Sunday, February 14, 2016

East Boston Savings Bank Honors Board of Director Vincent D. Basile

(EAST BOSTON) On January 12th, the Board of Directors and the management team of East Boston Savings Bank joined Chairman, CEO and President Richard J. Gavegnano for a reception to honor retiring Board of Director member, Vincent D. Basile.

The reception was held at the Rosaria Steakhouse and Function Facility in Saugus.

Mr. Basile has served as the Corporate Secretary of Meridian Bancorp, Inc. (formerly, Meridian Interstate Bancorp, Inc.) and has been a Corporator of Meridian Financial Services, Inc. since 1977. Throughout his career, he was a self-employed Management Consultant, a Clerk of Meridian Financial Services and held the position as a Regional Administrator in the Massachusetts Office of the Commissioner of Probation. In addition to his career contributions, he proudly served his country as a Lt. Colonel in the U.S. Army Reserve.

Mr. Basile has been an Independent Director of Meridian Bancorp, Inc. since 2002 and has since served as a member of the Board of Directors for East Boston Savings Bank until December 31, 2015.

“Vinny has truly been an asset to the growth and success of EBSB throughout the years, and his years of dedicated commitment and service to the bank will continue to speak volumes within the communities that we serve, said Gavegnano.

Founded in 1848, EBSB is a proven community bank that offers products and services that meet the deposit and financing needs of both consumers and businesses.  And customers can rest easy knowing that their deposits are fully insured by both the FDIC and Depositors Insurance Fund (DIF). 

East Boston Savings Bank currently operates 29 full-service branches in the greater Boston metropolitan area, and offers a variety of deposit and loan products to individuals and businesses located in its primary market, which consists of Essex, Middlesex and Suffolk counties.

Board Member Vinny Basile honored upon retirement from East Boston Savings Bank board (L-R) EBSB Board of Director member Edward Lynch and Domenic Gambardella ; Chairman, CEO and President Rich¬ard J. Gavegnano; Vincent D. Basile; and Jim DelRossi.

Source: East Boston Savings Bank