David L. Costello III (Dave) is President and CEO of Arundel Federal Savings Bank and one of the bank's board of directors. Dave has over 30 years of community bank experience in executive management, finance and operations. As CEO, Dave focuses on board and employee communications, strategic planning, goal setting, performance improvement, and governance matters. Dave is a CPA and began his career in public accounting with Ernst & Young. He earned a Master’s in Business Administration from The University of Baltimore and a Bachelor of Science in Accounting from Florida State University.
Dave is a member of the Board of Directors for the Northern Anne Arundel County Chamber of Commerce and is also a Director for MBA Solutions, the for-profit subsidiary of the Maryland Bankers Association. He is active in Financial Executives International, an organization of senior financial executives, and has held various leadership positions in the Baltimore Chapter, including President of the Chapter in 2003. Dave previously served as the Board Chair of Roland Park Place, a 260 unit 501(c)(3) Continuing Care Retirement Community in the city of Baltimore from 2011 to 2013, having served as a board member from 2006 to 2013.
Dave and his wife Robyn live in Baltimore County.