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Management Team

Institutional Banking in Boston, MA - Management Team
Patrick Dignan, Managing Director and Chief Credit Officer

Patrick Dignan is responsible for directing the credit policies of Northeast Bank, managing all loan underwriting and due diligence activities, and chairing the loan approval committees for both the Community Banking Division, and the Loan Acquisition and Servicing Group. Prior to joining Northeast Bank in 2010, Mr. Dignan was a Senior Vice President and Director of Real Estate at Capital Crossing Servicing Company and its predecessor firms: Capital Crossing, a Division of Lehman Brothers Bank, and Capital Crossing Bank.

While at Capital Crossing, Mr. Dignan played a central role in the development of its loan acquisition platform, and held senior positions in the loan acquisition and loan servicing areas. Prior to joining Capital Crossing in 1998, Mr. Dignan was a real estate consultant with Paragon Property Analysis, and R.M. Bradley Real Estate in Boston. He is involved with youth sports and municipal boards and committees in his hometown. Mr. Dignan holds a B.A. in Philosophy from St. John’s College, is a Fellow of the Royal Institute of Chartered Surveyors, and a member of the Counselors of Real Estate.

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David Ellingrud, Managing Director

Dave Ellingrud focuses on sourcing and underwriting loan acquisition and servicing opportunities in the Loan Acquisition and Servicing Group. Prior to joining Northeast Bank, he was a Director at CarVal Investors, a value-oriented alternative asset fund. While at CarVal Investors, he underwrote and managed investment opportunities in the secondary commercial whole loan market, as well as developed, negotiated, and managed relationships with third party loan servicers. Prior to working at CarVal Investors, Mr. Ellingrud was a Senior Business Analyst at McKinsey & Company in their New York office.

He received his M.B.A. from Harvard Business School, and his A.B. in Applied Mathematics from Dartmouth College.

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Christopher Hickey, Managing Director

Christopher Hickey is the Director of Asset Management at Northeast Bank, overseeing all aspects of the Bank’s commercial and managed loan portfolios nationwide.  With over 22 years of experience in banking and asset management, he possesses an extensive loan servicing background, completing or overseeing a wide range of resolution transactions all across the country and including most asset classes.  He is also experienced in foreclosure, liquidation and bankruptcy proceedings.

Prior to joining Northeast Bank in 2010, Christopher held various senior management positions at Capital Crossing Servicing Company and its predecessor firms, most recently as a Senior Vice President and Director of Asset Management.  Prior to joining Capital Crossing in 1998, he worked at the former Bank of New England, Recoll Management, and Fleet National Bank.  He holds a B.A. in history from Bates College in Lewiston, Maine.

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James Krumsiek, Esq., Managing Director

Jim Krumsiek is Legal Counsel at Northeast Bank, and has practiced law in Massachusetts for over 20 years. Prior to joining Northeast Bank in 2011, he was in private practice in Boston with the firm of Perry, Krumsiek and Jack, LLP, where his practice focused primarily on commercial transactions, including acquisitions, refinances, and restructuring of debt secured by real and/or personal property. Prior to joining Perry, Krumsiek and Jack, LLP, Mr. Krumsiek was in-house counsel to Capital Crossing Bank in Boston.

Before joining Capital Crossing in 2000, he was in private practice with several firms later became a partner at Riemer & Braunstein, LLP. Mr. Krumsiek holds a J.D. from the University of Notre Dame in South Bend, IN, and a B.A. from the College of the Holy Cross in Worcester, MA.  He was admitted to the Massachusetts Bar Association in 1989 and the United States District Court of Massachusetts in 1990.

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Justin Wahls, Managing Director

Justin Wahls focuses on sourcing and underwriting loan acquisition and servicing opportunities in the Loan Acquisition and Servicing Group. Prior to joining Northeast Bank, he was a Vice President at CarVal Investors, a value-orientated alternative asset fund. While at CarVal Investors, he underwrote and managed investment opportunities in the secondary commercial whole loan market, as well as developed, negotiated, and managed relationships third party loan services.

Prior to working at CarVal Investors, Mr. Wahls was an Associate with Lake Pacific Partners, a middle-market private equity firm. He received his M.B.A. from the Wharton School of the University of Pennsylvania and a B.S. in Accountancy from the University of Illinois.

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Brian Fenwick, Senior Vice President

Brian Fenwick is the Director of Loan Underwriting, managing all aspects of credit underwriting in connection with loan purchases and originations in the Loan Acquisition and Servicing Group.  Prior to joining Northeast Bank in January, 2011, Mr. Fenwick was an Assistant Vice President at Capital Crossing Servicing Company and its predecessor firms: Capital Crossing, a Division of Lehman Brothers Bank, and Capital Crossing Bank.

