Robert P. Weisz of RPW Group Elected to Board of Directors of Community Mutual Savings Bank

July 6, 2010 - PRLog -- CMS Bancorp., Inc. , the parent company of Community Mutual Savings Bank, has announced the election of prominent real estate developer Robert P. Weisz  to the CMS Bancorp’s and Bank’s Board of Directors.

Mr. Weisz is Chairman and Chief Executive Officer of the RPW Group, one of the region’s leading real estate organizations. With more than 2 million square feet of commercial space in Westchester and Fairfield counties, RPW Group is the largest private owner of Class “A” office buildings in Westchester County, as well as one of the largest land holders owning in excess of 200 acres in Westchester. The company is a fully integrated real estate organization providing ownership, in-house management, construction, and maintenance of all of its buildings. The company’s office portfolio includes 800 Westchester Avenue, 440 Mamaroneck Avenue, 1133 Westchester Avenue, 760 Westchester Avenue, 2975 Westchester Avenue and 399 Knollwood Road.

Mr. Weisz serves on the Board of Directors of the Westchester County Association, New Rochelle Police Foundation, Arts of Westchester, Mount Vernon Chamber of Commerce.
He is also Chairman of the Board of Reaching U, non-profit organization located in the U.S. which works for low-income mothers and children in Uruguay. He has received numerous awards including 2008 Family Services of Westchester - Family of the Year; 2007 Journal News - Business Leader of the Year; 2007 UJA - Westchester Business and Professional Leaders; United Way - Man of the Year for initiative and concern for the social and economic betterment of the Community, New Rochelle Chamber of Commerce - Man of the Year; and BOMA Westchester Developer of the Year.

Mr. Weisz, who was born in Montevideo, Uruguay, arrived in the U.S. in 1977 and began his career as a furniture wholesaler with national distribution. After acquiring several warehouses to house his furniture business, he sold the business to continue purchasing commercial buildings which led to forming his own real estate company. Mr. Weisz holds a degree in Business Administration from Getulio Vargas Foundation in San Paulo, Brazil. He is a resident of Greenwich, CT.

“Robert Weisz is a valuable addition to our Board of Directors. He brings to the Board a wealth of experience and knowledge of the Westchester area real estate community. Throughout his distinguished career he has demonstrated a steadfast dedication to serving the local community. We look forward to his insight and leadership,” said Thomas G. Ferrara, Chairman of the Board of Directors of Community Mutual Savings Bank.

Forward-Looking Statement

This press release may include certain forward-looking statements based on current management expectations. Readers should not place undue reliance on any such forward-looking statements contained in this press release, which speak only as of the date made. Factors of particular importance to CMS Bancorp, Inc. include, but are not limited to: (i) changes in general economic conditions, including interest rates; (ii) changes in conditions in the real estate market or the local economy; (iii) competition among providers of financial services; (iv) changes in the quality or composition of loan and investment portfolios of the Bank; (v) changes in accounting and regulatory guidance applicable to banks; and (vi) price levels and conditions in the public securities markets generally. These factors could affect CMS Bancorp’s financial performance and could cause the actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. Neither CMS Bancorp nor the Bank undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

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Community Mutual Savings Bank provides a wide range of banking products and services to the retail consumer and small business customers including residential and commercial real estate loans, consumer loans and small businesses loans primarily in Westchester, Dutchess and Putnam Counties as well as Fairfield County, CT. In April 2007, Community Mutual Savings Bank converted from a mutual savings bank charter to a stock company. The holding company, CMS Bancorp, Inc. is publicly traded on NASDAQ under the ticker symbol “CMSB”.

Community Mutual Savings Bank has branches in Eastchester, Greenburgh, Mount Kisco, Mount Vernon and West Harrison. The Bank's corporate offices are located in White Plains.