Brown of Dedham Savings named new chairman of mass bankers


Pierre Brun

The Massachusetts Bankers Association elected a new president and seven new members to its board of directors.

Peter Brown, President and CEO of Dedham Savings, has been selected as the president of the trade association for 2021-2022. His term began on July 1.

“Peter is a highly respected and influential leader in the banking industry, not only through his community support, but also by running a $ 1.8 billion mutual savings bank with nine branches serving eastern Massachusetts,” Kathleen Murphy, president and CEO of the MBA, said in a statement. declaration. “Peter will lead the association through a time of tremendous change and opportunity as banks continue to expand access to financial services through digital channels. “

Brown has held executive positions in the banking industry for more than four decades, Dedham Savings said in a separate statement. He was Chairman and CEO of Walpole Cooperative Bank before becoming Chairman and CEO of Dedham Savings in 2009.

“I am honored to be elected president of our industry association, which has stood the test of time since its founding 116 years ago,” Brown said in the MBA statement. “Commonwealth banks have been there for their customers and communities throughout the pandemic and provide advice and support as the economy continues to expand.”

Murphy said the MBA also formed a Diversity, Equity and Inclusion Steering Committee that would build on the work being done by banks to promote an inclusive industry. Brown added that expanding social and economic access and equality was one of the top priorities of the MBA.

“Banks are at different stages of their diversity, equity and inclusion strategies and it is imperative that the association leverages these efforts through the board of directors and our DE&I steering committee as we examine how further support bank DE&I initiatives in the future, ”said Brown.

The MBA elected Mark O’Connell, chairman and CEO of Hudson-based Avidia Bank, as vice chairman of the board, while Meg McIsaac, chairman of Raynham-based Bluestone Bank, was elected treasurer. Bristol Savings Bank President and CEO Patrick Murray is the outgoing Chairman of the Board of Directors.

Seven directors were added to the 20-member MBA board:

  • Ping Yin Chai, President and CEO of Salem Five Cents Savings Bank
  • James Dunphy, President and CEO of South Shore Bank, Weymouth
  • Robert Fraser, President and CEO of MountainOne Bank, North Adams
  • Harold Horvat, President and CEO of Centerville Bank, West Warwick, Rhode Island
  • Shimna Sameer, Managing Director, Northeast Division, Bank of America, Boston
  • Matthew Sosik, President and CEO of BankESB, Easthampton
  • Patrick Thorpe, President and CEO of BankGloucester

“This is a formidable group of leaders and directors to lead the Massachusetts banking industry during this dynamic time,” said Murphy. “The new and former members of the Board of Directors bring considerable experience and expertise, as well as market insight to serve a very broad consumer and business footprint across the Commonwealth. “

Dunphy of South Shore Bank said in a separate statement he was happy to join the board “at a time when there is so much positive change in our industry.”

“Being on the board that has stood the test of time since its founding 116 years ago will allow me and the South Shore Bank to continue the work of strengthening the industry as we advancing the future of banking, ”said Dunphy.


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