Millbury Savings Bank announced that it has its first new president in more than two decades. The Bank promoted Robert J. Morton as President and Chief Operating Officer during its recent annual and board of trustees meetings. Morton will succeed President William J. Walsh. Mr. Walsh will still serve the Bank as its Chief Executive Officer until his planned retirement in January 2015.
More than 25 years in the banking industry, Morton served the Bank as Executive Vice President and Senior Loan Officer before his promotion. He has been with the Bank for 14 years. Before Millbury Savings Bank, he worked at Bay States Savings Bank as Vice President and Commercial Loan Officer. He also was an Assistant Vice President and Commercial Loan Officer at Shawmut Bank.
Morton is active in the community, serving as a board member of Worcester Business Development Corporation and Worcester State University Foundation. He is also a corporator of the American Red Cross of Central Massachusetts, and a member of the Swing for Wishes Golf Committee and the Worcester Economic Club.
Morton earned a bachelor’s degree from Worcester State University, obtained his MBA from Clark University, and received a certificate of advanced graduate study from Babson College.
About Millbury Savings Bank
Established in 1854, Millbury Savings Bank is a local, full-service bank with approximately $200 million in assets. For 91 consecutive quarters, the Bank earned the coveted 5-Star “Superior” rating from Bauer Financial Reports, Inc., of Coral Gables, Florida—the nation’s leading independent bank rating and research firm. To know more, visit the Bank’s website www.millburysavings.com.