Massachusetts-based The Savings Bank names Raichelle Kallery as new president and CEO

Raichelle Kallery, new president and CEO at The Savings Bank (Image: The Savings Bank)
Raichelle Kallery has been promoted to the role of president and CEO of The Savings Bank, succeeding Robert DiBella, who retired at the end of December following a 37-year tenure.
Kallery previously served as the independent community bank’s executive vice president and COO and first joined the company back in 2006.
In a statement, The Savings Bank says Kallery will “focus on innovation and expansion through product and service delivery” in her new role, which will include “increased digital capabilities designed to improve the customer experience and efficiency”.
This increase has so far included TSB Business Direct, an automated lending platform launched under the leadership of Kallery, which the bank credits for “making the digital borrowing experience easier” for small businesses.
Founded in 1869, The Savings Bank offers retail and business banking services, as well as wealth management services, to communities across north-eastern Massachusetts, US.
The bank is headquartered in Wakefield, a town named after the bank’s first president, Cyrus Wakefield. Kallery is the bank’s first female president and CEO in its 155-year history.