News: Financial Digest

Former mayor Doyle named VP business dev. officer at BCSB

Bristol County Savings Bank (BCSB) has named former mayor, James Doyle, to the position of vice president business development officer at the bank's city banking office at 215 Armistice Blvd. Doyle, who served 13 years as mayor and a total of 40 years in public service, ended his 6th term as mayor. Doyle has had a long-standing relationship with BCSB, serving as a board member of Bristol County Savings Charitable Foundation (BCSCF) - Pawtucket Advisory Board (PAB) since 2001 and as a corporator since 2002. "We're honored to have former Pawtucket mayor, Jim Doyle, join Bristol County Savings and, specifically, our Rhode Island banking team," said Dennis Kelly, president & chief executive officer of BCSB. "We've witnessed his tireless commitment to the people of Pawtucket and have appreciated his advice and counsel as a corporator and board member of our foundation. We're confident he will be a perfect fit for our community banking approach and his experience in government and in business will prove to be invaluable." Prior to Doyle's tenure as mayor, the city native served on the city council for 27 years, including council president from 1982-1987. He also held the position of sales representative for Massachusetts Envelope Company, as well as, several pharmaceutical companies. A 1960 graduate of Providence College with an AB degree in education, Doyle started his career as an english and social studies teacher at Pawtucket West High School (now Shea High School) in the early 1960s. "I'm excited the bank has given me this opportunity to continue to serve the community that's been such a huge part of my life's work," said Doyle. "As mayor, and in my role as a member of the foundation's Pawtucket Advisory Board, I've always been impressed with Bristol County Savings Bank and how it conducts its business. They are truly a community bank and have the local interest at heart." Doyle is a communicant at St. Cecilia's Church in Pawtucket and resides in Pawtucket with his family. Bristol County Savings Bank has always been an active supporter in the communities it serves. The establishment of the Bristol County Savings Charitable Foundation - Pawtucket Advisory Board was announced at the grand opening of the bank's area office in 2001 in an effort to demonstrate the Bank's commitment to its new market. At that time, $1 million was contributed to the Foundation to provide grants to 501C (3) organizations which operate exclusively for charitable purposes within the city. The Foundation - Pawtucket Advisory Board has donated approximately $867,712 to organizations in the area since its inception. The Bristol County Savings Charitable Foundation was established in 1996 as part of the bank's 150th Anniversary celebration. Its purpose is to fund needs that contribute to the economy and the social well-being of the people and institutions located in greater Attleboro/Taunton and greater Dartmouth, Mass., as well as Pawtucket. Since the foundation began, more than $6.7 million in grants to 501(3) organizations have been awarded. In 2010, the Foundation awarded a record $941,711 to 136 different organizations. Background Information: Bristol County Savings Bank, founded in 1846, is a full-service financial institution offering commercial lending, personal and business banking, and mortgage services. In 1976, the Bank opened its first branch office in Raynham Center. Steady branch expansion has continued ever since, with branches following in Rehoboth in 1981, North Raynham in 1982, County Street in Taunton in 1988, Attleboro in 1994, North Attleboro in 1998, Franklin in 2000, Pawtucket, RI in 2001, Dartmouth in 2007 and New Bedford in 2010. The Bank also operates two Educational Branch Offices for students and faculty located at Taunton High School and Attleboro High School. In addition to growing the full-service banking branch network, the Bank has also expanded its loan operations over the years with dedicated loan centers located throughout Bristol County in Taunton, Attleboro, Fall River and Dartmouth. (more) Page 3/BCSB Appoints Doyle Vice President Business Development Officer at Pawtucket Office Bristol County Savings Bank began expanding into other avenues in 1995 with the acquisition of Anawon Trust in Attleboro, MA, the Bank's trust and investment advisory division which has successfully assisted businesses, individuals and non-profits with the management of their assets since 1989. In 2009, the Bank invested in the Farrell Backlund Insurance Agency, LLC, its majority-owned subsidiary, one of Southeastern Massachusetts' largest independent insurance agencies. This alliance allows the Bank to provide quality insurance options from more than 50 experienced insurance professionals. The steady growth and expansion has resulted in $1.3 billion in assets and just under 300 employees in Southeastern Massachusetts and Rhode Island. The key words at Bristol County Savings Bank are: "Commitment, Stability, and Community," values that are combined with state-of-the-art technology to meet the needs of its customers. A dedicated local community bank for over 160 years, Bristol County Savings Bank is actively involved in giving back to all the communities it serves both through financial support and the volunteerism of its people. The Main Office and Corporate Headquarters of Bristol County Savings Bank are located on Broadway in Taunton, MA. For additional information please call 508-824-6626, or visit www.bristolcountysavings.com. -30
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