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HOLYOKE — The Massachusetts Bankers Association (MBA), a multi-faceted banking trade group representing more than 120 banks that manage an aggregate $27 trillion in assets under custody, has named Tom Senecal, president and CEO of Holyoke-based PeoplesBank, to its board of directors. 

“The Massachusetts Bankers Association provides critical and timely assistance to its member banks to better serve customers and navigate ever-changing regulations,” said Senecal. “It helps us to advise, educate and inform customers on how best to manage their financial lives. An educated consumer is, in fact, a better customer, and, as such, both customers and banks prosper. As a board member, I look forward to supporting our customers and the industry as a whole through this great organization.” 

The MBA was founded in 1905 to “promote the general welfare and usefulness of banks” and today serves a number of constituencies including legislators, regulators, consumer advocates, the media, community groups and, of course, the general public. Its member banks currently employ more than 72,000 professionals who work at more than 2,000 separate locations across the state.  

“The market knowledge that Tom brings enables the association to anticipate and respond to emerging banking needs and trends that help our members as they serve a very large consumer and business footprint across the Commonwealth,” said Kathleen Murphy, president and CEO of the Massachusetts Bankers Association. 

Senecal has more than 30 years of experience in the financial services industry. He was elected president of PeoplesBank in 2016 after previously serving as the bank’s executive vice president and chief operating officer. He is a graduate of the UMass Amherst Isenberg School of Management (B.S. Business Administration) and is a certified public accountant. He also attended the Tuck Executive Program at Dartmouth College.  

Daily News

EASTHAMPTON — Matthew S. Sosik was recently elected to the 20-member Board of Directors of the Massachusetts Bankers Association (MBA). Founded in 1905, the MBA is the only association representing FDIC-insured community, regional, and nationwide banks serving consumer and business clients across the Commonwealth.

Sosik is the CEO of Hometown Financial Group Inc., a $3.4 billion mutual multi-bank holding company based in Easthampton. He also serves as president and CEO of bankESB, a subsidiary of Hometown Financial Group.

“As a dynamic industry, it is essential that the association have perspectives of banking leaders like Matt Sosik who provide expertise and experience that enable us to achieve our priorities of exceptional advocacy representation on Beacon Hill and in Washington, DC; high quality and timely training and education for professionals in the banking industry; and communications and services that help strengthen our members,” said MBA’s President and CEO, Kathleen Murphy. “The market knowledge that Matt brings enables the association to anticipate and respond to emerging banking needs and trends that help our members as they serve a very large consumer and business footprint across the Commonwealth.”

Said Sosik: “I am excited and honored to work with this talented group of individuals to help shape the banking industry in Massachusetts. Banks continue to be there for their individual and small business customers as well as their communities, especially during the pandemic. I look forward to ensuring our industry continues to make a big and positive impact in communities all across the Commonwealth.”

Sosik joined Hometown Bank, now bankHometown, in 1996 after five years as a bank examiner with the FDIC. In 2013, he became the president and CEO at bankESB and began to build Hometown Financial Group through a combination of organic growth strategies and merger and acquisition transactions.

 Sosik is also a board member for The Massachusetts Housing Partnership (MHP), whose mission is to work with communities to create innovative policy and financing solutions that provide affordable homes and better lives for the people of Massachusetts. He also serves on the Federal Reserve Bank of Boston’s Community Depository Institutions Advisory Council and is a member of the Board of Directors of COCC Inc., a technology company headquartered in Southington, CT, that serves the financial industry.

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