Donna Boulanger
Donna Boulanger, the longtime CEO of North Brookfield Savings Bank, retired on Friday, and current president Marco Bernasconi Jr. has taken over as CEO.
Boulanger will become chairwoman of the bank’s board of directors, with Roland Gauthier as vice-chair. Bernasconi, who has been president since April 2021, now also has the CEO role
“When I reflect on my time with North Brookfield Savings Bank what matters most to me is the dedicated group of employees that I have had the privilege to work alongside and the Board of Trustees who have always put the bank and its future at the top of all priorities,” Boulanger said in the statement. “They are the heart and soul of this Bank who truly embody the Core Values that were adopted in 2018 of excellence, teamwork, support of our community, act with integrity and share kindness.”
Boulanger was North Brookfield Savings Bank’s first female president. During her tenure as president and CEO, North Brookfield Savings Bank increased its assets from $165 million to over $350 million and raised capital from $21 million to $40 million, the statement said. Her tenure began in 2008, the start of the Great Recession, and ends with the pandemic over the past two years.
Boulanger was elected to the Federal Home Loan Bank of Boston’s board of directors in 2014 and is now as chair. She was the first female board member elected from the membership, the statement said.
She was also the first woman elected by the membership to serve as a director on the Depositors Insurance Fund’s board. She was also previously on the boards of the Massachusetts Bankers Association, the Massachusetts Charitable Foundation, and the Scholarship Fund and was on the Federal Reserve Bank of Boston’s Community Depository Institutions Advisory Council.
Marco Bernasconi
“I am honored to lead North Brookfield Savings Bank and continue upon Donna’s many successes,” Bernasconi said in the statement. “Her leadership and mentorship to the team has been unwavering, and she has prepared them well for this transition and change in leadership. I am proud to lead an organization that the community, auditors, and peers have so well regarded, and that is a product of Donna’s work.”
Bernasconi joined North Brookfield Savings Bank in April 2021 after spending 27 years at Connecticut-based core technology provider COCC.
“Donna’s unwavering leadership, community values, and lifetime achievements are nothing short of admirable,” Bernasconi said. “On behalf of North Brookfield Savings Bank, I wish Donna all the best on her new journey and look forward to partnering with her in her role as Board Chair.”
