May 30, 2023

Headshot of Gilda M. Nogueira, ECSB CEO

Cambridge, Mass. – East Cambridge Savings Bank, a $1.6 billion in assets mutual bank headquartered in Cambridge, Mass., is incredibly pleased to announce that the Bank’s chief executive officer Gilda Nogueira received the Massachusetts Bankers Association Lifetime Achievement Award. The award was presented at the association's annual Women and Allies in Banking Conference that took place on May 18. The award recognizes a woman in banking for her “extraordinary service, accomplishments, and contributions spanning a banking and/or finance career.” Nogueira, who began her career in banking and at East Cambridge Savings Bank in 1977, served as president and CEO from 2012 to 2023, and recently announced her retirement which will take place in the fall of this year.

“It truly is an honor to be recognized with the Massachusetts Bankers Association Women in Banking Lifetime Achievement Award. It is extremely special to me because it comes from the industry that I love,” Nogueira said upon accepting the award. “My career was only possible because of the support and coaching that I have received over the years. I was so fortunate to have people who believed in me. Had it not been for my family and the support I received at work; I would not have made it to where I am today.”

Kathleen Murphy, president and CEO of the Massachusetts Bankers Association noted that, “Gilda is a visionary leader who has consistently demonstrated excellence, innovation, and remarkable achievement. Her contributions have shaped the both the local and national banking industry through her active involvement with the American Bankers Association and the Massachusetts Bankers Association, including as past Chair of the MBA – a position that she was elected to by her peers in the industry. She has set new standards for leadership.”

Prior to the award presentation, a brief introductory video was shown and several of Nogueira’s colleagues including the Chairman of the Bank’s Board of Directors Joseph Amoroso and the Bank’s president and incoming CEO reflected on her leadership and achievements. Amoroso remarked that, “Her integrity is unquestioned. When she became CEO, she clearly showed her leadership, community focus, and dedication. Her impact will remain on the Bank for many years.” Bombard stated that, “we have been through many challenges and through it all Gilda has shown steadiness, consistency, and direction. As she prepares for retirement, she is leaving the Bank and its employees in a better place and for that, we are grateful.” 

Nogueira is involved in numerous banking industry boards and including as past chair of the Massachusetts Bankers Association, chair of the Massachusetts Depositors Insurance Fund, and President of the Federal Reserve Bank’s Community Depository Institutions Advisory Council (CDIAC). She is a board member of Connecticut On-Line Computer Center (COCC); member of the Massachusetts Bankers Association Charitable Foundation Board; Massachusetts Taxpayers Foundation Board of Trustees, and on various other industry committees. She is also Chair of the Board for the Cambridge Chamber of Commerce and serves on the boards of the Cambridge YMCA and the Medford Public Library Foundation.

In addition to this most recent recognition, Nogueira received the Somerville Chamber of Commerce John W. Fitzgerald Lifetime Achievement Award in 2021 and was named the Massachusetts Alliance of Portuguese Speakers (MAPS) Person of the Year in 2022. It was also recently announced that next month Nogueira will receive the Cambridge Chamber of Commerce Lifetime Achievement Award at their annual Inspire Awards event. 

About East Cambridge Savings Bank

East Cambridge Savings Bank is a full-service mutually held bank that is committed to be the preferred banking partner in the communities it serves. Established in 1854, the Bank strives to provide an exceptional customer experience and generous support for the community. Headquartered in Cambridge, the Bank has locations in Arlington, Belmont, Cambridge, Chelsea, Malden, Medford, Somerville, Waltham, and Woburn 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), the Depositors Insurance Fund (DIF), and is an Equal Housing Lender. 

Leo Gayne
Vice President, Public and Community Relations Officer
(617) 551-2353