Liberty Bay Credit Union has named Lyndon Matteson as president.
The $675 million-asset institution of Braintree, Mass., said on Thursday that Matteson will succeed the current chief executive officer, Edward Lopes when the latter retires in late 2019.
Prior to joining Liberty Bay CU, the credit union noted that Matteson held executive positions at Upstate National Bank, Cobblestone Financial Group, Inc., Citizens Bank/Charter One Bank, and Key Bank.
“Lyn brings 30 years of banking experience to his new position,” Lopes said in a statement. “He has a deep background in retail as well as business banking. He is a strong advocate for community involvement and financial literacy, both of which we believe are competitive differentiators.”
Matteson himself stated that he looks “forward to building on Ed’s legacy when the time comes.”
Matteson received a Bachelor of Arts degree in Communication with a Minor in Business Management from the State University of New York, Plattsburgh.
Liberty Bay CU posted net income of about $431,000 through the first nine months of 2018, after recording a net loss of about $815,000 in the same period of 2017.
