Florence Bank CEO to retire in November

Florence Bank in Massachusetts is looking for a new CEO. 

The $1.9 billion-asset bank said in a press release Tuesday that Kevin Day will also retire as its president on Nov. 25. The bank said it is already searching for his successor.

Day joined the bank in 2008 as its chief financial officer. He became president in January 2020 and CEO a few months later. 

“Our goal in this transition is to identify an individual to lead the bank into the future while preserving the values and mission of the past that have proven so successful here,” Day said in the release. 

“We have an experienced executive management team, a solid officer team and a dedicated staff,” Day added.  

“We plan to be thorough in our work and have as a major part of our mission seeking to hire an individual who is as committed to the bank’s mutual form of ownership as we are,” John Ebbets, the bank’s chairman, said in the release. “We can ensure the community that Florence Bank will remain a local, independent bank for years to come.”