Management team members Steve Carpinella & Jeff Nolan to assume the roles of Managing Directors; Tim Telman joining as Executive Advisor

Brockton, MA – Kevin Henkin, Chief Executive Officer of Cobblestone Management, LLC and a leader in the banking and bank risk industry has announced that he is stepping down as CEO effective April 27, 2018 for personal reasons. Cobblestone is a strong and vibrant industry leader in credit risk management services and Henkin’s decision to resign is no reflection on his experience at the company.

“When I joined Cobblestone Management in 2015 the company was already a deeply successful loan review and risk management firm,” Henkin said. “In the time since, we have expanded our geographical reach and, more importantly, broadened our services to include underwriting support, credit training and all facets of stress testing as well as new solutions offerings in CECL and Enterprise Risk Management. Cobblestone serves the needs of its clients now better than ever. I am proud to have led an amazing team of credit risk professionals who will continue to lead the company forward in exciting new ways.”

Cobblestone Management Chairman and Director, Roland Bullard stated, “I want to thank Kevin for his years of service and leadership as the head of Cobblestone Management. Although disappointed to lose such an experienced leader, we understand his reasoning and respect his privacy. We wish him all the best in his future endeavors and will count on his advice on our ongoing product innovations. ”

As Mr. Henkin transitions away from Cobblestone, he will pass his responsibilities on to key members of the management team, Steve Carpinella and Jeff Nolan, who will be stepping into leadership roles. Mr. Carpinella and Mr. Nolan will now serve as Managing Directors. They both bring excellent management and relationship experience that will continue to drive Cobblestone’s commitment to high quality and product innovation. They have both worked closely with Henkin as he prepared them for this exciting advancement. “Steve and Jeff are extremely talented and seasoned credit risk experts. I am excited for them both in this next step in their career,” said Henkin.

As part of this transition, Cobblestone also announced that Tim Telman, the Founder and former President and CEO of Bank of Cape Cod, will assist Jeff and Steve as Executive Advisor. Tim brings extensive industry expertise and knowledge to the team. Cobblestone Directors, Roland Bullard and Harry Hayman, will continue their direct involvement, working with Tim, Steve and Jeff.

For more information about our management team click here.

Cobblestone Management Announces Creation of Advisory Council

Cobblestone Management, LLC., (Cobblestone) a leading provider of credit risk management services to community-oriented financial institutions in New England today announced the creation of an Advisory Council to provide strategic guidance and direction to Cobblestone Management and fuel its growth. Read more…

Cobblestone Management and Strategic Risk Associates Forge Strategic Alliance

Cobblestone Management, LLC., (Cobblestone) a wholly owned operating entity of PNB-LLC and a leading provider of credit risk management services to community-oriented financial institutions in New England today announced a strategic alliance with Strategic Risk Associates, LLC., (SRA) a market leader in Enterprise Risk Management (ERM) software and services. Read more…

COSO’s ERM Framework Has Fresh Paint, New Open Concept

I remember in college, I’d turn in a paper and feel a sense of relief knowing that I never had to look at it again. Feedback from the instructor was informative but required no further action. Man, do I miss that. Don’t you? I’m sure PwC, who authored the COSO Enterprise Risk Management (ERM) Framework…….

White Paper

Community based financial institutions are benefiting from the resurgence in the hospitality industry. Read about the impact of this resurgence and how it might help fuel your growth in this white paper from lead analyst Jeff Nolan. Download the white paper.

Success Stories

Problem Definiton

Prior to engaging the services of Cobblestone Management, this community bank was experiencing very strong growth levels in its commercial real estate portfolio and was approaching a 300% level of CRE in relation to capital, yet the bank hadn’t increased any of its CRE portfolio oversight. Following a regulatory Safety & Soundness exam, the bank was put under order to satisfy the regulatory requirements pertaining to institutions with identified CRE concentrations. … Read More



You have invested in technology tools for risk assessments. You use multiple tools and formats across the enterprise to compile risk assessments and are preparing for a regulatory examination. But, is your risk assessment results providing you timely, actionable intelligence for your board and executives to make the right strategic, risk decisions to grow your franchise?

Click on the link below to get insights on Board Governance and Reporting for Enterprise Risk Management.


The deadline for CECL transition is approaching fast. While you might think it is not until early 2020 that you need to be ready by, our experience tells, you need to start soon as the data requirements and clean up to support the three CECL models are daunting and time consuming.

If you are NOT thinking about it already, you are behind. There are three separate CECL models – Discounted Cash Flow (DCF), Vintage, PD-LGD with different data requirements.  Learn about the data requirements for these CECL models by clicking on the link below.


Your bank needs to grow its balance sheet in a safe and sound manner. Managing commercial real estate concentrations effectively, and to the satisfaction of regulators, has become the primary credit risk challenge facing community banks. Listen to Cobblestone Management CEO Kevin Henkin provide his analysis and insights on best practices in managing CRE concentrations.

Economic Summit

The 2016 Annual Economic Summit was a huge success thanks in part to the participation of many community financial institutions from across the New England states. If you missed the opportunity to attend in person and hear the expert panel, feel free to download the entire presentation below. Please email to schedule a review of the material.