Press Release, April 11, 2014
Octant Business Services, LLC, Announces New President and CEO
Littleton, Massachusetts-based Octant Business Services announced that it has hired Lawrence Murphy of Bedford, NH, to serve as President and CEO. Most recently, Murphy served as Commercial Examinations Manager for TD Bank, where he was responsible for planning, risk assessment, and execution of US Based commercial loan exams on a national basis. Previously, he served in varying capacities for 19 years with Santander/Fleet Bank, most recently Senior Vice President Commercial Real Estate Workout, and Senior Vice President – Director of Risk and Administration, Global Solutions Group. Earlier in his career, Murphy served variously as a commercial Portfolio Manager and Relationship Manager. As President and CEO, Murphy will succeed Bob Cipriani, who announced his planned retirement in January 2014. Octant is owned by Align Credit Union, Lowell, Mass.; Bridgewater Credit Union, Bridgewater, Mass.; Digital Federal Credit Union, Marlborough, Mass.; Eastern Corporate Federal Credit Union (EasCorp), Burlington, Mass.; Granite State Credit Union, Manchester, N.H.; Jeanne D’Arc Credit Union, Lowell, Mass.; Northeast Credit Union, Portsmouth, N.H.; Rockland Federal Credit Union, Rockland, Mass.; and First Citizens’ Federal Credit Union, Fairhaven, Mass.