The Cooperative Bank of Cape Cod announced that Lisa Oliver, the bank’s president and CEO, has been appointed chairman of the board of directors. Oliver is the first member of the board to hold this designation in the bank’s nearly 100-year history.
“Lisa’s experience, passion, and leadership have been instrumental on the board since day one, and we’re thrilled to see her step into the role as chairman,” said Sheila Vanderhoef, the board’s lead director. “This designation is particularly appropriate at this time as the bank has grown to more than $1 billion in assets and Lisa continues to be a remarkable steward for the bank as we navigate the industry’s rapidly changing landscape.”
In 2017, Oliver, who has more than 30 years financial services experience, became the fifth president and CEO of The Coop since its founding in 1921, and the bank’s first female chief executive. Under Oliver’s leadership, the bank has grown to more than $1.08 billion in assets, became a Small Business Association preferred lender, and expanded its digital and mobile banking platforms and services. To foster open dialogue and new ideas in the workplace, Oliver encouraged and established The Coop’s Innovation Group and Diversity and Inclusion Council.
“I’m honored by the board’s confidence and look forward to continuing to develop strategies that help our customers, our businesses, and our communities thrive,” said Oliver. “As we navigate the current world crises, banks are uniquely poised to be a force of positive change. We have a talented and diverse board that is committed to finding innovative ways to cultivate change and vibrant communities.”
Oliver is a passionate advocate for volunteerism and helped launch The Cooperative Bank of Cape Cod Charitable Foundation Trust in 2018. She is also a board member of Massachusetts Bankers Association, The Cape Cod Foundation and Cape Cod Chamber of Commerce; an ambassador for the YMCA of Cape Cod and a member of Women United, an affinity group of the Cape & Islands United Way.