Management Team

Philip A. Guarnieri

Chief Executive Officer

Philip Guarnieri is the Chief Executive Officer of Empire State Bank. In 2004, he was instrumental in the organization and the chartering of Empire State Bank, a bank providing commercial banking products and services to the communities in and around the Orange, Ulster, and Richmond counties of New York. Through Phil’s oversight and strategic planning, this start-up bank has grown to contain over $150 million in assets and has become a banking leader in the small business community.

With more than 33 years of banking experience, Phil’s distinguished banking career began at Hamilton Federal Savings FA as a customer service representative and as a teller. Phil’s dedication and professionalism quickly earned him promotions; he went on to hold positions such as Assistant Branch Manager, Assistant Vice President/Mortgage Officer, Vice President, and Branch Administrator during his 21 year tenure. After leaving Hamilton Federal Savings, Phil went on to serve as Vice President /Loan Origination at Home Federal Savings Bank and as Senior Vice President/Chief Lending Officer with The Yonkers SLA, FA. From 2002-2004, Phil then served as President /COO of Atlantic States Mortgage Corp. and was responsible for all facets of mortgage banking.

As an active member of the community, Phil is currently a director of the Empire State Bank Foundation, a director of the Community Fountain of Orange and Sullivan Counties, a director of the Grace Foundation of New York, a executive director of the Staten Island Economic Development Corporation, a director of the Staten Island Real Estate Board, a Board of Manager of the Staten Island YMCA, a director and member of the Small Business Committee of the Staten Island Chamber of Commerce, and a Financial Advisory Board member of the Dominican Sisters of Hope.

Phil is married with two children and is a resident of Staten Island. He received his B.A. in Banking and Finance from Hunter College before completing a continuing education program on Real Estate and Commercial Bank Lending at New York University.


Thomas P. Sperzel

President and Chief Operating Officer

Thomas has been engaged in the community banking industry for more than 20 years. Prior to being a community banker he spent years with a Big Five audit firm operating in the financial services space. As a community banker he has been successful in executing sound banking management as well as fostering and maintaining strong customer relationships while providing value to shareholders.

He served as Chief Financial Officer at Empire State Bank since 2009 and as Chief Operating Officer since 2013.

Mr. Sperzel holds a Certified Public Accountant license in the State of New York and an MBA in Bank Management. He also serves on the Board of Trustees of the Hudson Highlands Nature Museum and has been involved in various community service endeavors over the years.

He resides in northern New Jersey with his wife and two children.


Peggy Edwards

1st VP, Director of HR and  Corporate Secretary