Diane Walker is a Director and President of Sage Bank. Ms. Walker has more than twenty-five years of experience as a senior banking executive. She brings a broad range of experience in public accounting and financial services in the areas of strategic planning, capital planning, financial reporting, SEC and regulatory reporting, risk management and corporate governance – while serving as an independent consultant for various small and mid-sized community banking organizations ranging in asset size from $50 million to over $5 billion.
Ms. Walker previously held positions as Vice President and Controller at Andover Bank, a $1.6 billion publicly traded company from 1991 until its acquisition by Banknorth in 2002; Executive Vice President, Treasurer and Chief Financial Officer of River Bank, and its parent organization LSB Corporation, a $800 million publicly traded company from 2006 until its acquisition by Peoples United Bank in 2010; and until 2014, Senior Vice President and Chief Financial Officer at the Lowell Five Cent Savings Bank, a mutually-owned bank with assets of $900 million at the time of her departure. Earlier in her career, she worked at Lowell Institution for Savings and KPMG. Ms. Walker was previously President of the Financial Managers Society of Boston, member of the Massachusetts Society of CPAs and served on the Federal Home Loan Bank of Boston Member Advisory Panel as well as several committees with the Massachusetts Bankers Association.
Ms. Walker earned her Bachelor of Business Administration in Accounting from the University of Massachusetts, Amherst and is a Certified Public Accountant. She has been an active volunteer in the Reading public school district and a fundraiser for multiple youth sports programs in her hometown and is currently a member of the Advisory Board of the Lazarus House Inc., a non-profit serving low income and homeless individuals with housing, clothing and job opportunities in Lawrence, Massachusetts.
Kenneth Bishop is a Director of the Bank and currently serves as the Chairman of its Board of Directors. Mr. Bishop is President, CEO and owner of Matec Instrument Companies, Inc (MIC), Northborough, MA. Mr. Bishop, began his career as a Non-Destructive Test Engineer for GE Aircraft Engines, Lynn, MA, He joined Matec Companies in 1989 as a Senior Scientist. Kenneth successfully worked his way up to become President of the three instrumentation companies and the ultrasound division of Valpey-Fisher Corporation in 1994; all subsidiaries of the publically traded Matec Corporation. In August of 1998 Kenneth purchased the assets of Matec Instruments Inc and Matec Applied Sciences with a small group of associates, taking the companies private.
The new entity became known as Matec Instrument Companies, Inc. This company is a provider of ultrasonic nondestructive testing machines designed and built for defect detection in engineered materials. In addition to the aerospace industry, Matec supplies automated systems for the railroad industry as well as primary metals manufacturers used in medical, oil and gas industries. Under his leadership Matec has grown to become a multi million dollar manufacturing and sales organization with employees doing business worldwide.
Matec Instrument Companies, Inc.’s clients include Boeing, Bell Helicopter, Alcoa, TIMET, RTI, Lockheed Martin, Sikorsky Aircraft, Gulfstream, Cessna, GE, Pratt & Whitney, CN Rail all industry leaders . Matec Instrument Companies, Inc. has manufacturing facilities in Northborough, MA and Wildomar, CA along with sales and service offices in Huntsville, AL and Raanana, Israel.
In addition to Matec Instrument Companies, Inc., Kenneth is President and CEO of BTO Industrial Machinery, a custom builder of CNC machine tools for various industries that have unique needs not filled by classic machine tool manufacturers.
Kenneth has an appreciation of the complexities involved in financing projects both domestically and internationally. He has successfully managed his various companies over the last 20 years through changing world economies.
Ken has a BS (84) and MS (85) in Mechanical Engineering from the University of Lowell, Lowell, MA.
