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Cambridge Savings Bank announces new president

Posted by Evan Allen  January 8, 2013 09:38 AM

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Cambridge Savings Bank announced on Monday that it is appointing a new president and chief executive officer.

Wayne F. Patenaude will succeed Robert M. Wilson, who has served as the bank’s chief financial officer and treasurer since 2007, according to a release from the bank.

“I am grateful for the opportunity to guide Cambridge Savings Bank and work with the Board to advance the bank’s mission,” said Patenaude in the release. “Our dedicated staff has built a community bank model that is based upon financial strength, leading-edge customer technologies, personal customer service and an unwavering commitment to the quality of life and social good in the communities we serve.”

In October, the bank announced Wilson’s resignation, effective Dec. 31, after a medical leave of absence earlier in the year.

Patenaude has worked as the chief financial officer and treasurer with Berkshire Hills Bancorp, Inc. and Berkshire Bank. He has also worked as the chief financial officer and treasurer with American Savings Bank of New Britain, CT. He is a member of the Concord Carlisle Community Chest, which is an independent organization that raises funds and provides donations to human services organizations that help Concord and Carlisle residents, according to the release.

Cambridge Savings Bank has locations in Arlington, Belmont, Concord, Lexington, Newton and Watertown, among other places.

Evan Allen can be reached at evan.allen@globe.com

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