages the Bank’s state and federal income tax function and provides oversight of the institution’s investment portfolio and money position.

Sarah joined the Board of Directors of the Eastern Connecticut State University Alumni Association in 2013, and was elected as Treasurer of the Association this past June.  As Treasurer, Sarah is responsible for ensuring the Alumni Association remains compliant with respect to its 501(c)(3) status, reviewing quarterly and annual budget reports and providing input into the distribution of Alumni Association reserves earmarked for student scholarships.  Sarah is also involved in student outreach through Eastern’s student Accounting Society, as well as, participated along with other select alumni in Eastern’s Student Leadership Development Program.

Sarah is focused, engaged and innovative, and is an outstanding example of the type of leader who will move the Connecticut banking industry into the future.