Denise H. Bey is a Director of the Bank and the Managing Director of the Secondary Market Lending Division. Ms. Bey was the President and Founder of Omega Mortgage, as well as its sole stockholder. She obtained a bachelor’s degree from Boston University in 1978 and a master’s degree from Clark University in 1989. Ms. Bey began her career as Director of Government Housing Services for Rural Housing Improvement, Inc., a non-profit devoted to helping low and moderate income borrowers become homeowners throughout central Massachusetts. She occupied mortgage-lending positions at Homeowner’s Federal Savings and Loan and Mortgage Acceptance Corp., a subsidiary of Fitchburg Savings Bank. During Ms. Bey’s tenure at Mortgage Acceptance Corp., it became one of Fitchburg Savings Bank’s most valuable assets before being divested to the Money Store. In 1988 Ms. Bey founded Omega, intending to apply her years of customer service and mortgage lending experience at large financial institutions to benefit consumers seeking access to mortgage financing. In recent years, she has served on the Countrywide Advisory Council, the JP Morgan Chase Home Equity Advisory Board, and the Bank of America Advisory Council. Ms. Bey is Director and Treasurer of the Fitchburg Art Museum where she oversees a $16 million endowment.
Paul E. Capasso is a Director of the Bank. Mr. Capasso has been President of Capasso Realty Corp. of Newton, Massachusetts for the past fifteen years. Capasso Realty Corp. is a real estate developer, owner, builder and manager of residential apartments and commercial office and industrial space. As a building owner, builder and manager, Mr. Capasso’s expertise runs the full gamut of all aspects of real estate investment. Mr. Capasso has spent his entire business career in investment real estate. In addition to his real estate career, Mr. Capasso has served as a member of the Boards of Directors of two banks, Chart Bank of Waltham, MA and its successor Benjamin Franklin Bank of Franklin, MA since 1997. In his capacity on the Board of Directors of Chart Bank, Paul Capasso served on the Finance Committee and Security Committee. At Benjamin Franklin Bank, Mr. Capasso served on the Compensation Committee and the Executive Committee.
Thomas M. Zarrella is a Director of the Bank. Mr. Zarrella was President, CEO and Director of SustainX Corporation from July 2010 till September 2015. Prior to SustainX, from 2004 to 2009 he held leadership roles at GT Solar International, where he joined as President and COO and was made CEO in 2006. There he grew annual revenues from $9 million to $544 million, culminating in a successful IPO in 2008. Before GT Solar, Mr. Zarrella headed Schott Solar AG’s U.S. manufacturing operations, where he was instrumental in transforming the R&D-oriented company into a full-scale manufacturer of photovoltaic products. Mr. Zarrella previously directed manufacturing and North American operations for Instron Corporation, and also held management positions at companies including Revere Corporation, Sprague Meter (Textron, Inc.), and Sikorsky Aircraft (United Technologies). Mr. Zarrella holds a Bachelor of Science in mechanical engineering from the University of Connecticut and an MBA from the University of Bridgeport. He currently serves as Chairman of Pathways for Children in Gloucester, MA, and Director of the Hampshire House in Manhattan, NY.
Michael Lesburg is a Director of the Bank. Mr. Lesburg is a practicing Architect and manager of residential properties within his family portfolio and commercial properties for clients. A graduate of Rensselaer Polytechnic Institute (BS and B. Arch 1965) and Harvard (M.Arch in Urban Design 1972), he has worked as an Architect and urban designer for nominally fifty years. He attained registration status in eight states and is an emeritus member of the AIA and NCARB. Mr. Lesburg has served as a Director of Horizons for Youth in Sharon MA, Girls Club of Lynn, MA, Greater Boston Legal Services (MA) and Young Achievers Pilot Middle School in Mattapan, MA. He has also served as Trustee of the West End House Camp in Parsonsfield, ME; Clara Barton Camp for Girls with Diabetes in Oxford, MA and was President of the West End House Boys and Girls Club in Brighton, MA. Among myriad interests have been serving as faculty at the CourtCare Symposia of the Commonwealth of MA Trial Court and the Judicial Training Seminars on Court-Based Childcare, as well as an arbitrator/mediator for the American Arbitration Association and Better Business Bureau. As an architectural educator, Mr. Lesburg has served as an instructor at Rensselaer and Boston Architectural College, and as Assistant Professor of Architectural Engineering at Wentworth Institute. Mr. Lesburg has enjoyed meeting and observing the people, natural environment and culture of seven continents and fifty-three countries.