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Dedham Savings Announces Promotions for Business Banking Team

Photos of Charlie Toczylowski and Marcella Musto

Charles Toczylowski has been promoted to Vice President and Marcella Musto has been promoted to Assistant Vice President, according to an announcement by Robert Erasmi, Senior Vice President of Retail Banking at Dedham Savings.

Stated Erasmi, “Charlie and Marcella have been key to our growth in business deposits.  Their strong relationships throughout the business community have helped local businesses realize that a community bank has all of the accounts and cash management services the big banks do, but that we offer a level of personal service that just can’t be matched.”


As Vice President for Business Banking, Charles Toczylowski is responsible for developing new relationships and increasing the bank’s commercial deposit base. He has been a key member of the Business Banking team for nearly 10 years. Prior to joining Dedham Savings, he held similar positions at local banks. He also has experience in retail management and was a small business owner. Toczylowski graduated from Boston College with a Bachelor of Science degree in Business.  He lives in Woburn with his wife Sandy.  He has three adult children and is an avid Boston sports fan and golfer.


As Assistant Vice President for Business Banking, Marcella Musto is responsible for both servicing current business relationships and developing new ones.  She also assists business customers with the banks’ array of Cash Management services. Musto has worked at Dedham Savings for nearly 25 years, and, in addition to her time in the Business Banking department, she spent several years in the Retail Banking division. She lives in Dedham with her husband, Giuseppe, and their two children, and also assists with running their small business, Vincenzo’s Italian Deli & Catering in Dedham Square.


Incorporated in 1831, Dedham Savings has assets of over $1.6 billion. Its mission is to promote financial strength and success in the individuals, families, and businesses of the communities it serves. Dedham Savings offers a broad range of financial and electronic banking services to individuals, businesses and organizations through full-service locations in Dedham, East Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood, MA.

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