Pittsfield, Mass., USA - February 13, 2010, Pittsfield, Mass., USA - J. Williar Dunlaevy, chairman, president and CEO of Legacy Bancorp and its subsidiary Legacy Banks announced that he will be transitioning from his position as CEO of Legacy Banks, while remaining as chairman and CEO of Legacy Bancorp.
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Patrick J. Sullivan will assume the role of president and CEO of Legacy Banks and president of Legacy Bancorp. Additionally, Mr. Sullivan will serve on the Boards of the Company and the Bank. Mr. Sullivan brings over thirty years of experience growing, building and strengthening businesses. His work in community banks throughout his career demonstrates that he understands the cultural aspects and success factors of high performing community banks.
Mr. Sullivan has held a variety of executive and management positions. Mr. Sullivan joined Sovereign in 2000, most recently having served as Managing Director of Corporate Banking, with responsibility for middle market and specialty lending, cash management, international trade banking and government banking.
Previously, Mr. Sullivan held the position of CEO, New England, with responsibility for all commercial and specialty lending efforts as well as community banking activities within the region, consisting of 255 branches and $14 billion in deposits.
Prior to joining Sovereign, Mr. Sullivan was President and Chief Executive Officer of Howard Bank in Burlington, Vermont. Additionally, he served as COO of a mid-sized family distribution business, and he was the Executive Vice President at First NH Bank, a Bank of Ireland subsidiary.
Mr. Sullivan has a B.S. and M.B.A from Bryant University and attended the Executive Management Program at Dartmouth College, Amos Tuck School.
Mr. Dunlaevy joined Legacy more than 40 years ago, working his way up through the ranks from his position as Accounting Officer when the company was known as City Savings Bank. In 1996 Mr. Dunlaevy became President and CEO and championed a growth strategy that guided the bank through two acquisitions and brought the company public in October 2005. ■