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India

Meridian Bancorp Inc (MARYLAND) (EBSB.OQ)

EBSB.OQ on NASDAQ Stock Exchange Global Select Market

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7 Aug 2020
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Summary

Name Age Since Current Position

Richard Gavegnano

72 2018 Chairman of the Board, President, Chief Executive Officer

Kenneth Fisher

41 2020 Chief Financial Officer, Executive Vice President, Treasurer

John Carroll

53 2014 Chief Operating Officer, Executive Vice President

Edward Merritt

60 2016 Executive Vice President - Business Development, Community Reinvestment, Corporate Secretary, Director

John Migliozzi

62 1998 Executive Vice President - Real Estate Lending

Frank Romano

65 2011 Executive Vice President - Corporate Banking

Cynthia Carney

70 2016 Independent Director

Marilyn Censullo

62 2007 Independent Director

Russell Chin

64 2016 Independent Director

Anna DiMaria

74 2006 Independent Director

Domenic Gambardella

74 1995 Independent Director

Thomas Gunning

66 2010 Independent Director

Joyce Murphy

67 2018 Independent Director

Gregory Natalucci

74 2002 Independent Director

Peter Scolaro

66 2018 Independent Director

Biographies

Name Description

Richard Gavegnano

Mr. Richard J. Gavegnano serves as Chairman of the Board, President, Chief Executive Officer of the Company. He was in the investment business for 37 years with national New York Stock Exchange member firms, and retired in 2006 ending his career as a Vice President with A.G. Edwards & Sons, Inc. He has been associated with East Boston Savings Bank (the “Bank”) for over 40 years serving as corporator, trustee and director. Mr. Gavegnano has served as Chairman of the Board of East Boston Savings Bank and the Company since 2003 and 2006, respectively. In 2007, Mr. Gavegnano was appointed Chief Executive Officer of the Company and Investor Relations Officer of the Company, and in 2014 was appointed President of East Boston Savings Bank and the Company. Mr. Gavegnano serves on the Federal Reserve Bank of Boston’s Community Depository Institutions Advisory Council. Mr. Gavegnano has experience in business development, commercial real estate and investments. Mr. Gavegnano’s positions as Chairman of the Board and Chief Executive Officer foster clear accountability, effective decision-making, a clear and direct channel of communication from senior management to the full Board, and alignment on corporate strategy.

Kenneth Fisher

Mr. Kenneth R. Fisher has been appointed as Chief Financial Officer, Executive Vice President, Treasurer of the Company effective 6/1/2020. He has been serving as the Controller of the Bank for the past ten years. Mr. Fisher is a Certified Public Accountant who, prior to joining the Bank, was Treasurer at Beverly National Bank (now People’s United Bank) after serving five years in public accounting at Parent McLaughlin & Nangle, CPAs (now Marcum LLP).

John Carroll

Mr. John A. Carroll serves as Chief Operating Officer, Executive Vice President of the Company. Mr. Carroll previously served as our Chief Information Officer. Previously, Mr. Carroll served as Senior Vice President, Operations & Technology for nearly eight years at DanversBank prior to its acquisition by People’s United Bank.

Edward Merritt

Mr. Edward J. Merritt serves as Executive Vice President - Business Development, Community Reinvestment, Corporate Secretary, Director of the Company. Previously, Mr. Merritt served as the President and Chief Executive Officer and a director of Mt. Washington Cooperative Bank for over 11 years. Mr. Merritt’s long-term experience with managing the day-to-day operations of a community banking institution provides additional banking management experience to the Board, and his experience operating in a community in which the Company previously had limited market penetration also provides the Board with additional perspective with respect to such market area and assists the Board in recognizing and assessing growth opportunities in that market area.

John Migliozzi

Mr. John Migliozzi serves as Executive Vice President - Real Estate Lending of the Company. Mr. Migliozzi was Executive Vice President, Real Estate Lending of East Boston Savings Bank, joined us in 1998. Mr. Migliozzi began his career with us as a Commercial Lender.

Frank Romano

Mr. Frank P. Romano serves as Executive Vice President - Corporate Banking of the Company. rom 2003 to 2011, he served at the former DanversBank as Senior Vice President, Group Head of Corporate Banking; prior to that, from 1999, he served at Warren Bank as Senior Vice President, Head of Middle Market Lending. Mr. Romano had similar roles at Eastern Bank and The Bank for Savings since 1983.

