Meridian Bancorp, Inc Announces New Board Appointments

Richard J. Gavegnano, President, CEO and Chairman of Meridian Bancorp, Inc. and East Boston Savings Bank (EBSB) announces the elections of Carl LaGreca to Lead Director and Peter Scolaro to the Board of Directors for both Meridian Bancorp, Inc. and East Boston Savings Bank.

Mr. LaGreca’s succeeds Richard F. Fernandez, who served as Lead Director since 2015 and as a member of the Board since 2007. Mr. LaGreca will continue to serve as a member of Meridian Bancorp’s Audit Committee, a position he has held since 2009. The Lynnfield resident is a Certified Public Accountant at DiCicco, Gulman & Company, LLP of Woburn.  A graduate of Merrimack College, he also received a Master’s Degree in Taxation from Bentley College where he was awarded the Samuel Wolpe Memorial Award given to the outstanding student in the graduate tax program.

“We are excited to benefit from Peter’s thirty-four year affiliation with EBSB and his experience with ABCD preparing budgets and overseeing property and construction management and his many years of service to the East Boston community. His understanding of budgeting, finance and corporate strategy will enhance the board and we greatly look forward to his contributions” said Gavegnano.

Founded in 1848, EBSB is a proven community bank that offers products and services that meet the deposit and financing needs of both consumers and businesses.  And customers can rest easy knowing that their deposits are fully insured by both the FDIC and Depositors Insurance Fund (DIF).  East Boston Savings Bank currently operates 35 full-service branches in the Greater Boston metropolitan area, and offers a variety of deposit and loan products to individuals and businesses located in its primary market, which consists of Essex, Middlesex, Norfolk and Suffolk counties.

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