Millbury Savings Names Morton as President

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OntheMoney
Spring 2014
Millbury Savings Names Morton as President
At its recent annual meeting,
Millbury Savings Bank elected its first
new president in 20 years.
Robert J. Morton, previously the
bank’s executive vice president and
senior loan officer, has been named
president and chief operating officer.
He assumes the role of president
from William J. Walsh, who last fall
announced his plans to retire in
January 2015. Bill will remain chief
executive officer until then.
“I am grateful for the opportunity to
Robert J. Morton
guide Millbury Savings Bank, and to
work with the board of trustees to ensure the bank
remains a vibrant, growing institution for many years,”
said Rob. “Our financial strength, commitment to
giving back to the communities we serve, and focus on
delivering top-notch customer service are all keys to our
future success.”
Rob has been in banking for more than 25 years, with
the last 14 at Millbury Savings. During that time, Rob
has been active in our local community, most recently
having served as an organizer of the 2013 Millbury
Chain of Lights, as chairperson of the Millbury
Bicentennial’s fundraising and finance committee and
a member of its executive committee, and as a past
president of the board of Millbury Dollars for Scholars,
to name a few.
Prior to joining Millbury Savings, Rob was vice
president and commercial loan officer at Bay State
Savings Bank and assistant vice president and
commercial loan officer at Shawmut Bank, both in
Worcester.
In addition to his community activity
in Millbury, Rob is a board member
of Worcester Business Development
Corporation and Worcester State
University Foundation, a corporator
of the American Red Cross of Central
Massachusetts, and a member of both
the Swing for Wishes Golf
Committee benefitting the Make-AWish Foundation, and the Worcester
Economics Club.
Rob holds a bachelor’s degree from
Worcester State University, a master
of business administration from Clark
University, and a certificate of advanced graduate
study from Babson College.
Lending successor named
At the same meeting,
newly appointed
Senior Vice President
Jason M. Faber also was
named senior loan
officer, succeeding Rob.
He was also elected a
bank corporator. Jason
joined Millbury Savings
this past winter from
Jason M. Faber
Peoples United Bank,
where he spent seven years as a vice president in
the commercial lending area, focusing on middle
market companies with $1 million to $15 million
in sales. Before that, he was a commercial lender in
the large corporate market with Sovereign Bank.
Jason holds a bachelor of science in Finance from
Virginia Tech.
Millbury Savings Elects New Chairman, Trustee, and Corporators
Local attorney
Peter F. Keenan, Jr., has been
elected chairman of the board
of trustees of Millbury Savings
Bank. Peter has served as a
member of the board for nine
years and as a bank
corporator since 1983. As a
partner in the Millbury law
firm of Keenan and Trudell,
he concentrates in estate
Peter F. Keenan, Jr.
planning, estate
administration, real estate, and real estate
development. Peter received his juris doctor degree
from Suffolk University School of Law, and earned a
bachelor of arts from the College of the Holy Cross. He
is a member of the board of directors of the KennedyDonovan Center and a member of various bar
association committees and community organizations.
A new face on the board
Investment advisor
J. Michael Grenon has been
elected to the board of
trustees, having been elected
a bank corporator in 2011. He
is vice president and a
principal of Grimes and
Company, Inc., a registered
investment advisor located in
Westborough, and is a
Certified Investment
J. Michael Grenon
Management Analyst (CIMA).
Mike is a graduate of Villanova University, earning a
bachelor of arts in Economics, as well as Worcester
Academy. Currently, he serves on the board of
Worcester Academy where he chairs the investment
committee and serves on the executive committee; is
vice president of Catholic Charities of Worcester’s
board and serves on their executive, nominating, and
finance and investment committees; and serves on the
investment committee for St. Joseph’s Abbey and the
Health Foundation of Central Massachusetts. Mike is a
past president of both the Worcester Economics Club
and the Worcester Young Businessmen’s Association.
New corporators selected
Craig L. Blais and
Timothy Rassias were elected
to the bank’s board of
corporators.
Craig currently serves as
president and chief executive
officer of the Worcester
Business Development
Corporation (WBDC),
overseeing the $10 million
non-profit corporation. Prior
Craig L. Blais
to joining the WBDC, he held
several economic development positions in the city of
Worcester, including chief development officer, and
oversaw a variety of major infrastructure enhancement
projects. He also served as a three-term selectman,
including three years as chairman, in the town of
Auburn. Craig earned both his master of public
administration and his bachelor’s degree in political
science from Framingham State University. He
currently serves as a member of the board of directors
of the Worcester Regional Chamber of Commerce, the
Worcester Regional Research Bureau, and the Central
Massachusetts Biomedical Initiative, and is a member
of the board of trustees of Worcester State University.
Tim is owner and managing
partner of several central
Massachusetts businesses,
including Safeway Luxury
Transportation, a full-service,
non-emergency medical
transportation company with
40 employees, and SpringHill
Recovery Center, a 70-acre
campus that provides
residential substance abuse
Timothy Rassias
programs as well as clinical,
mental health, and well-being services. He earned his
bachelor’s degree from the University of Massachusetts
Amherst. Tim is treasurer and a member of the
executive committee and board of governors of
Tatnuck Country Club, a coach for Holden Little
League baseball, a board member of various
neighborhood associations, and was previously a
football coach for the Worcester Cowboys.
Main Office 109 Elm Street, Millbury, MA 01527 • 508.865.5811
Branch Office 1001 Millbury Street, Worcester, MA 01607 • 508.757.0057
MillburySavings.com
Member FDIC
Member DIF