The Savings Bank in Mass. promotes insider as next CEO

The Savings Bank in Wakefield, Mass., will have a new leader in 2025.

The $821 million-asset bank said in a press release that Robert DiBella will retire as president and CEO on Dec. 31. DiBella, who has led the bank since 2016, will be succeeded by Raichelle Kallery, the bank’s chief operating officer.

“Bob DiBella’s presence … will be felt for years to come at both The Savings Bank and within the communities we serve,” Kallery said in the release.

“The Savings Bank has been a champion for hundreds of organizations that have been recipients of financial contributions and staff involvement,” she added. “It is that legacy that we continue to honor as we begin a new chapter.”