COCC welcomes Marianne Smith, President & CEO of Cape Ann Savings Bank to the Board of Directors
COCC is pleased to announce the election of Marianne Smith, President and CEO of Cape Ann Savings Bank, to its Board of Directors.
Smith brings more than three decades of banking and financial leadership experience to the Board. She has served as President and CEO of Cape Ann Savings Bank since 2021, following her tenure as Executive Vice President and Chief Financial Officer. Her appointment marked a historic milestone as she became the 15th President, and the first female President in the bank’s 179-year history.
Smith began her career in banking in 1990 as an examiner with the Massachusetts Commissioner of Banks. Over the years, she has developed deep expertise in finance, operations, and regulatory reporting across multiple community banks.
In addition to her leadership at Cape Ann Savings Bank, Smith serves as a Director of the Massachusetts Bankers Association and is an advisory board member of the Massachusetts Bankers Association Women and Allies in Banking. She is also a board member of the Department of Developmental Services North Shore Citizen’s Advisory Board and a passionate supporter of Autism Speaks.
“I’m honored to join the Board of Directors at COCC,” said Marianne Smith, President & CEO of Cape Ann Savings Bank. “As both a client and a community banker, I’ve seen firsthand the value COCC brings to financial institutions. I look forward to contributing to its mission and helping shape its future.”
Smith will serve on COCC’s Planning & Finance and Audit Committees.
As a client-owned cooperative, COCC reinvests its profits directly into advanced technologies designed to benefit our clients. Our Board of Directors, led by Chairman, President & CEO Richard A. Leone, includes a diverse group of CEOs from financial institutions across our market, ensuring our growth remains closely aligned with our clients’ evolving needs.
“We are honored to welcome Marianne to our Board,” said Mr. Leone. “Her extensive experience in banking, strategic leadership, and community engagement will be invaluable as we continue to grow and innovate.”
With the newly chosen election to the Board comes the retirement of Patrick J. Murray, Jr., Chairman of Bristol County Savings Bank. Murray served with distinction on COCC’s Board for three years. He served in diverse roles and on numerous committees since 2021, most recently as Planning & Finance Committee and Personnel Committee. Murray offered strategic guidance and forward-thinking leadership that helped shape COCC’s continued success.
About Cape Ann Savings Bank
Cape Ann Savings Bank believes that a strong community is the foundation of a bright future. A pillar of Cape Ann since 1846, Cape Ann Savings has a robust, well-capitalized foundation and is dedicated to delivering exceptional products and services tailored to the customers’ individual banking needs through a comprehensive suite of products and services.
