Raichelle L. Kallery has been named President and Chief Executive Officer of The Savings Bank, the first female to serve as President and CEO in the Bank’s 155-year history, and one of only 22 female President/CEOs in the 128 banking institutions in Massachusetts. She previously served as Executive Vice President and Chief Operating Officer of the Bank, with oversight of the retail business, commercial lending, marketing, sales, operations, and branch administration.
She succeeds Robert J. DiBella who retired as President and CEO on Dec. 31, after a 37-year career at The Savings Bank.
Since joining The Savings Bank in 2006, Kallery has driven the delivery of best-in-class solutions to customers, leading with the latest technological innovations. Under her leadership, The Savings Bank advanced its small business banking capabilities, most recently through a fully automated lending platform, TSB Business Direct, making the digital borrowing experience easier, and fueling segment growth, while ensuring the highest standards of data security.
As President and CEO, she will continue her focus on innovation and expansion through product and service delivery, and increased digital capabilities designed to improve the customer experience and efficiency. Kallery will also continue to build upon The Savings Bank’s commitment to give back to local communities and organizations, striving to strengthen not only financial wellbeing but also daily lives. Financial literacy initiatives, integral to The Savings Bank’s history, will also continue under her leadership.
Bank President Kallery started her career in the financial services with the Merrimack Valley Federal Credit Union in North Andover, where she was responsible for Marketing, with additional roles within the branch network. Since joining The Savings Bank as the Vice President of Marketing in 2006, she has been promoted to positions of increasing responsibility and leadership.
She received both her MBA in Applied Management and her bachelor’s degree in marketing management from Daniel Webster College. She is also a graduate of the Graduate School of Banking, University of Colorado.
Kallery serves on the Board of Trustees of Wakefield Bancorp, MHC, as well as the Boards of The Savings Bank, the Donald E. Garrant Foundation and TSB Charitable Foundation. She is a member of the Bank’s Asset Liability Management, Enterprise Risk Management, Executive, Technology and CRA/Fair Lending Committees.
In addition to her professional responsibilities at The Savings Bank, Kallery is active in the communities served by the Bank, including serving as a Board Member, Finance Committee Member and Nominating Committee Member for Emmaus, Inc. in Haverhill, and as a Board Member of the Commonwealth’s Economic Empowerment Trust Fund Board. She is also active in the Women in Business program with Merrimack Valley Chamber of Commerce and was designated as a YWCA Tribute to Women honoree.
“I am honored to serve as the 15th President and first female President and CEO of the Bank that was founded in 1869 and presided over by our first President, Cyrus Wakefield, for whom the town was re-named,” Bank President Kallery said. “When looking back on the Bank’s history, I am mindful of the position that I hold and the work of those that have come before me. I am especially grateful to my direct predecessor, Bob DiBella, who served with distinction and advanced the legacy upon which the Bank was built.”
Headquartered in Wakefield, Massachusetts, The Savings Bank is a $829 million locally owned and managed community bank serving Middlesex and Essex counties, and southern NH. The Bank has eight offices located in the communities of Wakefield, Lynnfield, Andover, North Reading, and Methuen, Massachusetts.