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Community Corner

A. David Rodham Retiring from TSB Board of Directors

A David Rodham, Sr., Chairman of the Board of Directors of The Savings Bank will be retiring in November after 36 years of service to the Bank, first as a Corporator and later as a Trustee and Director.

Mr. Rodham was first elected to the Bank’s Board of Incorporators in 1977.  He was elected to the Bank’s Board of Directors (originally the Board of Trustees) in 1980 and was elected Chairman of the Board in 1992.  He has served on the Bank’s Executive Committee since 1987.

In addition to those duties, Mr. Rodham has served on the Board of The Savings Bank Charitable Foundation, the Board of the Donald E. Garrant Foundation, the Bank’s Compensation and Governance Committees, and as a Director (and former Chairman of the Board) at First Financial Trust, N.A., a subsidiary of The Savings Bank.

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During Mr. Rodham’s tenure as Chairman of the Board, the Bank’s assets grew from $284 million to approximately $450 million with current assets under management (including wealth management and brokerage accounts) of $946 million.  During this time, the Bank opened three branches, purchased two wealth management companies, two insurance agencies, and created both Foundations.

Most recently, Mr. Rodham led the efforts to form Wakefield Bancorp, a mutual holding company.

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At a recent meeting of the Board of Directors, Mr. Rodham was praised for his leadership of the Board, his stewardship of the Bank, and his long-time commitment both personally and professionally to the Towns of Wakefield and Lynnfield.

“Dave Rodham is leaving the Bank after 36 years of remarkable service,” Brian D. McCoubrey, President of the Bank said. “His support of both management and the Bank’s communities has been inspiring and unswerving and his legacy is built on decades of success.”

A David Rodham, Sr., (front row, third from right), Chairman of the Board of Directors of The Savings Bank, will retire after 36 years of service to the Bank. Congratulating him are members of the Board of Directors (front row, left to right) Carolyn S. Ogren, Vice Chairman John A. Spinello, A. David Rodham; Bank President Brian D. McCoubrey, Bank Executive Vice President and Chief Executive Officer Robert J. DiBella, Karen A. Sawyer; and Scott Garrant. (Back row, left to right) Glenn D. Dolbeare, Anthony M. Gallugi, Clerk Susan F. O’Neill, Daniel W. Sherman, Michael R. Barrett, and Mark J. Simeola.






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