Patrick Thorpe, President and CEO of BankGloucester has been elected to the 20-member Board of Directors of the Massachusetts Bankers Association (MBA) at its Annual Meeting in June. Founded in 1905, the MBA is the only Association representing FDIC-insured community, regional and nationwide banks serving consumer and business clients across the Commonwealth.
“As a dynamic industry, it is essential that the Association have perspectives of banking leaders like Patrick who provide expertise and experience that enables us to achieve our priorities of exceptional advocacy representation on Beacon Hill and in Washington, DC; high quality and timely training and education for professionals in the banking industry and communications and services that help strengthen our members, according to MBA’s President and CEO Kathleen Murphy. “The market knowledge that Patrick brings enables the Association to anticipate and respond to emerging banking needs and trends that help our members as they serve a very large consumer and business footprint across the Commonwealth.”
“I am pleased to be elected to the Board of Directors for our industry’s association, which has stood the test of time since its founding 116 years ago. Having over 30 years in the banking industry, including over 20 years leading BankGloucester, I believe that I will bring a perspective of the banking challenges and needs facing the people of Cape Ann and North Shore to the state association. I am excited to work with the other board members to continue to strengthen the community banking system in Massachusetts”, says Thorpe.
BankGloucester, a $330 million state-chartered mutual bank has been serving Gloucester and its neighboring communities since 1887. BankGloucester is headquartered at in Gloucester and has branches in Essex and Ipswich.
The Massachusetts Bankers Association represents 120 commercial, savings, cooperative, and federal savings banks and savings and loan associations which hold nearly $500 billion in deposits in over 2,000 banking locations in Massachusetts. Member banks employ 72,000 professionals across the Commonwealth and in New England and contribute more than $105 million annually to social agencies and charitable organizations across the Commonwealth.