People: Meridian Interstate Bancorp Inc (EBSB.O)

EBSB.O on Nasdaq

25.92USD
23 Jul 2014
Price Change (% chg)

$0.32 (+1.25%)
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$25.60
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Volume
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$28.22
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Summary

Name Age Since Current Position

Richard Gavegnano

66 2014 Chairman of the Board, President, Chief Executive Officer

Mark Abbate

58 2010 CFO, Senior Vice President, Treasurer of Meridian Interstate Bancorp and East Boston Savings Bank

John Carroll

47 2014 Chief Operating Officer

John Migliozzi

56 Executive Vice President of East Boston Savings Bank

Vincent Basile

74 Corporate Secretary, Lead Independent Director

Thomas Gunning

60 2010 Director

Edward Lynch

72 1997 Director

Edward Merritt

54 2010 Director

James Sartori

70 1991 Director

Marilyn Censullo

56 2007 Independent Director

Anna DiMaria

68 2004 Independent Director

Richard Fernandez

71 2008 Independent Director

Domenic Gambardella

67 1994 Independent Director

Carl LaGreca

68 2009 Independent Director

Gregory Natalucci

68 2002 Independent Director

Biographies

Name Description

Richard Gavegnano

Mr. Richard J. Gavegnano is Chairman of the Board, President, Chief Executive Officer of Meridian Interstate Bancorp, Inc. He was in the investment business for 37 years with national New York Stock Exchange member firms, and retired in 2006 ending his career as a Vice President with A.G. Edwards & Sons, Inc. He has been associated with East Boston Savings Bank for 39 years serving as corporator, trustee and director. Mr. Gavegnano has served as Chairman of the Board of East Boston Savings Bank, Meridian Interstate Bancorp, Inc. and Meridian Financial Services since 2003, 2006 and 2003, respectively. In 2007, Mr. Gavegnano was appointed Chief Executive Officer of Meridian Interstate Bancorp, Inc. and Meridian Financial Services and Investor Relations Officer of Meridian Interstate Bancorp, Inc.

Mark Abbate

Mr. Mark L. Abbate, CPA, is Senior Vice President, Treasurer and Chief Financial Officer of Meridian Interstate Bancorp, Inc. and East Boston Savings Bank, a subsidiary of the company since January 2010. From July 2009 to December 2009, Mr. Abbate served as Chief Financial Officer of Home Loan Investment Bank, FSB, Warwick, Rhode Island. From December 2007 through July 2009, Mr. Abbate was Executive Vice President and Chief Financial Officer of Service Bancorp, Inc. and Strata Bank of Franklin, Massachusetts. From March 2006 through December 2007, Mr. Abbate was a consultant based in Boston providing project consulting leadership to financial institutions in need of finance, accounting and risk management support.

John Carroll

Mr. John A. Carroll is Chief Operating Officer of the Company. Mr. Carroll joined the Bank in 2012, serving as Chief Information Officer. Previously, he served as Senior Vice President, Operations & Technology for nearly eight years at DanversBank, now People’s United Bank.

John Migliozzi

Mr. John Migliozzi is Executive Vice President of East Boston Savings Bank, a subsidiary of Meridian Interstate Bancorp Inc. He joined the Company in 1998. Mr. Migliozzi began his career with the Company as a Commercial Lender.

Vincent Basile

Mr. Vincent D. Basile is Corporate Secretary, Lead Independent Director of Meridian Interstate Bancorp Inc., since 2002. He has been a Corporator of Meridian Financial Services since 1977. He is a self-employed management consultant who has published articles on management leadership in national journals and has served as Clerk of Meridian Financial Services and East Boston Savings Bank since 2007 and has served as the Corporate Secretary of the Company since its formation. Mr. Basile’s knowledge of best management practices, corporate governance matters and his contacts with local community leaders, politicians and municipalities gives him insights into the Company’s challenges and opportunities in its lending area and in assessing and securing the location of branches and offices. Previously, Mr. Basile was a Regional Administrator in the Massachusetts Office of the Commissioner of Probation, and served as the Chairman of the Board of Omega Marketing, formerly an East Boston-based manufacturer of high performance life jackets. Mr. Basile is also a retired Lt. Colonel in the U.S. Army Reserve. He has been a Corporator of Meridian Financial Services since 1977.

Thomas Gunning

Mr. Thomas J. Gunning is Independent Director of Meridian Interstate Bancorp Inc since 2010. He is Executive Director of Building Trades Employers Association, a multi-trade organization that represents over 250 contractors affiliated with 11 different building trade unions. Mr. Gunning’s experience in legislative matters, labor relations and contract negotiations brings the Board of Directors the perspective of someone who is familiar with all facets of labor matters. Mr. Gunning served as a director of Mt. Washington Co-operative Bank since 2008 and became a director of the Company as result of the Company’s acquisition of Mt. Washington Co-operative Bank in January 2010. Mr. Gunning’s service with and knowledge of the operations, customers and employees of Mt. Washington Co-operative provide the Board with greater institutional knowledge of Mt. Washington and assist the Board with the integration of Mt. Washington Co-operative and maximizing the opportunities resulting from the merger.

