Orleans, MA – Chair and CEO Dorothy Savarese has announced the promotion of Bert Talerman and Matt Burke to Co-Presidents of Cape Cod 5, reporting to her.
“This organizational realignment provides professional growth opportunity for these outstanding leaders, as well as other members of our senior team. With the full support of the entire Board, these promotions are a natural evolution of our Executive Team, as our institution has grown significantly in size, scale and complexity,” said Savarese. “I commend Matt, Bert and all of our employees for their continued dedication and service to Cape Cod 5’s mission of enriching lives – those of our customers, communities and employees.”
These promotions are tied to the strong leadership demonstrated by Talerman, who will now oversee all customer-facing areas including Commercial, Residential and Consumer Lending; Banking Services; and Wealth Management Services, and Burke, whose role has grown over the past year to include oversight of Accounting & Finance; Data Analytics; Information Technology Management; Digital; Project Management; Strategic Support and Facilities.
Savarese will continue as Chief Executive Officer and Chair of Cape Cod 5. In addition to leading strategy for and oversight of all areas of the Bank, she will maintain direct management of the executives in the areas of human resources, training and development, marketing, corporate communications, community engagement, information security, risk management, fraud prevention, legal and governance.
About Cape Cod 5
Founded in 1855, Cape Cod 5 is an independent state-chartered financial institution with over $3.4 billion in assets. Through its 26 offices, Cape Cod 5 offers a broad range of financial products and services to customers living and working on Cape Cod, Martha’s Vineyard, Nantucket and in Southeastern Massachusetts communities. Services include consumer and commercial banking products; residential mortgages; investment management and trust services. Member FDIC. Equal Housing Lender. NMLS #401717.
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