{"id":6721,"date":"2018-01-12T12:41:34","date_gmt":"2018-01-12T17:41:34","guid":{"rendered":"https:\/\/www.northcentralmass.com\/?p=6721"},"modified":"2018-01-12T12:41:34","modified_gmt":"2018-01-12T17:41:34","slug":"bankhometown-ceo-retire","status":"publish","type":"post","link":"https:\/\/www.northcentralmass.com\/es\/bankhometown-ceo-retire\/","title":{"rendered":"BANKHOMETOWN CEO TO RETIRE"},"content":{"rendered":"

\"\"<\/a>bankHometown announced today that Michael D. Hewitt, its President and Chief Executive Officer, has decided to retire on June 30, 2018. Sam S. Pappas, Chairman of the Board, stated that \u201cWe have been very fortunate to have Mike Hewitt as the leader of our Bank since 2013. His vast banking experience and strong leadership will be missed by us all. We wish Mike all the best in retirement.\u201d
\nMike Hewitt joined the Bank in 2011 and was appointed President and Chief Executive Officer in 2013. The Bank has more than doubled in size under his leadership and is widely considered to be one of the best performing banks in the region. Mr. Hewitt added that \u201cI have truly enjoyed my time at bankHometown. I am grateful for having had the opportunity to work closely with the dedicated professionals on bankHometown\u2019s Board of Directors over the past five years. It goes without saying that I will miss my daily interactions with bankHometown\u2019s exceptionally talented staff and management team. With that said, after 40 years in banking, I am excited to turn my attention to spending more time with my family.\u201d<\/p>\n

To provide continuity and maintain the Bank\u2019s strategic direction, the bankHometown Board of Directors has chosen to fill Mike Hewitt\u2019s role with Matthew S. Sosik, the President and Chief Executive Officer of bankHometown\u2019s mutual holding company. Mr. Pappas added that \u201cThis decision maximizes our flexibility and leaves many strategic opportunities available to us. Matt formerly served as President and Chief Executive Officer of bankHometown for a period of 17 years up until 2013. We are fortunate to have someone with the familiarity and experience with bankHometown who can seamlessly fill Mike\u2019s role upon his retirement.\u201d<\/p>\n

bankHometown is headquartered in Oxford, Massachusetts and has $735 million in assets. In 2016, bankHometown merged its mutual holding company with that of bankESB, a $1.35 billion bank headquartered in Easthampton, Massachusetts. The two banks are now both subsidiaries of Hometown Financial Group, MHC, a $2.2 billion mutual holding company. The two banks operate autonomously and share many of their back office and administrative resources. Mr. Sosik stated that \u201cWe are committed to mutuality and strongly believe in the value of our mutual holding company model. We hope to attract other like-minded banks into our growing and successful company as scale and size have become critical elements of being successful in today\u2019s banking environment.\u201d Sosik further added that \u201cAs excited as I am about the future of our mutual holding company and our two affiliate banks, I am truly excited for Mike on his upcoming and well deserved retirement. Mike is a great banker, but he\u2019s an even better person, and all of us wish him the very best in his retirement later this year.\u201d<\/p>\n

bankHometown has served its communities since 1889 and operates thirteen full service offices; eight in central Massachusetts and five located in northeastern Connecticut. Depositors of bankHometown have their deposits insured by the Federal Deposit Insurance Corporation for amounts up to $250,000 with amounts in excess of $250,000 insured in full by the Share Insurance Fund, a private excess insurer.<\/p>","protected":false},"excerpt":{"rendered":"

bankHometown announced today that Michael D. Hewitt, its President and Chief Executive Officer, has decided to retire on June 30, 2018. Sam S. Pappas, Chairman of the Board, stated that \u201cWe have been very fortunate to have Mike Hewitt as the leader of our Bank since 2013. His vast banking experience and strong leadership will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6721","post","type-post","status-publish","format-standard","hentry","category-member-news"],"yoast_head":"\nBANKHOMETOWN CEO TO RETIRE » North Central Massachusetts Chamber of Commerce<\/title>\n<meta name=\"description\" content=\"bankHometown announced today that Michael D. Hewitt, its President and Chief Executive Officer, has decided to retire on June 30, 2018. Sam S. 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