The former head of the Martha’s Vineyard Savings Bank, who left last year under circumstances that were never fully explained and now has been permanently barred from banking by federal regulators, said in a statement this week that the allegations against him by the Federal Deposit Insurance Corporation are unfounded and without substance.
Martha’s Vineyard Savings Bank, with assets in excess of a half billion dollars, net earnings approaching four million dollars and a new, experienced community banker firmly at the helm seems to be on a solid course.
The bank clearly stumbled last year, but the extent, nature and impact of whatever improprieties occurred are still frustratingly unclear.
The former head of the Martha’s Vineyard Savings Bank who left last year under circumstances that were never fully explained, has been permanently
The Martha’s Vineyard Savings Bank Charitable Fund awarded $7,132 in grants to four community groups and nonprofits, it announced this week.
The Martha’s Vineyard Center for Living, Martha’s Vineyard Chamber Music Society, Martha’s Vineyard Youth Leadership Initiative and Women Empowered to Make Healthy Choices, Inc. will each receive grants this fall.
A South Shore bank executive has been named president and chief executive officer of the Martha’s Vineyard Savings Bank, trustees announced on Thursday.
Paul Falvey, 48, is a resident of Hingham and currently president and chief executive officer of the Holbrook Cooperative Bank. His 25-year career in banking began at the Bank of New England and includes experience in restructuring and working closely with bank regulators, a press release issued by the bank said.
The Gazette has been pretty fearless in exposing dredging errors, environmental threats and the like on the Vineyard, but I wonder if you would consider also covering the lawsuit against Pie in the Sky Bakery in Woods Hole that the Martha’s Vineyard Saving Bank is carrying out?