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  • Cape Cod 5 Promotes Chris Richards to Executive Vice President


    for The Cape Cod Five Cents Savings Bank
    FOR IMMEDIATE RELEASE: November 22, 2019
    Contact: Stephanie Dennehy for further information at 508-247-1605 or

    Cape Cod 5 Promotes Chris Richards
    to Executive Vice President

    Dorothy Savarese, Chair & CEO of Cape Cod 5, recently announced the promotion of Chris Richards,
    Chief Banking Services Officer, to Executive Vice President. Chris will continue to serve as Chief
    Banking Services Officer and report to Bert Talerman, Co-President.

    Chris was promoted to SVP, Chief Banking Services Officer in 2015, leading retail banking and
    operations, treasury management and the customer service center. His scope of oversight has
    significantly increased to include development of the Bank’s Relationship Team model and serves as the
    executive overseeing the Bank’s 10 regional Relationship Teams. He is a nationally recognized expert on
    the subject of payments technologies, serving on multiple related boards and advisory committees.

    “Chris embodies what we call our “One Bank” philosophy of working together across the Bank to support
    each customer with the products, services, tools and advice they need to achieve their unique financial
    goals,” said Savarese. “He continues to move Cape Cod 5 forward with a focus on continuous
    improvement of service to customers and community members through innovative thinking and iterative
    learning, and by making all feedback actionable.”

    Richards is an active member of the local community and currently serves in a variety of roles for non-
    profit organizations, including vice chair of the board of directors for Heritage Museums and Gardens;
    assistant treasurer of the Cape Cod Community College Educational Foundation; member of the Ricciardi
    College of Business Advisory Board at Bridgewater State; chair of Mass Hire Cape & Islands Workforce
    Board; immediate past chair of the Cape Cod Canal Region Chamber of Commerce; member of the
    Business Administration Program Advisory Committee; member of the loan committee of Coastal
    Community Capital; treasurer of the Sandwich 100 Club and director of Sandwich Little League.

    He holds a bachelor’s degree in History and Secondary Education from Bridgewater State University. He
    completed the master’s program in payments from NACHA Payments Institute at Emory University and
    holds the Accredited Payments Risk Professional (APRP) designation. He is currently enrolled in the
    Stonier Graduate School of Banking program.

    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, Nantucket and in Southeastern Massachusetts communities. Services

    include consumer and commercial banking products; residential mortgages; investment management and trust
    services. Member FDIC