Needham Bank names Mark R. Whalen President and COO

Mark R. Whalen has been named President and Chief Operating Officer of Needham Bank
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April 24, 2012 - PRLog -- Needham Bank, with five branches throughout the greater Boston area announces that Mark R. Whalen of Dedham has been promoted to President and Chief Operating Officer.

In this new role, Mr. Whalen, who formerly held the title of Chief Operating Officer, is responsible for the overall implementation and management of the Bank’s objectives, policies and strategic plans in addition to oversight of the Bank’s financial position.

He will work in conjunction with Jack W. McGeorge, who remains as Chief Executive Officer and Chairman of the Board of Needham Bank.

Mr. Whalen has more than 30 years of experience in the banking industry and is the former President/CEO of the Dedham Cooperative Bank.  He joined Needham Bank in March of 2007 when the two institutions merged.

Mr. Whalen received a Bachelor’s degree in Psychology from Stonehill College in Easton and has attended numerous executive course programs throughout his career in finance, including The Graduate School of Community Bank Management at the University of Texas in Austin.

Mr. Whalen sits on the Board of Directors of the Dedham Historical Society and is also a member of the Board of Directors of the Southwest Affordable Housing Partnership.  He is a former Dedham Town meeting member.

He makes his home in Dedham with his wife and their two daughters.

“It is with honor that I assume my new responsibilities as both President and COO of Needham Bank,” said Mr. Whalen.  “It is my goal and mission to provide the guidance and direction necessary to make certain that Needham Bank maintains its standing as a recognized leader in community banking.”

“It gives us great pleasure to announce Mark’s promotion to President and Chief Operating Officer,” said Mr. McGeorge. “His vast industry experience, operational knowledge and devotion to community banking are certain to ensure the long-term success of our fine organization.”

About Needham Bank
Since 1892, Needham Bank has served the greater Boston area as the leader in personal banking and real estate loans.  The Bank offers a range of products and services to suit the financial needs of consumers and businesses, including a full line of deposit, loan, electronic banking and wealth management services. Needham Bank has locations in Needham, Dedham, Medfield, Wellesley and Westwood. Needham Bank is a convenient, reliable community bank that puts its customers and community first.  For more information on the Bank please visit or call 781-444-2100.  Member FDIC.  Member SIF.
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