Marlborough, MA (January 29, 2013) – St. Mary's Credit Union is pleased to announce the appointment of James “Jim” C. Garvey as President and Chief Executive Officer. Prior to joining St. Mary’s Credit Union, Jim was President & CEO of Borel Private Bank in San Mateo, California and Charter Private Bank in Seattle - both subsidiaries of Boston Private Financial Holdings. Mr. Garvey also led Flagship Bank and Trust in Worcester, MA from 2001 through 2009, when the bank was acquired. Previously, Mr. Garvey also held positions at Safety Fund National Bank in Fitchburg, MA and Shawmut Bank.
“St. Mary’s Credit Union is extremely excited to have someone with Mr. Garvey’s credentials and experience to lead our organization as we embark on our second century of service to our membership. We are confident the Credit Union will continue to experience the same level of success and service under his leadership as it has enjoyed throughout our rich history,” said Gerard P. Richer, Chairman of the Board.
Jim will take over the reins on February 19th from Thomas H. Wellen who has served in an interim capacity since June 2012.
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Mr. Garvey is originally from Worcester, Massachusetts. He received his MBA from Boston University and his B.A. in Business Administration from the University of Miami.
"My wife and I are excited to be returning home. St. Mary's has a well-earned reputation for its commitment to the community and its members, and I am looking forward to being a member of the St. Mary's Credit Union family,” said Mr. Garvey.
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Founded in 1913 and currently with assets in excess of $600 million, St. Mary’s Credit Union is a full service, state chartered financial institution headquartered in Marlborough with additional branches in Hudson and Northborough and with a branch opening in Westborough in July 2013.
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