Fred Maloof Joins Commercial Banking Group at The Savings Bank as Vice President and Commercial Banking Officer

Fred Maloof of Lynnfield has joined The Savings Bank’s Commercial Banking Group as Vice President and Commercial Banking Officer. He brings extensive experience in banking and commercial lending with him to the Bank. Prior to joining The Savings Bank, Fred was associated with Reading Cooperative Bank as Vice President – Commercial Loan Officer. He has also worked with Northern Bank & Trust Co. and Lawrence Savings Bank / River Bank as a Commercial Lender, and with East Boston Savings Bank as Chief Appraiser and Mortgage Lending Officer. Fred received his Bachelor’s Degree in Finance from Northeastern University, and over the years, has completed coursework related to residential and commercial banking and finance. In addition to his professional affiliations, Fred has also served as Chairman of the Lawrence Salvation Army Advisory Board and as a Director of the Lawrence Downtown Parking Association. While serving as a Director of the Lawrence Habitat for Humanity, Fred helped build affordable homes in Lawrence and Methuen, as well as in Central America. Fred is qualified in Massachusetts Courts as an expert witness on real estate valuations. “The Savings Bank is excited to welcome Fred Maloof to our Commercial Banking Team,” Pete Johnston, Senior Vice President – Senior Commercial Banking Officer said. “His extensive commercial banking experience in the Bank’s primary market will be tremendous resource and asset for us and for his customers, and the high level of service Fred provides makes him a great fit for The Savings Bank.”