URSB Bancorp Adds Seidman-Recommended Director Michael Hammer to Board and Two Committees
The incoming director brings registered-investment-advisory and brokerage experience along with prior service on two other community bank boards.
June 29, 2026
URSB Bancorp, the holding company for United Roosevelt Savings Bank, is adding a director put forward by community bank investor Lawrence B. Seidman. The company named Michael L. Hammer to its board on June 24, with his service set to begin July 29. The bank subsidiary made a parallel appointment to its own board effective the same date.
Once seated, Hammer will take positions on two key panels:
- the Audit Committee; and
- the Nominating/Corporate Governance Committee.
Those assignments place an investor-recommended nominee into the holding company’s financial oversight and into its process for vetting future directors. He joins a board class that URSB lists as having terms expiring in 2026.
A wealth-and-advisory background
Hammer’s career sits on the wealth and advisory side of finance. He is chief compliance officer and portfolio manager at Veteri Place Corporation, a registered investment adviser in Parsippany, New Jersey, and an independent registered representative of LPL Financial.
His résumé also includes earlier community bank board service. He previously sat on the boards of the former HV Bancorp and its Huntington Valley Bank subsidiary, where he served on the audit committee, and on the board of the former Simsbury Bank & Trust Company in Connecticut.
URSB reported no related-party transactions with Hammer above the $120,000 disclosure threshold. The appointment was signed by Chairman, President and Chief Executive Officer Kenneth R. Totten.
