Esquire Financial appoints Raymond Kelly to its board

JERICHO, N.Y. – Esquire Financial Holdings, Inc. (NASDAQ: ESQ), the parent company of Esquire Bank, has announced the appointment of Raymond Kelly to its Boards of Directors for both the Company and the Bank, effective last Monday. Kelly joins the company during a period of strong performance, with InvestingPro data showing a remarkable 94% return over the past year and the stock trading near its 52-week high of $92.50. Kelly brings over four decades of experience in the financial services industry to his new role.

His career spans numerous senior positions, including over ten years as a tax services partner at RSM US LLP and previous tax partner roles at Marcum LLP. Kelly also served as a senior vice president at North Fork Bancorporation, Inc. and a senior tax manager at KPMG. His expertise covers consulting and tax services for banking, as well as strategic and compensation advice.

Tony Coelho, Chairman of the Board, highlighted Kelly’s extensive background in audit, tax, compensation, and governance as key factors in his appointment. Andrew C. Sagliocca, Vice Chairman, CEO, and President of Esquire, also noted Kelly’s practical banking perspective and regulatory and SEC experience as valuable assets to the Board and Company.

In response to his appointment, Kelly expressed his honor in joining the Board of Esquire, which he described as an exceptional financial institution with national reach, supported by innovative technology.

Esquire Financial Holdings, headquartered in Jericho, New York, operates Esquire Bank, a commercial bank that caters to the legal industry and small businesses nationwide, as well as offering commercial and retail banking services in the New York metropolitan area. With a market capitalization of $722 million and revenue growth of nearly 15%, the bank has established itself as a growing player in the financial sector. According to InvestingPro analysis, the company maintains a "GREAT" financial health score, reflecting its strong operational performance. The bank prides itself on providing specialized products and solutions for the legal community and their clients, alongside payment processing solutions for small business owners.

This move comes as part of Esquire’s ongoing efforts to strengthen its leadership team and enhance the strategic direction of the company. Based on InvestingPro Fair Value analysis, the stock appears to have additional upside potential, making it an interesting consideration for value-focused investors. The information regarding Kelly’s appointment is based on a press release statement from Esquire Financial Holdings, Inc.

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