Page 12 - BusinessWest May 27, 2024

BANKING & FINANCE>>
A Community Asset
Mary McGovern Takes the Reins as President of Country Bank
“With a mutual bank, we feel we take a different approach with our customers, and our involvement in the community means a lot
to them. It’s a differentiator.”
BY JOSEPH BEDNAR
[email protected]
ountry Bank, according to its slogan, is “made to make a difference.”
Mary McGovern has taken that as a per- sonal challenge.
“I’ve been at several institutions, public institutions, that run a little differently than mutuals, hav-
ing to answer to shareholders every quarter,” said McGov- ern, who recently became Country’s first female presi- dent in its 174-year history. “With a mutual bank, we feel we take a different approach with our customers, and our involvement in the community means a lot to them. It’s a differentiator.”
McGovern brings three decades of context and
experience — at different types of institutions — to that philosophy.
Prior to her 13-year rise at Country Bank, where
she has served as chief financial officer, executive vice president, and chief operating officer, McGovern served in management roles at Danversbank, Capital Crossing Bank, and Boston Private Bank & Trust. Her areas of expertise include finance, operations, information tech- nology, retail banking, commercial lending, financial and credit analysis, compliance, risk, sales, and strategic busi- ness and relationship development.
“I started at Boston Private when it was a de novo with $80 million in assets. I was the 20th or 22nd per- son they hired. I came in on the ground floor in a finance role, in accounting, and grew with the department,” she recalled.
12 MAY 27, 2024
<< BANKING & FINANCE >>
BusinessWest