While at Capital Crossing, Mr. Fenwick worked in business development, underwriting and asset management.  Before joining Capital Crossing, Mr. Fenwick was an Account Executive at GreenPoint Mortgage Funding, a subsidiary of Capital One.  Mr. Fenwick graduated from Trinity College in Hartford, Connecticut with a B.A. in Economics in 2002.

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Lindsay Guttell, Vice President

Lindsay Guttell is a senior Asset Manager in the Loan Acquisition and Servicing Group, and also assists in loan underwriting.  Prior to joining Northeast Bank in January of 2011, Ms. Guttell was an Assistant Vice President at Capital Crossing Servicing Company and its predecessor firms: Capital Crossing, a Division of Lehman Brothers Bank, and Capital Crossing Bank.

While at Capital Crossing, Ms. Guttell managed a portfolio of distressed real estate loans and performed loan underwriting in connection with the loan purchasing due diligence process.  Ms. Guttell graduated from the University of Massachusetts in Amherst, Massachusetts with a B.B.A. in Finance in 2005.

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Theresa Morrison, Senior Vice President

Theresa Morrison is the Director of Real Estate Valuation, managing all aspects of commercial real estate valuation in connection with loan originations, acquisitions, and servicing.  Prior to joining Northeast Bank in April, 2010, Ms. Morrison was a Vice President at Capital Crossing Servicing Company and its predecessor firms: Capital Crossing, a Division of Lehman Brothers Bank, and Capital Crossing Bank.

While at Capital Crossing, Ms. Morrison held a senior position in the Real Estate Department, managing real estate due diligence projects for loan portfolio acquisitions, as well as an ORE portfolio. Prior to working at Capital Crossing, Ms. Morrison was an associate at JPMorgan Chase in New York.  Ms. Morrison graduated from George Washington University in Washington, DC, with a B.B.A. in Finance in 1999.

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Sarah Shomphe, Vice President

Sarah Shomphe is the Director of Owned Real Estate, and also works closely with loan acquisition pipeline management.  Prior to joining Northeast Bank in April, 2010, Ms. Shomphe was an Assistant Vice President at Capital Crossing Servicing Company and its predecessor firms: Capital Crossing, a Division of Lehman Brothers Bank, and Capital Crossing Bank.

While at Capital Crossing, Ms. Shomphe worked in the Real Estate Department, performing real estate due diligence and managing a portfolio of owned real estate.  Prior to working at Capital Crossing, Ms. Shomphe served as Senior Associate at Taymil Partners LLC, a New England-based multifamily investment and management company.  Ms. Shomphe graduated with a B.S. in Economics from The Wharton School at the University of Pennsylvania in 2002.

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Kelly Reardon, CPA, Vice President, Director of Credit Administration

Kelly Reardon manages the credit administration function for the Loan Acquisition and Servicing Group, as well as the Community Banking Division. She was formerly with Wolf and Company P.C., a public accounting firm which specializes in the banking industry, as a Senior Internal Auditor.

Kelly holds a BA from Mount Holyoke College and an MS in Accountancy from Bentley University.

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Michael Allen, Vice President, Asset Management

Michael Allen is a senior Asset Manager in the Loan Acquisition and Servicing Group, and also assists in loan underwriting. Prior to joining Northeast Bank in January of 2013, Michael was an Assistant Vice President at Allied Irish Banks (AIB) based in Dublin, Ireland. While at AIB, Mr. Allen managed a portfolio of distressed commercial real estate loans across various asset classes with a focus on debt restructuring.

Prior to working at AIB, Michael worked as an Asset Manager at Greystone Bank in New York City. He graduated from University College Dublin, Ireland with a B.B.L.S in Business and Legal Studies in 2005.

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Meaghan Giansiracusa, Vice President, Director of Commercial Loan Processing

Meaghan Giansiracusa is responsible for the Commercial Loan Processing team, managing processing requirements for originated loans within LASG and the Community Bank and also oversees the administrative support for LASG’s loan acquisitions.  Prior to joining Northeast Bank in July 2011, Meaghan was an Operations Manager at Taymil Partners LLC, a small commercial real estate investment and management firm specializing in multifamily assets.

While at Taymil Partners LLC, she oversaw Human Resources, Information Technology, Insurance and Investor Relations.  In addition, she worked closely with the Principal completing acquisition due diligence and securing financing/refinancing existing assets.  Meaghan graduated from Simmons College with a B.A. in Economics and Spanish.

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