July 31, 2017
Lowell, MA – July 27, 2017 – Sage Bank President Diane L. Walker announced today the appointment of Kim A. Meader to the Sage Bank Board of Directors. Having served in leadership roles at several banks in New England, Mr. Meader brings a wealth of banking experience to the Board.
“I’m looking forward to working with Kim and gaining from his broad experience in commercial lending and retail banking,” said Walker. “As important, I also think we as a board will benefit from all that Kim understands about competitive and regulatory pressures facing community banks in particular and how best to succeed in spite of them.”
“I look forward to working with the Greater Lowell community and to expanding Sage Bank’s presence in the area for the benefit of our customers,” said Mr. Meader. “I also welcome the opportunity to collaborate with board members and staff as we extend Sage’s reach and build new customer relationships.”
Mr. Meader previously served as Executive Vice President of Business Lines at Salem Five Cents Savings Bank from 2004 until his retirement in December 2013. While in that role, he oversaw commercial and consumer lending, retail banking, e-commerce, insurance and investment services, and information technology. Prior to his career at Salem Five, Mr. Meader served as Chief Executive Officer and President of Citizens Bank of New Hampshire. He previously held various senior level roles and executive management positions with BankBoston, BayBanks and Bank of New England. Active in the community, Mr. Meader also serves on the board of various charitable and non-profit organizations on the North Shore.
With assets in excess of $140 million, Sage Bank has been serving the banking needs of the Greater Lowell community since 1885. With two full service banking centers, a lending and an operations center in Lowell, Massachusetts and a mortgage banking division with five residential lending centers throughout Massachusetts, Sage Bank offers customers commercial, residential and consumer products and services. All deposits are fully insured by the Federal Deposit Insurance Corporation (FDIC) and the Share Insurance Fund (SIF) of the Co-operative Central Bank.