Updated March 27 at 12:27am

Mass. Bankers Association elects executives


BOSTON – The Massachusetts Bankers Association has elected 10 executives to serve in new positions on its board of directors. These executives include:

Chairman of the board: Dorothy A. Savarese, president, Cape Cod Five Cents Savings Bank, Orleans.

Vice chairman: Michael E. Tucker, president, Greenfield Co-operative Bank.

Treasurer: Richard E. Holbrook, chairman, Eastern Bank, Boston.

Immediate past chairman: Norman S. Seppala, president, Granite Savings Bank, Rockport.

At-large directors: Richard K. Bennett, president, Marlborough Savings Bank; John D. Doherty, chairman, Central Cooperative Bank, Somerville; Richard E. Bolton Jr., South Shore Savings Bank, president; John Boucher, president, LowellBank, South Weymouth; Dennis L. Parente, president, Foxboro Federal Savings Bank; Daniel C. Yates, president, Brattleboro Savings & Loan Assoc., Vt.

“The banking industry is experiencing a great deal of change and pressure from numerous sources,” said Savarese is a prepared statement. “Our challenge is to educate, inform and let consumers and businesses know that we’re here to help. In Massachusetts, our banks never deviated from our mission and expanded our small business lending throughout the recession. We’re on course to stimulate economic development and create wealth in all of the communities we serve.”

The MBA represents about 185 commercial, savings and co-operative banks and savings and loan institutions in Massachusetts and elsewhere in New England, including Rhode Island.


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