The Board of Directors of Wakefield Co-operative Bank is pleased to announce the appointment of Jeffrey A. Worth as President and Chief Executive Officer.
Chairman of the Board of Directors, Alfred A. Palmerino, commented “Jeff will bring substantial and widespread experience to this important position. His broad expertise in the areas of lending, retail delivery, information technology, alternative financial services, and risk management will provide a significant contribution to the continued growth and competitiveness of the bank.”
“His extensive banking experience, which includes previous positions as Senior Vice President of Business Product Sales at Salem Five Bank, Senior Vice President of the Salem Five Bancorp Holding Company, and interim President of Stoneham Savings Bank, presented impressive credentials to Wakefield Co-operative Bank.”
Board members reiterated earlier statements that Mr. Worth adds a new dimension to Wakefield Co-operative with strengths in human resources, strategic planning, retail products and services, finance, crisis management, and marketing.
Mr. Palmerino emphasized that in an ever-increasing digital era spanning all age groups, Mr. Worth’s vast experience in marketing and retail products and services will reflect an increasing growth area for the bank.
“Jeff Worth has a strong passion for community involvement which is notable throughout his banking career. He served as former Director of Stoneham Chamber of Commerce, former President of the Corporation and Chair of Stoneham Theatre, President of Stoneham Savings/Salem Five Charitable Foundation and as a member of Salem Five's Executive Management team.”
The Board of Directors is delighted to welcome Mr. Worth to the bank as he replaces outgoing President Michael Wolnik.