Edition:
United Kingdom

Meridian Bancorp Inc (EBSB.OQ)

EBSB.OQ on NASDAQ Stock Exchange Global Select Market

20.30USD
15 Dec 2017
Change (% chg)

$0.40 (+2.01%)
Prev Close
$19.90
Open
$19.90
Day's High
$20.35
Day's Low
$19.90
Volume
209,297
Avg. Vol
52,159
52-wk High
$20.70
52-wk Low
$15.88

Summary

Name Age Since Current Position

Richard Gavegnano

69 2014 Chairman of the Board, President, Chief Executive Officer

Mark Abbate

61 2010 Chief Financial Officer, Executive Vice President, Treasurer

Edward Merritt

57 2016 Executive Vice President - Business Development, Community Reinvestment, Corporate Secretary, Director

John Migliozzi

59 1998 Executive Vice President - Real Estate Lending

Frank Romano

62 2011 Executive Vice President - Corporate Banking

Cynthia Carney

67 2016 Independent Director

Marilyn Censullo

59 2007 Independent Director

Russell Chin

61 2016 Independent Director

Anna DiMaria

71 2006 Independent Director

Richard Fernandez

74 2008 Independent Director

Domenic Gambardella

71 1995 Independent Director

Thomas Gunning

63 2010 Independent Director

Carl LaGreca

70 2009 Independent Director

Gregory Natalucci

71 2002 Independent Director

James Sartori

73 2001 Independent Director

Biographies

Name Description

Richard Gavegnano

Mr. Richard J. Gavegnano serves as Chairman of the Board, President, Chief Executive Officer of the company. Mr. Gavegnano was in the investment business for 37 years with national New York Stock Exchange member firms, and retired in 2006 ending his career as a Vice President with A.G. Edwards & Sons, Inc. He has been associated with East Boston Savings Bank for over 40 years serving as corporator, trustee and director. Mr. Gavegnano has served as Chairman of the Board of East Boston Savings Bank and the Company since 2003 and 2006, respectively. In 2007, Mr. Gavegnano was appointed Chief Executive Officer of the Company and Investor Relations Officer of the Company, and in 2014 was appointed President of East Boston Savings Bank and the Company. Mr. Gavegnano serves on the Federal Reserve Bank of Boston’s Community Depository Institutions Advisory Council. Mr. Gavegnano has experience in business development, commercial real estate and investments. Mr. Gavegnano’s positions as Chairman of the Board and Chief Executive Officer foster clear accountability, effective decision-making, a clear and direct channel of communication from senior management to the full Board, and alignment on corporate strategy.

Mark Abbate

Mr. Mark L. Abbate serves as Chief Financial Officer, Executive Vice President, Treasurer of the company. From July 2009 to December 2009, Mr. Abbate served as Chief Financial Officer of Home Loan Investment Bank, FSB, Warwick, Rhode Island. From December 2007 through July 2009, Mr. Abbate was Executive Vice President and Chief Financial Officer of Service Bancorp, Inc. and Strata Bank of Franklin, Massachusetts. Mr. Abbate was also a Certified Public Accountant in California and served in various accounting and financial leadership roles in the banking industry since 1978.

Edward Merritt

Mr. Edward J. Merritt serves as Executive Vice President - Business Development, Community Reinvestment, Corporate Secretary, Director of the company. Mr. Merritt became a Board member as a result of the Bank’s acquisition of Mt. Washington Co-operative Bank. Mr. Merritt was also appointed Corporate Secretary in 2016. Previously, Mr. Merritt served as the President and Chief Executive Officer and a director of Mt. Washington Cooperative Bank for over 11 years. Mr. Merritt’s long-term experience with managing the day-to-day operations of a community banking institution operating in a community in which the Company previously had limited market penetration also provides the Board with additional perspective with respect to such market area and assists the Board in recognizing and assessing growth opportunities in the market area in which Mt. Washington Cooperative Bank operated.

John Migliozzi

Mr. John Migliozzi serves as Executive Vice President - Real Estate Lending of the company. Mr. Migliozzi was Executive Vice President, Real Estate Lending of East Boston Savings Bank. He joined the company in 1998. Mr. Migliozzi began his career with the company as Commercial Lender.

Frank Romano

Mr. Frank P. Romano serves as Executive Vice President - Corporate Banking of the company. He was Executive Vice President, Corporate Banking of East Boston Savings Bank, joined the company in 2011. From 2003 to 2011, he served at the former DanversBank as Senior Vice President, Group Head of Corporate Banking; prior to that, from 1999, he served at Warren Bank as Senior Vice President, Head of Middle Market Lending. Mr. Romano had similar roles at Eastern Bank and The Bank for Savings since 1983.

