Cooperative Bank of Cape Cod in Yarmouth Port, Mass., has its next CEO lined up.
The $1.6 billion-asset bank said in a press release that Erik Porter will also become its president in October. Porter, who is the chief financial officer, will succeed Lisa Oliver, who is retiring.
“The talented and hardworking team at The Coop is one of the institution’s greatest strengths, and I look forward to collaborating with them as we deliver on our mission to be the best bank for Cape Cod,” Porter said in the release.