Rich Spencer, president and CEO of North Easton Savings Bank, has been elected to the 20-member Board of Directors of the Massachusetts Bankers Association (MBA) at its 2023 Annual Meeting. 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 Rich Spencer who provide expertise and experience that enable us to achieve our priorities of providing exceptional resources, advocacy and thought leadership for our members, strengthening them as they serve their clients and communities,” according to MBA’s President and CEO Kathleen Murphy. “The market knowledge that Mr. Spencer 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.”
“Banking is all about building partnerships and supporting the common goals of area residents as well as businesses. I am honored to be joining the MBA Board of Directors as the Association’s 118-year history of success has been powered by mutually beneficial collaboration and resource sharing across banks of all sizes,” remarked Spencer. He continued, “I’m looking forward to being a part of this great Board and supporting the innovation currently occurring across Massachusetts’ banking industry and in our surrounding communities.”
About North Easton Savings Bank
Rated as one of the top banks in Massachusetts by Forbes, with over $1.4 billion in assets, North Easton Savings Bank is uniquely situated to provide personal and commercial banking and lending solutions to southeastern Massachusetts. Founded in 1864, North Easton has a proven track record of growing the community through fair banking practices, financial advising, and local philanthropy. Looking forward, North Easton is well-positioned as the preferred area banking partner with a powerful combination of convenient features like mobile and online banking and the personal, hometown touch of a local bank. North Easton Savings Bank is fully insured by the FDIC and the DIF and is an Equal Housing Lender. For more information, please visit NorthEastonSavingsBank.com.
About Massachusetts Bankers Association
The Massachusetts Bankers Association represents 120 commercial, savings, cooperative, and federal savings banks and savings and loan associations with nearly $500 billion in local deposits, 70,000 employees across Massachusetts and New England, nearly 2,000 banking locations, more than 4,500 ATMs, and donate more than $105 million annually to social agencies and charitable organizations across the Commonwealth.