Cynthia Carney

Ms. Cynthia C. Carney serves as Independent Director of the company. Ms. Carney has been the Principal/Broker of Carney & Company, LLC, for over 20 years. Previously, Ms. Carney worked as a Commercial Real Estate Broker at the Hamilton Company and a Corporate Marketing & Leasing Coordinator at Corcoran Management Company in Boston. Ms. Carney provides the Board with significant experience in commercial real estate, residential real estate marketing, sales and leasing, business generation and business referrals.

Marilyn Censullo

Ms. Marilyn A. Censullo serves as Independent Director of the company. She has been a partner in the accounting firm of Naffah & Company, P.C. since 2000, and has over 30 years of experience as an accountant. Ms. Censullo has significant experience with the application of generally accepted accounting principles and matters of business finance and business transactions. Ms. Censullo’s professional and business experience provides the Board with valuable insight into the accounting and public reporting issues faced by the Company and in assessing strategic transactions involving the Company. Ms. Censullo is a Certified Public Accountant

Russell Chin

Mr. Russell L. Chin serves as Independent Director of the company. Mr. Chin is the Principal of Chin Law Firm and has practiced law in Massachusetts since 1981. Prior to launching his law firm, he partnered at various law firms within Boston, including Holland & Knight, LLP, Sherburne, Powers & Needham, P.C. and Chin, Wright & Branson, P.C. Mr. Chin’s extensive experience representing major governmental authorities, large financial institutions, multi-national companies and individual clients both in the United States, and abroad provides the Board with significant expertise in legal and regulatory matters.

Anna DiMaria

Ms. Anna R. DiMaria serves as Independent Director of the company. Ms. DiMaria has been an Attorney at Law with the Law Offices of Michael A. D’Avolio for over 20 years. Ms. DiMaria’s background as an attorney provides the Board of Directors with a unique perspective in addressing the legal requirements of the Company and its subsidiaries. Her professional experience also provides the Company with expertise in the areas of real estate and estate law.

Richard Fernandez

Mr. Richard F. Fernandez serves as Independent Director of the company. Mr. Fernandez has been Chief Financial Officer at Stoughton Recycling Technologies, LLC since 2010 and has been a merger and acquisition/banking consultant since 2006. Mr. Fernandez was a Commercial Lending Regional Manager for Sovereign Bank from 2000 to 2006. Mr. Fernandez has 40 years commercial lending experience at several institutions, including Sovereign Bank, US Trust Company, and Shawmut Bank. Mr. Fernandez’s extensive knowledge in mergers and acquisitions is valuable in assisting the Board of Directors with evaluating strategic planning initiatives and growth opportunities, which from to time are important strategies for the Company.

Domenic Gambardella

Mr. Domenic A. Gambardella serves as Independent Director of the company. Mr. Gambardella is the former owner and President of Meridian Insurance Agency Inc., an insurance agency, and was the owner of a financial services firm focused on small businesses. Mr. Gambardella’s experience as President of an insurance agency gives him unique insights into the Company’s challenges, opportunities and operations in the insurance products field and generally in the area of wealth management and non-depository products that are offered by the Company and its subsidiaries.

Thomas Gunning

Mr. Thomas J. Gunning serves as Independent Director of the company. Mr. Gunning is Executive Director of Building Trades Employers Association, a multi-trade organization that represents over 250 contractors affiliated with 11 different building trade unions. Mr. Gunning’s experience in legislative matters, labor relations and contract negotiations brings the Board of Directors the perspective of someone who is familiar with all facets of labor matters. Mr. Gunning served as a director of Mt. Washington Co-operative Bank since 2008 and became a director of the Company as result of the Bank’s acquisition of Mt. Washington Co-operative Bank in January 2010.

Carl LaGreca

Mr. Carl A. LaGreca serves as Independent Director of the company. He retired in January 2017 as the President of Forman, Itzkowitz, Berenson & LaGreca, PC, an accounting firm in Waltham, Massachusetts, where he was employed for over 30 years. Mr. LaGreca has significant expertise and background with regard to accounting matters, the application of generally accepted accounting principles and matters of business finance and business transactions. Mr. LaGreca’s professional and business experience provides the Board with valuable insight into the accounting and public reporting issues faced by the Company and in assessing strategic transactions involving the Company. Mr. LaGreca is a Certified Public Accountant.

Gregory Natalucci

Mr. Gregory F. Natalucci serves as Independent Director of the company. Mr. Natalucci is a former auditor with CNA Financial Corporation, a commercial and property-casualty insurer. Mr. Natalucci practiced in this field for over 35 years. In connection with his position with CNA Financial he gained extensive knowledge of audit practices and of the insurance industry. Mr. Natalucci’s experience provides the Board with experience when assessing the Company’s accounting and internal audit practices and with respect to its insurance needs in general.

James Sartori

Mr. James G. Sartori serves as Independent Director of the company. Mr. Sartori retired as Treasurer of Bandwagon, Inc., an importer and distributor company, in 2011. Mr. Sartori’s experience as Treasurer for over 37 years provides the Board with the perspective of someone experienced in financial and accounting issues.