President & CEO

Community & Regional Banks

Winchester, MA

2021-08-30

Due to the upcoming retirement of its longtime President & CEO, Winchester Savings Bank (“WSB,” www.winchestersavings.com) has retained Smith & Wilkinson to manage the search and selection process for the bank’s next chief executive.

Founded in 1871 and headquartered in Winchester, Massachusetts, WSB is a state chartered mutual bank that recently celebrated its 150th anniversary.  The bank’s mutual ownership structure means that it is owned and governed by its depositors, allowing its leadership to take a long-term view of success focused on serving its customers, communities, and employees.  WSB has over $600MM in total bank assets, maintains a solid balance sheet with good earning and asset quality and exceptional capital (over 12% core capital ratio), and has an approximately $450MM loan portfolio, 99% of which is secured by real estate, both 1-4 family residential and commercial real estate.  The bank operates 4 physical retail locations and offers a full suite of online and mobile banking solutions.

Reporting to the Board of Trustees, the President & CEO will be responsible for the ongoing and prudent leadership of the bank. The current makeup of the bank’s Senior Management team consists of the department heads of Marketing, Technology (CIO), Finance & Accounting (CFO), Lending (CLO), Administrative Services & Compliance, Human Resources, Retail Banking, and Internal Audit.  The CEO will be visible in the local community and to key constituents and stakeholders, collaboratively lead the bank’s employees, Trustees, and Corporators, and serve as the organization’s primary visionary. We are seeking exceptional banking leadership with a demonstrated track record of fostering a culture exceptional customer service, broad-based technical banking skills, and a mature and inclusive leadership style.  For additional information about this unique community bank leadership role, or to arrange a confidential discussion, please contact Cameron Boyd, Managing Partner, Financial Services Practice (cboyd@smithandwilkinson.com).

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