PeoplesBank in Holyoke, Mass., has a new CEO lined up.
The $7 billion-asset bank said in a press release that Tom Senecal will retire at the end of this year. He will remain chairman.
Todd Tallman, CEO of Cornerstone Bank, will succeed Senecal as CEO. The holding companies for PeoplesBank and Cornerstone merged earlier this year, though the banks still operate separately.
Brian Canina will remain president of PeoplesBank and become president of the mutual holding company.
Daniel Zona will become Cornerstone’s president. Zona is president of Athol Savings Bank, which is merging with Cornerstone.