Cambridge, Mass. – Proving that local, mutual banks can perform and deliver the highest quality of service and commitment to its customers and communities, East Cambridge Savings Bank has received numerous awards and recognitions for customer service, charitable giving, and workplace diversity in the last year.
For the third year in a row, the Bank was named one of the Top 100 Women-Led Businesses in Massachusetts by The Commonwealth Institute and Boston Globe Magazine. In addition to a woman serving as president and CEO, 50% of the Bank’s senior vice presidents and vice presidents are women and nearly 70% of the Bank’s workforce is female. Recognizing charitable giving and volunteerism, The Boston Business Journal ranked East Cambridge Savings Bank as one of the Top 100 Charitable Companies in Massachusetts measured by financial support and volunteer hours.
In 2019, readers voted the Bank as the Best Community Bank in Cambridge and Somerville in the Wicked Local Readers Choice Awards. Readers of Scout Somerville also cast votes for the Bank naming it the Best Bank in Somerville which recognized the Highland Avenue location with a coveted Scouts Honored Award from the publication.
The Bank’s President and Chief Executive Officer Gilda Nogueira also received awards for community commitment and leadership in the banking industry. Ms. Nogueira was the recipient of the Avon Children’s Friend Award from local human services agency Cambridge Family and Children’s Service (CFCS), an East Cambridge-based organization that provide family support, housing, and adoption services. She was also recognized at the New England Women in Banking Conference with the Sandra J. Pattie Distinguished Leadership Award. The recognition is presented to a woman in the banking industry "who has made outstanding contributions to the banking landscape in New England."
“These awards reflect the dedication and enthusiasm that all employees bring to work every day. I am deeply gratified and humbled by the recent recognitions East Cambridge Savings Bank has received from customers and industry leaders,” said Nogueira. “As a mutual bank, we build partnerships based on trust and the reciprocal relationship between our customers and community members.”
About East Cambridge Savings Bank
East Cambridge Savings Bank is a full-service mutually-held savings bank that believes in connecting with customers. The Bank was established in 1854 and is dedicated to providing businesses and individuals with a full line of banking services in the communities it serves. Headquartered in Cambridge, the Bank has locations in Arlington, Belmont, Cambridge, Chelsea, Malden, Medford, Somerville, and Waltham, as well as an educational training facility at Cambridge Rindge and Latin School. The Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).
Assistant Vice President, Public Relations Officer
East Cambridge Savings Bank