Cape Cod 5 Promotes Stephen Johannessen to Chief Financial Officer
for The Cape Cod Five Cents Savings Bank
FOR IMMEDIATE RELEASE: October 11, 2019
Contact: Stephanie Dennehy for further information at 508-247-1605 or
Cape Cod 5 is pleased to announce the promotion of Stephen Johannessen to Chief Financial
Officer. He will retain his existing titles of Senior Vice President and Treasurer and will continue
reporting to Matt Burke, Co-President.
“Steve has demonstrated strong leadership skills while leading our Accounting and Finance
teams and while working to enhance Cape Cod 5’s Data Analytics capabilities,” said Dorothy A.
Savarese, Chair and CEO of Cape Cod 5. “This well-earned promotion is a direct reflection of
his commitment to the financial strength of our institution and to the continued evolution of the
Bank as we work together to meet the needs of our customers as their trusted advisor.”
Johannessen joined Cape Cod 5 in 2013 as Financial Project Manager and most recently held the
role of Treasurer. Prior to joining Cape Cod 5, Johannessen served as Audit Manager at a
national public accounting and advisory firm where he earned his Certified Public Accounting
license. He holds a Master of Finance Degree from Sawyer Business School at Suffolk
University and a Bachelor of Science degree in Accountancy from Providence College.
About Cape Cod 5
Founded in 1855, Cape Cod 5 is an independent state-chartered financial institution with over $3.4 billion in
assets. Through its 26 offices, Cape Cod 5 offers a broad range of financial products and services to customers living
and working on Cape Cod, Martha’s Vineyard and Nantucket and in Southeastern Massachusetts communities.
Products and services include consumer and commercial banking products; residential mortgages; investment
management and trust services. Member FDIC. Equal Housing Lender. NMLS #401717.