The Cooperative Bank of Cape Cod has appointed Erik Porter to serve as its Chief Financial Officer.
Porter, an accomplished financial services industry executive with more than two decades of experience, joins The Coop from Metro Credit Union, where he most recently held the position of Chief Financial Officer. He has also served in senior leadership roles at Cape Cod Five Cents Savings Bank, CFGI, Wainwright Bank & Trust and Wolf & Company P.C.
Porter succeeds Mark Linehan, The Coop’s longtime Executive Vice President, Chief Financial Officer and Treasurer, who will be retiring this year.
“Erik brings a wealth of expertise and extensive knowledge of the banking market on Cape Cod and southeastern Massachusetts to The Coop,” said Lisa Oliver, Chair, President and CEO, The Cooperative Bank of Cape Cod. “His proven leadership skills, communications acumen and business vision will be an immediate asset to the bank and the communities it serves. As we welcome Erik to the team, it is bittersweet to say farewell to Mark Linehan. I sincerely thank Mark for his years of service to The Coop and wish him a long, healthy and happy retirement. He will be missed.”
In his new role at The Coop, Porter will assume responsibility for treasury, budgeting, tax, accounting, asset and liability management and financial control activities. He will also plan, direct and control the bank’s overall financial plans and policies, accounting practices and relationships with lending institutions and the financial community.
“I’m thrilled to have an opportunity to join The Coop, a bank that has been renowned for its customer service and community commitment for more than a century,” said Porter. “I look forward working collaboratively with The Coop team to achieve the bank’s strategic goals.”
Porter holds a bachelor’s degree with concentrations in Accounting, Finance and Economics from Western New England College. He is also an honors graduate of the American Bankers Association’s Stonier Graduate School of Banking, where he also earned the Wharton Leadership Certificate from The Wharton School, Aresty Institute of Executive Education at the University of Pennsylvania.
Active in professional organizations and community affairs, Porter is a former President and member of the Board of Directors of the Boston Chapter of the Financial Manager’s Society and previously served on the Board of Directors of The Family Pantry of Cape Cod for more than three years.