Dedham Savings President and CEO Peter Brown Elected 117th Chair of Massachusetts Bankers Association
Dedham Savings is pleased to announce that bank President and CEO Peter Brown was elected the 2021-22 Chair of the Massachusetts Bankers Association (MBA) at the Association’s Annual Meeting on June 10th. A 40-year veteran of the banking and finance industry, Brown will serve a one-year term starting on July 1st. Brown previously served as MBA Chair-Elect (2020-21) and Treasurer (2019-20), and is the Immediate Past Chair of the MBA Charitable Foundation.
In an MBA press statement, Brown said, “I am humbled to be elected to chair our industry’s Association, which has stood the test of time since its founding 116 years ago. Banks across the Commonwealth have been there for their clients and communities through the pandemic and are providing counsel and support as the economy continues its expansion.
“Importantly, as one of our top priorities,” continued Brown, “the Association is keenly focused on the imperative of expanding social and economic access and equality. Banks are in different stages of their diversity, equity and inclusion strategies and it is imperative that the Association harness those efforts through the Board of Directors and our DE&I Steering Committee as we examine how to be an even greater support for bank DE&I initiatives into the future.”
MBA President and CEO Kathleen M. Murphy said, “We congratulate Peter in being elected as our 117th Chair. He is a pillar of the community and has demonstrated an unwavering commitment to the financial success of individuals, families and communities across the Commonwealth. His industry knowledge and advocacy will prove to be an incredible asset to our Association’s work in the year ahead.”
A financial services veteran with over four decades of experience in leadership roles in the banking industry, Brown began his career as a Management Trainee at BayBank Norfolk County Trust Company and went on to specialize in Commercial Lending. He served as President and CEO of Walpole Cooperative Bank prior to taking on his current position at Dedham Savings in 2009.
In addition to serving on the Boards of Directors for Dedham Savings and the Dedham Savings Community Foundation, Brown serves on the Boards for Plimoth Investment Advisors, Northeast Retirement Services, Inc., Stone Family Adoption, the Depositors Insurance Fund (DIF), and is Chairman of the Savings Bank Employee Retirement Association (SBERA).
During Brown’s tenure at Dedham Savings, he has demonstrated a strong track record in initiating and leading change, driving results, and innovating amid a rapidly evolving digital landscape. He is extremely proud to be leading a skilled and dedicated team of over 225 employees who embrace the bank’s long tradition of supporting the local community.
ABOUT THE MASSACHUSETTS BANKERS ASSOCIATION
The Massachusetts Bankers Association represents 120 commercial, savings, cooperative, and federal savings banks and savings and loan associations which hold nearly $500 billion in deposits in over 2,000 banking locations in Massachusetts. Member banks employ 72,000 professionals across the Commonwealth and in New England and contribute more than $105 million annually to social agencies and charitable organizations across the Commonwealth.
ABOUT DEDHAM SAVINGS
Incorporated in 1831, Dedham Savings is one of the oldest banks in Massachusetts still doing business under its original charter. The bank delivers technology-driven solutions in a client-centric way to promote the financial success of the individuals, families, businesses, and non-profit organizations in the communities it serves. Dedham Savings manages $1.8 billion in assets through full-service locations in Dedham, East Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood, Massachusetts.