Cambridge, Mass – East Cambridge Savings Bank, a $1.6 billion in assets mutual bank, today announced that it is part of the 22nd annual list of Top 100 Women-Led Businesses in Massachusetts compiled by The Women’s Edge
(formerly The Commonwealth Institute) together with its partner The Boston Globe. These 100 organizations generated nearly $76 billion in total revenue in 2021, demonstrating that women are key drivers of the Commonwealth’s economy. East Cambridge Savings Bank and its president and chief executive officer Gilda M. Nogueira, were recognized at a breakfast event on October 28 in Boston attended by the companies and women leaders being honored, as well as Governor Charlie Baker and Lt. Governor Karyn Polito.
“East Cambridge Savings Bank has had the distinction of being included on the list of the top 100 women-led businesses in Massachusetts for six years in a row, and it continues to be an honor to be counted among these dynamic leaders,” said Gilda M. Nogueira. “The Bank has a long and proud history of promoting employees from diverse backgrounds and encouraging our staff to grow both professionally and personally. In addition to being a women-led organization, we are fortunate to have a diverse and vibrant workforce that reflects the great communities we serve.”
In addition to a woman serving as president and chief executive officer, East Cambridge Savings Bank’s senior leadership team is 75% female, and has an overall workforce that is 55% female.
“The organizations on this year’s diverse list are driving innovation across the country, from increased manufacturing capacity to breakthroughs in clinical care and therapeutics” said The Women’s Edge chief executive officer Elizabeth L. Hailer. “We are honored to celebrate the Top 100 women leaders and hope it inspires others to drive for success here in our region and beyond.”
This is the 22nd year that The Women’s Edge – a Boston-based nonprofit organization devoted to advancing women in leadership positions — created the list through a nomination process and reviewed both for-profit and not-for-profit organizations, and the 10th year that the list was created in collaboration with The Boston Globe. In addition to revenue or operating budget, factors considered in the evaluation included workplace and management diversity, board makeup, and innovative projects. The full list was published in the Globe Magazine’s Women & Power issue
at Globe.com/magazine on October 28 and in print on October 30.
“We're proud to once again partner with The Women’s Edge to recognize these 100 remarkable companies—and the remarkable women who lead them,” said Globe Magazine editor Francis Storrs. “It's a privilege to celebrate this year’s honorees for all they’ve accomplished, and for the example they're setting for future generations of leaders.”
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.
About The Women’s Edge
The Women’s Edge is a non-profit organization that propels women leaders to achieve professional and personal success and deliver positive impact within their business and community. Founded in 1997, The Women’s Edge achieves this mission by collaborating and connecting extraordinary women at all stages of their careers — from next generation leaders to CEOs; continually building a pipeline of high performing women leaders; delivering relevant leadership programs, events and perspectives, with actionable insights; incorporating diversity, inclusion, and belonging to foster gender and racial equity; and leveraging technology to expand reach and amplify impact. Visit https://thewomensedge.org/ for more information.
About Boston Globe Media Partners, LLC
Boston Globe Media Partners, LLC ("BGMP") is a multimedia organization that provides news, entertainment, and commentary across multiple brands and platforms. In addition to its award-winning journalism, BGMP offers leading integrated advertising solutions that connect communities, ideas, and causes through powerful storytelling and multimedia experiences. BGMP properties include The Boston Globe, Globe.com, Boston.com, STAT, Globe Publishing Services, Globe Direct, Globe Events, and Studio/B.
Assistant Vice President, Public and Community Relations Officer