Weymouth Man Named New CFO of Local Bank

A Weymouth native has been appointed the new chief financial officer at Weymouth Bank after spending the last 15 years at State Street Bank.


Scott Ambroceo advanced from an entry level portfolio accountant to vice president at State Street in Quincy and Boston.

Now he will return home to work for a local bank in  a town he knows very well. Ambroceo grew up in Weymouth and participated in the town’s youth sports leagues. At 22, he was elected a Weymouth Town Meeting member. After graduating from Weymouth High School, he earned a Bachelor of Science degree in accounting from Bridgewater State University in 1998.

As the son of a small business owner, Ambroceo is passionate about supporting local businesses and is excited to have the opportunity to become professionally involved in the South Shore community through his role of CFO at Weymouth Bank. 

“I am excited about being back in my hometown,” he said. “I look forward to working with our valued customers and helping expand our footprint within the communities we serve.”

Weymouth Bank President and CEO Robert Terravecchia spoke highly of Ambroceo.

“Scott's extensive financial experience and knowledge of the South Shore makes him uniquely qualified to join our senior management team,” he said in a written statement to Patch.

Weymouth Bank also recently hired Tim Acuff as its network administrator.

His responsibilities include managing the bank’s website content and maintaining the computer network on a day to day basis, including hardware and software support for the bank's 45 employees.

In addition, the bank promoted Daniel McKenna to vice president/chief technology officer.

McKenna began his career at Weymouth Bank as vice president of information technology in Sept. 2012 prior to his promotion in May.

He previously served as director of information technology at Jordan Hospital.

McKenna, a Middleboro resident, is a graduate of Dean College with an associates degree with high honors in computer science and is a member of Alpha Sigma Lambda.

Weymouth Bank is a full-service community bank serving the South Shore with offices in East Weymouth, South Weymouth, and Kingston.