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Medway Co-operative Bank Hires Robert E. Leist as CFO

Aug 18, 2008, Medway, MA—Medway Co-operative Bank is delighted to announce the recent hire of Robert E. Leist in the newly created position of Senior Vice President and Chief Financial Officer. The community-based financial institution continues to enrich its employee talent base by seeking out seasoned professionals with considerable expertise in highly specialized fields.

In his new role at Medway Co-operative Bank, Leist has leadership responsibility for development and implementation of the strategic financial direction of the institution including: funding; asset and liability management; investment management; budgeting and accounting systems. 

Leist brings more than twenty-five years of financial management, accounting, and auditing experience to Medway Co-operative Bank Co-operative Bank. Among his many past achievements, he has served as Vice President & Chief Financial Officer of Grafton Suburban Credit Union, and Senior Vice President & Controller at Community National Bank.  Leist is a graduate of Colby College where he earned a BA in Economics. He currently resides in Medfield, MA with his wife and children.

We are proud to have hired a multi-talented, seasoned professional like Bob,” confirmed Jack Hamilton, President and CEO, Medway Co-operative Bank Cooperative Bank.  “His successful history of financial management at growing, profitable institutions will complement our existing management team and benefit our Bank as we open new offices in Bellingham and Mendon within the next year and continue to expand our product line.

Medway Co-operative Bank - with assets of $156 million - was founded in 1915 and offers a wide range of individual and business banking services, as the only purely mutual, solely local bank in the community. Medway Co-operative Bank has been voted the #1 Community Bank in Medway .  The Bank continues to earn the highest rankings for financial strength from nationally recognized bank-rating companies including a Four-Star Superior rating from Bauer Financial for 63 consecutive quarters.  Medway Co-operative Bank is a member of the FDIC and the SIF, and all deposits are insured in full. The Bank’s Main Office is located at 70 Main Street in Medway MA.  Medway Co-operative Bank operates a branch office in Medway High School during the school year.

For further information, visit www.medwaycoopbank.com or call 508.533.8661.