News: Front Section
Posted: December 14, 2018
East Cambridge Savings Bank named to top 100 women-led businesses
Cambridge, MA East Cambridge Savings Bank was named one of the top 100 women-led businesses in Massachusetts by The Commonwealth Institute (TCI), a Boston-based organization that aims to increase the number of women in corporate leadership positions. For the second year in the row, the bank and its president and chief executive officer, Gilda Nogueira, join a list of the state’s preeminent leaders in finance, law, medicine, science and technology, and the nonprofit sectors. All companies on the top 100 list have a female chief executives 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.
East Cambridge Savings Bank, a mutually held bank with just over $1 billion in assets, is one of three banks on TCI’s top 100 list and one of a handful in Massachusetts led by a female chief executive officer. Nogueira has led the bank since 2012, but began her career at East Cambridge in 1977 as a part-time teller.
“It is an honor to be a part of this dynamic group of women leaders whose companies represent nearly $50 billion of revenue that help grow and sustain the Massachusetts economy,” Nogueira said.
“This is a proud moment both personally and for our employees and customers. I am fortunate for the many colleagues and mentors who have encouraged me during my career with the Bank.”
In addition to a woman serving as president and CEO, 48% of the Bank’s senior vice presidents and vice presidents are women and 65% of the Bank’s workforce is female.
“We value the contributions of the many women that strengthen the organization,” Nogueira went on to say. “This recognition reflects our long history of encouraging all employees, regardless of gender, race or ethnicity, to learn and grow while they are a member of the team. Our diverse workforce has helped us grow and expand while remaining focused on our mission as a customer and community focused institution.”
This is the 17th 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 Oct. 28 issue of the Boston Globe Magazine.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Quick Hits
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.