Events and Education

Executive Council


Thomas J. Gallagher
President & CEO
Peoples Trust Company
Kathryn (Kathy) M. Austin
First Vice Chairperson
President & CEO
Community National Bank


Thomas J. Gallagher became the President and CEO of the Peoples Trust Company in September of 2011.  Prior to his appointment, Tom served as the bank’s Senior Vice President and Senior Commercial Loan Officer and has held various positions within the institution during his 15 year career.  Tom continues to participate on his family’s farm. An Accounting graduate of Champlain College, Tom has served on various community oriented boards including the United Way and St. Albans Rotary Club.   




Kathryn (Kathy) M. Austin has worked at Community National Bank for over 35 years, most recently serving as Executive Vice President and Chief Operating Officer with oversight of the bank’s retail operations. Mr. Marsh stated, “Kathy has a long history of increased responsibility and has played a substantial role in the bank’s continued growth. She has unique leadership qualities that will serve her well in her new position.”

Kathy is a graduate of the New England School of Banking at Williams College and the Stonier Graduate School of Banking. She also is a past recipient of the Outstanding Community Banker Award presented by the Vermont Bankers Association. Kathy currently serves as Board Chair of North Country Health Systems and is a member of the Board of Directors of the Northwoods Stewardship Center and the Newport Age-Friendly Advisory Council. Kathy and her husband Shawn.



Philip R. Daniels
Vermont Market President
TD Bank

Philip R. Daniels is Market President for Vermont/Upstate New York. He began his banking career at Howard Bank in 1982 as a management trainee. After serving in roles of increasing responsibility, he eventually became president of Howard Bank, and later served as president of Banknorth Vermont.   

Mr. Daniels is a member of various bank action committees and is involved in several community initiatives, including Chair of the Vermont Chamber of Commerce board, Founding member of the Vermont Chamber of Commerce Foundation, Board member of the YMCA, Co-chair of the YMCA capital campaign, Member Vermont Business Roundtable, Member Early Promise Advisory Board for the Boys and Girls Club, Member University of Vermont Cancer Center Community Advisory Board and The University of Vermont Medical Center Foundation. 

In 2004, Mr. Daniels was named the Distinguished Citizen of the Year by the Boy Scouts of America; in June 2005, he was recognized as Vermont’s Community Banker of the Year; and June 2009, he received the prestigious Multiple Sclerosis Hope Award for outstanding civic and community service. Mr. Daniels is a graduate of the University of Vermont.


 Executive Council Members


David S. Silverman is President, Chief Executive Officer and a Director of Union Bankshares, Inc., the holding company for Union Bank in Morrisville, VT. He joined the Bank in 1985 as management trainee working his way to Senior Vice President, Senior Lender and his current position as President and CEO. He earned his B.A. in Business Management from Johnson State College and is Vice President of the Lamoille Economic Development Corporation. His community activities include: Board Chair of the Copley Professional Services Group d/b/a Community Health Services of Lamoille Valley for 8 years; Treasurer and Executive Committee member of the Stowe Area Association for 5 years; Member of the Morristown/Morrisville Development Review Board for 10 years; Board Member of the Lamoille County Mental Health; and Electric Department Commissioner for the Town of Hardwick.

Matthew K. Durkee is New England President and oversees the Mortgage Division of NBT Bank since he began with the bank in 2009. Before joining NBT he was Senior Vice President of Regional Financial Services and President of Chittenden Canada for People’s United Bank and its predecessor, Chittenden Bank. He began working for Chittenden in 1985. Over the years, he oversaw functions related to commercial banking, international banking and consumer banking as well as corporate trust and insurance services. A resident of Williston, Vt., Durkee has a bachelor’s degree in business administration from Green Mountain College and a graduate degree, “with honors” in banking from ABA's Stonier Graduate School of Banking.


Donald L. Baker, Jr. is Market Manager of KeyBank, N.A. in Vermont. His primary responsibilities include directing a team of bankers and leading the bank's business development and relationship management efforts with institutions and companies with annual sales of $3 million to 500 million in Vermont, northeastern New York, New Hampshire, western Massachusetts, and Quebec, Canada.

Baker has worked in the bankin industry for thirty-one years, including the past 29 years with KeyBank in Vermont. Throughout his tenure, he has been a trusted advisor to a large and diverse portfolio of clients that range from small businesses to large corporations and institutions. He has extensive experience in managing successful commercial banking teams and structuring complex debt transactions.

Baker holds a Bachelor of Science in Administrative Science from Colby College and a Master of Science in Administration from St. Michael's College.

He serves on the Boards of the Lake Champlain Regional Chamber of Commerce and the Greater Burlington Multicultural Resource Center. He is also a volunteer coach for youth sports organizations in Essex, VT.

Judy Lavely is Chief Financial and Operating Officer of Wells  River Savings Bank, where she has worked for 11 years.  She has held various positions during her 38+ year career of community banking at Vermont banks.  She graduated summa cum laude from Johnson State College in Johnson, Vermont with a degree in Business Administration, attended the Northern New England School of Banking at Durham, NH and has acquired several diplomas and certificates through the American Institute of Banking (now CFT).  Judy has served on various community oriented boards including Lyndon State College Foundation, Jay-Lyn Revolving Loan Fund and Lyndonville Rotary Club.  Judy resides in Danville, Vermont with her husband David. 

Michael L. Seaver currently serves as Vermont President of People’s United Bank; a $31 Billion diversified financial services company based in Bridgeport, Connecticut.  Michael's 32-year banking career began in 1981 when he joined Chittenden Bank after graduating from Saint Michael's College in Colchester, Vermont with a Bachelor of Science in Business Administration. Michael is a member of the Board of Saint Michael’s College, Shelburne Museum and the Vermont Business Roundtable.  He is also a Trustee of Mayo Healthcare, Inc. in Northfield, Vermont.  He is Past Chair and a member of the Executive Committee of the Vermont Bankers Association, as well as Vice President of the Board of United Way of Chittenden County.