Cynthia Carney

Ms. Cynthia C. Carney serves as Independent Director of the Company. Ms. Carney has been the Principal/Broker of Carney & Company, LLC, for over 20 years. Previously, Ms. Carney worked as a Commercial Real Estate Broker at the Hamilton Company and a Corporate Marketing & Leasing Coordinator at Corcoran Management Company in Boston. Ms. Carney provides the Board with significant experience in commercial real estate, residential real estate marketing, sales and leasing, business generation and business referrals.

Marilyn Censullo

Ms. Marilyn A. Censullo CPA serves as Independent Director of the Company. She is a Certified Public Accountant, has been a partner in the accounting firm of Naffah & Company, P.C. since 2000, and has over 30 years of experience as an accountant. Ms. Censullo has significant experience with the application of generally accepted accounting principles and matters of business finance and business transactions. Ms. Censullo’s professional and business experience provides the Board with valuable insight into the accounting and public reporting issues faced by the Company and in assessing strategic transactions involving the Company.

Russell Chin

Mr. Russell L. Chin serves as Independent Director of the Company. Mr. Chin is the Principal of Chin Law Firm and has practiced law in Massachusetts since 1981. Prior to launching his law firm, he partnered at various law firms within Boston, including Holland & Knight, LLP, Sherburne, Powers & Needham, P.C. and Chin, Wright & Branson, P.C. Mr. Chin’s extensive experience representing major governmental authorities, large financial institutions, multi-national companies and individual clients both in the United States, and abroad provides the Board with significant expertise in legal and regulatory matters.

Anna DiMaria

Ms. Anna R. DiMaria serves as Independent Director of the Company. Ms. DiMaria has been an Attorney at Law with the Law Offices of Michael A. D’Avolio for over 20 years. Ms. DiMaria’s background as an attorney provides the Board of Directors with a unique perspective in addressing the legal requirements of the Company and its subsidiaries. Her professional experience also provides the Company with expertise in the areas of real estate and estate law.

Domenic Gambardella

Mr. Domenic A. Gambardella serves as Independent Director of the Company. Mr. Gambardella is the former owner and President of Meridian Insurance Agency Inc., an insurance agency, and was the owner of a financial services firm focused on small businesses. Mr. Gambardella’s experience as President of an insurance agency gives him unique insights into the Company’s challenges, opportunities and operations in the insurance products field and generally in the area of wealth management and non-depository products that are offered by the Company and its subsidiaries.

Thomas Gunning

Mr. Thomas J. Gunning serves as Independent Director of the Company. Mr. Gunning is Executive Director of Building Trades Employers Association, a multi-trade organization that represents over 250 contractors affiliated with 11 different building trade unions. Mr. Gunning’s experience in legislative matters, labor relations and contract negotiations brings the Board of Directors the perspective of someone who is familiar with all facets of labor matters. Mr. Gunning served as a director of Mt. Washington Co-operative Bank since 2008 and became a director of the Company as result of the Bank’s acquisition of Mt. Washington Co-operative Bank in 2010.

Joyce Murphy

Ms. Joyce A. Murphy serves as Independent Director of the Company. She retired in August 2018 as the Executive Vice Chancellor and Chief Executive Officer of Commonwealth Medicine, the public service and operations division of University of Massachusetts Medical School (“UMMS”). Prior to joining UMMS in 2006, Ms. Murphy served for nine years as the President and Chief Executive Officer of Carney Hospital, a community teaching hospital located in Boston. Ms. Murphy currently serves as Director on the Curry College Board of Directors. Ms. Murphy’s extensive leadership experience, as well as her knowledge of the Boston market, are valuable in assisting the Board of Directors with evaluating strategic planning initiatives.

Gregory Natalucci

Mr. Gregory F. Natalucci serves as Independent Director of the Company. Mr. Natalucci is a former auditor with CNA Financial Corporation, a commercial and property-casualty insurer. Mr. Natalucci practiced in this field for over 35 years. In connection with his position with CNA Financial he gained extensive knowledge of audit practices and of the insurance industry. Mr. Natalucci’s experience provides the Board with experience when assessing the Company’s accounting and internal audit practices and with respect to its insurance needs in general.

Peter Scolaro

Mr. Peter F. Scolaro serves as Independent Director of the Company. He is the Director of Property Services for Action for Boston Community Development (ABCD). Mr. Scolaro’s experience with ABCD preparing budgets and overseeing property and construction management benefits the Company with respect to real estate and construction lending. Mr. Scolaro has been affiliated with the Bank since 1984 as both corporator and trustee.

Basic Compensation