Monday, May 23, 2022

Cape Cod Five Cents names new CEO

Cape Cod Five Cents Savings Bank in Hyannis, Mass., has new leadership. 

The $4.6 billion-asset bank said last week that Matt Burke had become its CEO, while Bert Talerman was named its president. They each succeeded Dorothy Savarese, who will remain executive chairman for one more year. 

“Cape Cod 5 is an organization whose purpose and mission I have believed in since joining the bank 10 years ago, and I look forward to leading the institution in its next chapter,” Burke said in a letter posted on the bank’s website. 

“As a community bank, Cape Cod 5 is dedicated to enriching the lives of those we serve,” Burke added. “Becoming the bank’s next CEO is a privilege that I take very seriously.” 

Burke joined the bank in October 2012. He was the chief financial officer from 2014 to 2019 and co-president from 2019 until becoming CEO, according to his LinkedIn profile. 

Talerman joined Cape Cod in 2007. He was named co-president, along with Burke, in 2019. 

“It has been a privilege to serve Cape Cod 5 and our customers, community members and employees for nearly 30 years, and I look forward to continuing to support the bank’s mission … for the coming year,” Savarese said in a statement posted on her LinkedIn account.

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