Nationality United States Name Victor Richel | Alma mater Villanova University | |
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Victor M. Richel, is an American banking executive and philanthropist born on May 7, 1938 in Elizabeth, New Jersey. He is the current Chairman of the Board of Trustees at both Trinitas Health and Trinitas Regional Medical Center, as well as Chairman of the Board of Trustees at Union County College, New Jersey. In 2000, he founded the Richel Family Foundation with his wife Andrea.
Contents
- Education
- Early career
- Current Affiliations
- Civic Activity
- Richel Family Foundation
- Honors and awards
- References
Education
Richel completed his undergraduate studies at Villanova University in 1960. He then pursued additional studies in marketing and executive development at both Columbia University and Harvard University.
Early career
Richel was the Chairman of the Board and Chief Executive Officer of Statewide Savings Bank. He went on to become Chief Executive Officer and Chairman of the Board at Statewide Financial Corporation.
In 1996, Richel was appointed to the Banking Advisory Board of the New Jersey Department of Banking and Insurance, after a nomination by Governor Christine Todd Whitman.
Richel has also served on the board of Thrift Institutions Community Investment Corporation of New Jersey (TICIC), as well as the Board of the New Jersey Savings League.
Richel then went on to become the Vice Chairman of the Board at Independence Community Bank Corporation prior to its sale to Sovereign Bank in June 2006.
Current Affiliations
Richel is the Chairman of the Board of Trinitas Health and Trinitas Regional Medical Center. and the Chairman of the Board of Trustees of Union County College. In June 2016, the American Association for University Professors placed Union County College on its list of sanctions due to "serious departures by the administration and governing board from generally accepted standards of college and university government endorsed by the association." Despite the sanction, the Union County College administration, under Richel's stewardship, refused to investigate new practices at the college, to the consternation of a large portion of the faculty.
Richel is the Chairman, President & CEO of Dominion Partners, a financial investment, real estate partnership, and consulting organization that provides consultation to banks and companies throughout the world.
Additionally, he serves as Chairman of Westminster Properties, a development company and licensed as a New Jersey new home builder and property management group as well as Richel Commercial Brokerage.
Recently, Richel was nominated to the Board of Trustees at the Common Sense Institute of New Jersey in April 2013 and elected to the Board of Directors of Metuchen Savings Bank.
Civic Activity
Richel is the Chairman of the Board of Trustees, and member of the Board of Governors at Union County College. He is also the Chairman of the Board of Trustees at Trinitas Health and Trinitas Regional Medical Center (formerly known as Trinitas Hospital), as well as the past Chairman and President of the Friends of the Child Advocacy Center of Union County.
Richel also serves on the Board of Elizabethtown Healthcare Foundation. He is a member of the Two Hundred Club of Union County and the Union County Crime Stoppers, and is a Trustee of John Cabot University in Rome.
Previously, he served as a Trustee at the Garden State Cancer Center, as well as, at Pace University’s Lubin School of Business and the St. Peter’s College Board of Regents.
Richel Family Foundation
The Richel Family Foundation is a charitable organization founded by Richel and his wife Andrea. The Foundation’s goals are to support the socio-economic needs of the citizens within Union County and New Jersey. Their children and their spouses: Sue and Ed Marchelitis, Dave and Heather Richel, and John & Kim Richel are Members and Trustees of the Foundation.