 (1).png)
News:
Owners Developers & Managers
Posted: May 26, 2023
MBA elects McIsaac chair and new board members and officers
Boston, MA Meg McIsaac, president and CEO, Bluestone Bank, Raynham, has been elected 2023-2024 chair of the Massachusetts Bankers Association (MBA) at its annual meeting, a post she will assume on July 1, 2023. Founded in 1905, the MBA is the only association representing FDIC-insured community, regional and nationwide banks serving consumer and business clients across the Commonwealth.
McIsaac leads a bank that is known for being a strong community partner and has continually supported the efforts of MBA across the Commonwealth. She is committed to continuing the strategic efforts started earlier this year to harness the good work that banks are doing to propel the industry forward.
The association also elected the following officers and directors:
Vice chair:
Robert Fraser, president & CEO, MountainOne Bank, North Adams
Treasurer:
Ping Yin Chai, president & CEOSalemFive Bank
Immediate past chair:
Mark O’Connell, president & CEO, Avidia Bank
Michael G. McAuliffe, president & CEO, Middlesex Savings Bank,
Lisa R. Murray, Mass. president, Citizens Bank, N.A., Boston
Lisa J. Oliver, president & CEO
The Cooperative Bank of Cape Cod, Hyannis
Wayne Patenaude, president & CEO, Cambridge Savings Bank
Richard Spencer, president & CEO, North Easton Savings Bank, Whitman
Anne Tangen, president & CEO, BankFive
These distinguished banking leaders join fellow board members whose terms continue:
Martin Connors, president & CEO, Rollstone Bank & Trust, Fitchburg
James Dunphy, president & CEO, South Shore Bank, Weymouth
Harold Horvat, president & CEO, Centreville Bank, West Warwick, RI
Kathleen Marcum, president & CEO, Millbury National Bank
Thomas Senecal, president & CEO, PeoplesBank, Holyoke
Denis Sheahan, president & CEO, Cambridge Trust Company
Shimna Sameer, managing director; NE Division, Bank of America, Boston
Matthew Sosik, president & CEO, BankESB, Easthampton
Patrick Thorpe, president & CEO, BankGloucester
Jeffrey Worth, president & CEO, Wakefield Cooperative Bank
According to Murphy, “This group of talented and accomplished banking leaders are well-positioned to lead the Massachusetts banking industry during this dynamic time. The new and returning members of the board provide considerable experience and expertise, as well as market knowledge in serving a large consumer and business footprint across the Commonwealth.”
MORE FROM Owners Developers & Managers
Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI
Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
Quick Hits
 (1).png)
Columns and Thought Leadership
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan
When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock
A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
New Quonset pier supports small businesses and economic growth - by Steven J. King
Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson
As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.