Mascoma Savings Bank in New Hampshire spent six months searching for a new president and chief executive before selecting one of its directors for the job.
Clay Adams will take over those posts at the $1.4 billion-asset mutual on Jan. 1; he will join Mascoma's management team this fall. Adams will succeed Stephen Christy, who announced in January that he would retire at the end of the year.
Adams, who has been a director since 2011, chairs the board's strategic planning committee, the mutual's wealth management unit and the Mascoma Savings Bank Foundation. As CEO he will work to help the bank serve new customers and incorporate new technologies, it said in a press release Tuesday.
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Mascoma Savings Bank in Lebanon, N.H., is looking for a new chief executive.
January 7 -
Kelly King promised "additional announcements later this year" tied to long-term succession planning, and it was initially unclear if he was referring to his own retirement plans. BB&T later said that King would be CEO for the "foreseeable future."
May 26 -
Gerard Champi is getting a vowel upgrade. He will be promoted to CEO from COO of First National Community Bancorp in Dunmore, Pa., this summer, according to a company news release.
May 18
Adams is CEO of Simon Pearce, a Burlington, Vt., manufacturer and distributor of handcrafted glass products. Previously he was CEO of the consulting firm Resource Systems Group in White River Junction, Vt.
He also worked with Mercer Management Consulting in Boston and Putnam, Hayes & Bartlett, an economic consulting firm in Washington.
Mascoma Savings hired Kaplan Partners in Philadelphia to help find Christy's successor.