Edward Lynch

Mr. Edward L. Lynch is Director of Meridian Interstate Bancorp Inc since 2001. He has been an Attorney at Law, Sole Practitioner, for the past 38 years specializing in real estate closings. His experience as a lawyer assists the Board in analyzing and addressing the legal requirements of the Company and its subsidiaries, including any litigation matters.

Edward Merritt

Mr. Edward J. Merritt is Director of Meridian Interstate Bancorp Inc since 2010. He serves as President of the Mt. Washington Division of East Boston Savings Bank and became a Board member as a result of the Company’s acquisition of Mt. Washington Co-operative Bank. Previously, Mr. Merritt served as the President and Chief Executive Officer and a director of Mt. Washington Cooperative Bank for over 11 years. Mr. Merritt’s direct experience in managing the operations and employees of Mt. Washington provides the Board of Directors with insight into the operations of Mt. Washington and assists the Board with the integration of Mt. Washington into the Company’s operations. Mr. Merritt’s long-term experience with managing the day-to-day operations of a community banking institution operating in a community in which the Company previously had limited market penetration also provides the Board with additional perspective with respect to such market area and assists the Board in recognizing and assessing growth opportunities in the market area in which Mt. Washington Cooperative Bank operated.

James Sartori

Mr. James G. Sartori is Independent Director of Meridian Interstate Bancorp Inc. He retired as Treasurer of Bandwagon, Inc., an importer and distributor company, in 2011. Mr. Sartori’s experience as Treasurer for over 37 years provides the Board with the perspective of someone experienced in financial and accounting issues.

Marilyn Censullo

Ms. Marilyn A. Censullo is Independent Director of Meridian Interstate Bancorp Inc since 2007. She is a Certified Public Accountant, has been a partner in the accounting firm of Naffah & Company, P.C. since 2000, and has over 30 years of experience as an accountant. Ms. Censullo has significant experience with the application of generally accepted accounting principles and matters of business finance and business transactions. Ms. Censullo’s professional and business experience provides the Board with valuable insight into the accounting and public reporting issues faced by the Company and in assessing strategic transactions involving the Company.

Anna DiMaria

Ms. Anna R. DiMaria has served as Independent Director of Meridian Interstate Bancorp Inc since 2006. She has been an Attorney at Law with the Law Offices of Michael A. D’Avolio for over 20 years. Ms. DiMaria’s background as an attorney provides the Board of Directors with a unique perspective in addressing the legal requirements of the Company and its subsidiaries. Her professional experience also provides the Company with expertise in the areas of real estate and estate law.

Richard Fernandez

Mr. Richard F. Fernandez is Independent Director of Meridian Interstate Bancorp Inc since 2008. He has been Chief Financial Officer at Stoughton Recycling Technologies, LLC since 2010 and has been a merger and acquisition/banking consultant since 2006. Mr. Fernandez was a Commercial Lending Regional Manager for Sovereign Bank from 2000 to 2006. Mr. Fernandez has 40 years commercial lending experience at several institutions, including Sovereign Bank, US Trust Company, and Shawmut Bank. Mr. Fernandez’s extensive knowledge in mergers and acquisitions is valuable in assisting the Board of Directors with evaluating strategic planning initiatives and growth opportunities, which from to time are important strategies for the Company.

Domenic Gambardella

Mr. Domenic A. Gambardella is Independent Director of Meridian Interstate Bancorp Inc since 1995. He was the former owner and President of Meridian Insurance Agency Inc., an insurance agency, and was the owner of a financial services firm focused on small businesses. Mr. Gambardella’s experience as President of an insurance agency gives him unique insights into the Company’s challenges, opportunities and operations in the insurance products field and generally in the area of wealth management and non-depository products that are offered by the Company and its subsidiaries.

Carl LaGreca

Mr. Carl A. LaGreca is Independent Director of Meridian Interstate Bancorp Inc. He is a Certified Public Accountant. He is the President of Forman, Itzkowitz, Berenson & LaGreca, PC, an accounting firm in Waltham, Massachusetts, where he has been employed for 28 years. Mr. LaGreca has significant expertise and background with regard to accounting matters, the application of generally accepted accounting principles and matters of business finance and business transactions. Mr. LaGreca’s professional and business experience provides the Board with valuable insight into the accounting and public reporting issues faced by the Company and in assessing strategic transactions involving the Company.

Gregory Natalucci

Mr. Gregory F. Natalucci is Independent Director of Meridian Interstate Bancorp Inc since 2002. He is an auditor with CNA Financial Corporation, a commercial and property-casualty insurer. Mr. Natalucci practiced in this field for over 35 years. In connection with his position with CNA Financial he gained extensive knowledge of audit practices and of the insurance industry. Mr. Natalucci’s experience provides the Board with experience when assessing the Company’s accounting and internal audit practices and with respect to its insurance needs in general.
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