Today BankGloucester announced its Board of Directors unanimously voted Paul T. Muniz as its chairman. He succeeds Charles G. Nahatis, who retired at the beginning of January.
Patrick B. Thorpe, president and CEO of BankGloucester said, “Paul has been a valuable member of the board of directors for over 22 years. His extensive legal background and strategic acumen position him well to help lead BankGloucester into a future of continued success.”
Muniz steps into the seat vacated by Charles G. Nahatis, a dedicated leader and resident of Manchester who served on the Board of Directors for 30 years, including the last seven as chairman.
Nahatis played a pivotal role in shaping BankGloucester’s strategic direction, fostering growth and innovation and upholding standards of corporate governance. Thorpe said Nahatis' tenure as chair from 2017 until his retirement this month "has been marked by exemplary leadership.”
Nahatis served as a successful insurance executive at John Hancock and founded, owned and operated Cape Ann Insurance Agency until it was purchased by the Salem 5 Bank.
Like Nahatis, Muniz has been a longtime independent director of BankGloucester, serving in that capacity since 2001 and chairing several of the board’s committees over the years. Born and raised in Gloucester and a graduate of Gloucester High School, Muniz earned a bachelor’s degree in economics from the College of the Holy Cross before attending Surface Warfare School and becoming a lieutenant in the U.S. Navy.
Following the Navy, Muniz attended law school and is currently a partner at the national law firm Lewis Brisbois. He is a former member of the City of Gloucester Capital Improvements Advisory Board, a former trustee of Lahey Health-Northeast Health Systems, and a former trustee of the Sawyer Free Library.
