Cambridge, Mass. – 1854 Bancorp, the holding company for East Cambridge Savings Bank, at its annual meeting in March named Cambridge resident and attorney Joseph A. Amoroso, Jr. as Chairman of the Board. Amoroso will serve as Chairman of the Board for both 1854 Bancorp and East Cambridge Savings Bank. Amoroso has been a Bank Corporator since 1990 and a Trustee since 1998.
In addition to Amoroso’s election as Chairman, retiring Chairman Lee C. Craig was elected to the role of Honorary Trustee. Outgoing Chairman Craig has a long and distinguished involvement with the Bank, having first been named a Corporator in 1974. He was named Trustee in 1977 and has served in various Board capacities for the Bank and holding company. Craig served as Chairman of the Board since 2004.
Two new Corporators were also elected at the annual meeting: Maureen B. Ford and Rosamond “Ros” Kane.
East Cambridge Savings Bank also held elections for the roles of first senior vice president and senior vice president. SVP Francesca B. DeFabrizio, who joined the Bank in 1980 and currently serves as chief human resources officer, was elected first senior vice president. Michael S. Allen, a Bank employee since 1986 and currently serving as senior operations office and the Bank’s community reinvestment act officer, was elected senior vice president. Joanne Aliber, who joined the Bank in September 2020 as director of marketing, was also elected senior vice president.
To read the Bank’s annual report, which was released at the meeting, please click here
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.
Assistant Vice President, Public Relations Officer