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Hayes To Retire From CEO Post At Scituate Federal

Jan 27, 2014 | Reprints | Unlock Link | Print

Joseph C. Hayes will retire from his daily duties as chief executive officer of Scituate Federal Savings Bank, the bank’s board of directors announced today.

Richard L. Rowe, Jr. on left and Joseph C. Hayes on right

Richard L. Rowe, Jr., previously the president and chief operating officer, will assume the title of CEO upon Hayes’ retirement. Hayes will continue to serve as chairman of the bank’s board of directors.

Hayes had served as CEO of the bank for 23 years. Under his leadership, the bank has grown from $63 million to more than $270 million in assets and one location in Scituate to five offices covering the South Shore.

Rowe joined the bank in 1992 and previously served as treasurer and chief financial officer before assuming the roles of president and chief operating officer.

Banking & Lending