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  • Cape Cod 5 Promotes Stephen Johannessen to Chief Financial Officer

    PRESS RELEASE

    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
    sdennehy@capecodfive.com

    Cape Cod 5 Promotes Stephen Johannessen to Chief Financial Officer

    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.