The Bank Slate


Cambridge Savings CEO announces plans to retire

Cambridge Savings Bank in Massachusetts is in the market for a CEO.

Wayne Patenaude announced his decision to retire from the $6.7 billion-asset bank in an internal email, according to the Boston Business Journal.

Patenaude will continue to run the bank as it looks for his successor.

Patenaude “is committed to actively participating in the CEO selection process” and a “seamless transition” to his successor, the bank said in a prepared statement. “We are immensely grateful for Wayne’s exceptional leadership and unwavering dedication, which have been instrumental in our growth and community support efforts.”

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