News: Front Section

MBA elects McIsaac chair and new board members and officers

Meg McIsaac

Boston, MA Meg McIsaac, president and CEO, Bluestone Bank, Raynham, has been elected 2023-2024 chair of the Massachusetts Bankers Association (MBA) at its annual meeting, a post she will assume on July 1, 2023. Founded in 1905, the MBA is the only association representing FDIC-insured community, regional and nationwide banks serving consumer and business clients across the Commonwealth.

McIsaac leads a bank that is known for being a strong community partner and has continually supported the efforts of MBA across the Commonwealth. She is committed to continuing the strategic efforts started earlier this year to harness the good work that banks are doing to propel the industry forward.

The association also elected the following officers and directors:

Vice chair:

Robert Fraser, president & CEO, MountainOne Bank, North Adams

Treasurer:

Ping Yin Chai, president & CEOSalemFive Bank

Immediate past chair:

Mark O’Connell, president & CEO, Avidia Bank

Michael G. McAuliffe, president & CEO, Middlesex Savings Bank, 

Lisa R. Murray, Mass. president, Citizens Bank, N.A., Boston

Lisa J. Oliver, president & CEO

The Cooperative Bank of Cape Cod, Hyannis

Wayne Patenaude, president & CEO, Cambridge Savings Bank

Richard Spencer, president & CEO, North Easton Savings Bank, Whitman 

Anne Tangen, president & CEO, BankFive

These distinguished banking leaders join fellow board members whose terms continue:

Martin Connors, president & CEO, Rollstone Bank & Trust, Fitchburg

James Dunphy, president & CEO, South Shore Bank, Weymouth

Harold Horvat, president & CEO, Centreville Bank, West Warwick, RI

Kathleen Marcum, president & CEO, Millbury National Bank

Thomas Senecal, president & CEO, PeoplesBank, Holyoke

Denis Sheahan, president & CEO, Cambridge Trust Company

Shimna Sameer, managing director; NE Division, Bank of America, Boston

Matthew Sosik, president & CEO, BankESB, Easthampton

Patrick Thorpe, president & CEO, BankGloucester

Jeffrey Worth, president & CEO, Wakefield Cooperative Bank

According to Murphy, “This group of talented and accomplished banking leaders are well-positioned to lead the Massachusetts banking industry during this dynamic time. The new and returning members of the board provide considerable experience and expertise, as well as market knowledge in serving a large consumer and business footprint across the Commonwealth.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary