Cambridge Savings Bank in Massachusetts has hired new chief financial and marketing officers.
Michael Gilles was named CFO on Monday, the $2.5 billion-asset bank said. He succeeds Wayne Patenaude, who was promoted to president and chief executive in January.
Gilles was previously CFO and chief operating officer at Fidelity Cooperative Bank in Fitchburg, Mass., a position he had held since 2010. From 2004 through 2009, he held the CFO and COO roles at Beverly National Bank.
"Michael Gilles' extensive background and experience in the financial services industry as a community banker will greatly benefit Cambridge Savings Bank as the institution continues to expand its presence in eastern Massachusetts," Patenaude said in the news release.
In addition, Cambridge Savings has named Barbara Chambers chief marketing officer. She joins the bank from Monahan & Rhee, a luxury-brand marketing firm.
Last October, former Cambridge Savings CEO Robert Wilson stepped down from the role after having taken a medical leave earlier in the year.