The Island this morning faces at least one more day of the national banking holiday. Telegrams from the United States treasury notified Vineyard bankers last night of the extension of the holiday through Friday. The Island was encouraged, however, by repeated statements from Washington that there would be little delay in reopening sound banks.
Boston, March 25 - That the Martha’s Vineyard Co-operative bank, which heretofore has been a popular proposition on the Island, will soon become a certainty, and that the bank will be ready for business on the second Wednesday of April in the rooms of the Martha’s Vineyard National Bank at Tisbury, was the information given out this forenoon at the conclusion of the hearing which was held before the board of bank incorporators at Boston.
James Anthony, a Maryland banker, will take the helm as president and chief executive officer of the Martha’s Vineyard Savings Bank, community bank leaders said in an announcement Monday.
Martha’s Vineyard Savings Bank has donated $5,000 to the Oak Bluffs Firemen’s Civic Association to purchase weight-training equipment for a new exercise and fitness room at the Oak Bluffs fire station.
The Martha’s Vineyard Savings Bank will relocate its Chilmark branch office next year to the former Santander Bank at Beetlebung Corner. The bank paid just over $ 1 million for the property and plans an April 2016 opening.
Longtime Island investment advisors Ray LaPorte and Ted Desrosiers will join the Martha’s Vineyard Financial Group at the end of September, bringing their clients with them, Martha’s Vineyard Savings Bank president and chief executive officer Paul Falvey announced.
A South Shore bank executive has been named president and chief executive officer of the Martha’s Vineyard Savings Bank, trustees announced on Thursday.
Paul Falvey, 48, is a resident of Hingham and currently president and chief executive officer of the Holbrook Cooperative Bank. His 25-year career in banking began at the Bank of New England and includes experience in restructuring and working closely with bank regulators, a press release issued by the bank said.
