Bridgewater Savings Bank in Raynham, Mass., said that its chief executive, James Lively, will retire on Dec. 5 and that Peter Dello Russo, its president and chief operating officer, will succeed him.

Lively joined the $509 million-asset Bridgewater in 1983 as treasurer and became president in CEO in 1995. He previously worked at Milton Savings Bank in Milton, Commonwealth National Bank in Worcester and Rockland Credit Union in Rockland, Mass., Bridgewater noted in its Feb. 16 announcement.

Dello Russo joined Bridgewater in 2000 as senior vice president and senior commercial loan officer. He became chief operating officer in 2013 and added the title of president in December 2015. He has also worked for Mill River Mortgage Co. and PNC Bank.

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