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News & Events

18  June 2013
Saugusbank Adds New Vice President of Residential & Consumer Lending

Woburn’s Joanne Donovan Brings 20+ Years of Banking Experience

Saugus, MA (www.saugusbank.com) Saugusbank President and CEO, Kevin Tierney, is pleased to announce the addition of Joanne Donovan, Vice President of Residential and Consumer Lending.  With more than twenty years of experience in the mortgage banking area, Donovan joins Saugusbank after stints at Salem Five, Cambridge Savings Bank and North Shore Bank. While with these organizations, Joanne assisted with the development of growth strategies, supervised lending teams of varying sizes and successfully managed all areas of the residential lending function. 

Saugusbank Adds New Vice President, Joanne DonovanAt Saugusbank, Donovan will oversee the bank’s Residential and Consumer Loan department, including the development of new products and processes as well as the ongoing management of the bank’s mortgage portfolio. In addition, she will also function as Saugusbank’s Community Reinvestment Act (CRA) Officer and will be responsible for ensuring lending compliance with Regulation CC.

Donovan is a graduate of Bentley University and lives in Woburn with her husband Bob. Joanne can be reached at 781-426-2168 by e-mailing jdonovan@saugusbank.com.

Saugusbank is an independent, full-service community bank with over $200 million in assets.  Founded in 1911, the organization offers a wide variety of loan and deposit products that cater to the individual and business needs of the community.  In addition to its chartered mission, the bank is also an active supporter of philanthropic ventures throughout the area.

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