The $601 million St. Mary's Credit Union in Marlborough, Mass., has hired a veteran banker as its new president/CEO.
James C. Garvey will take the top job at the 47,000-member credit union on Feb. 19. Thomas H. Wellen has been serving as interim president/CEO since last June.
Garvey had been president/CEO of Borel Private Bank in San Mateo, Calif., and Charter Private Bank in Seattle, his new employer said. Both are subsidiaries of Boston Private Financial Holdings.
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He also had led Flagship Bank and Trust in his hometown of Worcester, Mass., from 2001 to 2009 when it was acquired, St. Mary's CU said in its announcement. Prior to that Garvey had been with Safety Fund National Bank in Fitchburg, Mass., and the former Shawmut Bank, the announcement said.
"St. Mary's Credit Union is extremely excited to have someone with Mr. Garvey's credentials and experience to lead our organization as we embark on our second century of service to our membership," said Gerard P. Richer, the credit union's board chairman.
"My wife and I are excited to be returning home. St. Mary's has a well-earned reputation for its commitment to the community and its members, and I am looking forward to being a member of the St. Mary's Credit Union family," said Garvey, who holds a bachelor's degree from the University of Miami and his MBA from Boston University.
St. Mary's Credit Union was founded in 1913 and has offices in Marlborough, Hudson and Northborough and said a new branch is expected to open in Westborough in July.
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