Picard Named President & CEO Of Savers Bank

Promoted After Six Years With The Bank

Keith Griffin

June 18, 2020

Rosemary Picard

Savers Bank announced that its board of directors has named Rosemary Picard as the company’s next CEO and president. Picard succeeds past CEO and President Joe Coderre who retired after 35 years with the company.

Picard was the bank’s chief operating officer and chief financial officer since 2014. Prior to joining Savers Bank, she served as CFO and treasurer for Dean Bank. Picard’s 20 years of banking experience which includes Beneficial Finance & Mortgage and State Street Bank & Trust. She is a certified public accountant and worked as a senior accountant for Piccerelli, Gilstein, & Co LLP located in Providence.

“Rosemary is eager to build upon the past successes of the bank and lead the company into its next chapter. Her forward-thinking ideas to improve the bank efficiencies along with providing leading bank customer financial solutions will insure that Savers Bank is among the top leading community banks in Central Massachusetts.” said Dr. Dewey J. Tiberii, board chairman.

Picard graduated with honors from University of Massachusetts Dartmouth with a Bachelor of Science degree in Accounting. She is an active member of the Massachusetts Society of Certified Public Accountants and the Boston chapter of the Financial Managers Society. Rosemary resides in Hopkinton, Massachusetts with her husband, Paul and son, Owen.

Founded in 1910, Savers Bank has offices in Southbridge, Uxbridge, Auburn, Grafton, Charlton, and Sturbridge.

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