HYANNIS – 4 new Corporators and a brand new Clerk have been appointed on the annual assembly of the Corporators of Coastal Associates, MHC, the mutual holding firm for The Cooperative Bank of Cape Cod.
For the primary time within the Bank’s almost 100-year historical past, the annual assembly was held nearly due to the COVID-19 security restrictions and in accordance with tips from the Massachusetts Division of Banks.
The 4 newly elected Corporators have been: Lauren Barker, Chief Govt Officer of Cape Cod Younger Professionals; Kevin Pepe, Founder and Managing Director of Industrial Realty Advisors, Inc.; Matthew Lee, Associate on the regulation agency Tocci & Lee, LLC; and Alex Rodolakis, Basic Company and Industrial Legislation Counsel for Fletcher Tilton, PC.
They may be part of Justin Manning, President/Proprietor, JJManning Auctioneers, who was re-elected as a Corporator.
Every will serve for a 10-year time period, expiring on the finish of the 2030 Annual Assembly.
As well as, Osterville and Nantucket lawyer Sarah F. Alger was elected as the brand new Clerk of the Board of Administrators. This put up was beforehand held by her father, John Alger, throughout his 14-year tenure as a board member.
Alger will exchange Martha Ramsey, who has served as Clerk since 2004.
Whereas Ramsey will not function Clerk, she is going to proceed to serve on the Board of Administrators, a task she has held since 1989.
Throughout the assembly, Michael Ford, Nancy Garran, Lisa Oliver, and Sheila Vanderhoef have been re-elected to the Board of Administrators.
They may every serve for three-year phrases, expiring on the finish of the 2023 Annual assembly.
A proper proclamation was additionally made to the Corporators of Oliver’s latest appointment to Chair of the Board.
“This is the first time this designation has been conferred on the bank’s president, and we are proud and pleased to share this announcement with you today. Lisa has done a tremendous job leading the Bank over these past three-plus years and has shown great leadership throughout her tenure and in the face of the current pandemic crisis,” the proclamation learn.
“In light of her exemplary leadership and success, it is only fitting that she bear this title and the recognition it entails.”
Oliver, who has greater than 30 years of monetary companies expertise, is the Bank’s fifth president in its 99-year historical past.
She joined the Bank in 2017.