Crain's New York Business Unveils Notable Women in Banking & Finance 2019


MAGDA SOUFFRONT / Vice President,
Marketing Manager / SAVOY BANK

Magda Souffront helped found Savoy Bank in 2008 and currently serves as its vice president and marketing manager. A native of the Dominican Republic, Souffront moved to New York as a teenager with her family. She spent 32 years at Citibank, where she started as an account officer and climbed her way to vice presidentin charge of branches. She left the firm in 2005 to help establish Savoy Bank, a community financial institution that focuses on local small businesses, particularly those owned by underserved members of the community. She previously served on the board of the Washington Heights and Inwood Development Corporation.


ELENA SISTI / Founder, Chairperson Emeritus
and member of board of directors

Elena Sisti became only the second female bank founder in New York City when she launched Savoy Bank in 2008. Now chairperson emeritus, Sisti sits on the bank’s board of directors, as well as its credit, asset-liability and audit committees. Prior to founding Savoy Bank, she spent 25 years with Citibank, where she served as director of strategic planning and head of an initiative to re-engineer the bank’s branchnetwork. Sisti serves her community as the treasurer and a board member of the Washington Heights/Inwood Development Corp., which helps entrepreneurs start new businesses in northern Manhattan.

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