Dorothy Savarese, Chairman, President and Chief Executive Officer of the Cape Cod Five Mutual Company, the sole shareholder of the Cape Cod Five Cents Savings Bank, will be the 2017 Commencement Speaker at the May 25th celebration of Cape Cod Community College, beginning at 4 p.m. at the Cape Cod Melody Tent in Hyannis, MA. Currently, Ms. Savarese serves as Chairman of the American Bankers Association, the united voice of America’s hometown bankers, small, regional and large banks that together employ more than 2 million individuals, hold nearly $17 trillion in assets, safeguard $12.8 trillion in deposits, and extend more than $9 trillion in loans.
President John Cox expressed the College’s pleasure that Ms. Savarese accepted the invitation.
“We are all extremely pleased that Ms. Savarese will speak to the College community at this milestone in the lives of students. While deeply connected to this region, her national position has brought her a very informed perspective on the road ahead for our graduates. She is just completing her service to our Board of Trustees, so she knows us well,” commented the College’s President. “We look forward to her to Commencement address.”
Locally, Ms. Savarese leads an independent, state-chartered savings bank founded in 1855. The Cape Cod Five has grown to over $3.0 billion in assets and employs over 450 people in its 27 facilities throughout Cape Cod, the Islands and Southeastern Massachusetts. Dorothy is Chairman of the Board of Trustees of the Cape Cod Five and Chairman of The Cape Cod Five Cents Savings Bank Charitable Foundation Trust, with $14.0 million in assets.
Dorothy started as a commercial lending officer at Cape Cod Five in 1993, was named Chief Operating Officer in 2004, and President and Chief Executive Officer in 2005. She is also the Chairman of the Board of Trustees of Cape Cod Five and Chairman of The Cape Cod Five Cents Savings Bank Charitable Foundation Trust. She is a former Chairman of the Massachusetts Bankers Association, a former Chairman and Board Member of the Cape Cod Chamber of Commerce Board of Directors, and has served on the American Bankers Mutual Insurance Ltd. Board and the FDIC Advisory Committee on Community Banking.
In addition to her role with the American Bankers Association, she is completing her term as Secretary of the Board of Trustees of Cape Cod Community College, and sits as a Board Member at Gosnold on Cape Cod, an addiction healthcare provider.
In 2016, Dorothy was named one of the 25 Most Powerful Women in Banking by American Banker magazine for the fifth consecutive year.
Dorothy holds an MBA from Suffolk University’s Sawyer Business School.