November 22, 2021

The Commonwealth Institute Top 100 Women-Led Businesses event logo Cambridge, Mass. – East Cambridge Savings Bank, a $1.3 billion in assets mutually-held bank, was once again named one of the top 100 women-led businesses in Massachusetts by The Commonwealth Institute (TCI), a Boston based organization that aims to increase and acknowledge the number of women in corporate leadership positions. Each year, TCI and Boston Globe Magazine partner to recognize companies in finance, law, medicine, science and technology, and the nonprofit sectors led by a female chief executive. All companies on the top 100 list have a female chief executive and are ranked based on revenue, operating budget, and number of employees. TCI also looks at gender diversity among a company's board and workforce. This is the fifth consecutive year that the Cambridge-based bank was recognized by TCI.  

“I am honored that East Cambridge Savings Bank is included among this impressive list of companies and leaders across our Commonwealth,” said Gilda M. Nogueira, the Bank’s president and CEO who was recognized on the list. “Our bank has a long history of promoting gender equality and we are an organization where women have a prominent seat at the decision-making table. The Bank might be 167 years old, but we put inclusion at the forefront of our approach to developing talent and retaining employees of diverse backgrounds.” 

The 2021 TCI and Globe Magazine list include 45 privately held companies, 46 nonprofit organizations, and 10 publicly held companies representing $67 billion in revenue and employ 132,000 people across Massachusetts. At the 100 companies on the list, an average of 58% of their overall workforce is female. The 100 companies on the list represent 12% of the Commonwealth’s overall GDP.

This is the 21st year that The Commonwealth Institute has compiled this list of the top 100 women-led businesses in Massachusetts. The full list was published in the Nov. 7 issue of the Boston Globe Magazine

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, 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), the Depositors Insurance Fund (DIF), and is an Equal Housing Lender. 

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