BLUE HILLS BANCORP, INC. (NASDAQ:BHBK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Appointment of Principal Officers
On July 13, 2017, Blue Hills Bancorp, Inc. (“BHBK”) announced that James Kivlehan, age 57, who joined the Company as Chief Financial Officer in 2013 and has also been overseeing the retail banking business for the past two years, will become Executive Vice President, Consumer and Business Banking. Lauren Messmore, age 47, who joined the Company in 2011 and is currently Senior Vice President, Corporate Strategy, will assume the role of Executive Vice President, Chief Financial Officer. These changes will be effective September 1, 2017 and are part of a broader organizational change to focus the bank’s operating capabilities around constantly improving the experience for existing and future customers, while ensuring that the key responsibilities of the Finance group remain a corporate priority.
William Parent, President and Chief Executive Officer commented, “We have accomplished many difficult tasks in transforming our bank from a narrowly focused $900 million asset savings bank to a diversified community bank with $2.5 billion in assets and highly competitive product and service capabilities. Going forward, there is no greater priority at our bank than having an outstanding customer experience that can generate core deposit relationships and extend our consumer and business banking business. Having a highly capable individual like Lauren and a strong finance team allows us to focus Jim’s strong leadership skills in this critical area.”
Prior to joining Blue Hills in 2013, Mr. Kivlehan spent more than a decade at Citizens Bank where he held multiple executive leadership roles spanning Retail Banking, Finance, and M&A leadership roles relating to consumer banking. Prior to joining Blue Hills in 2011, Ms. Messmore held numerous investment banking roles with firms including Citigroup and Schroders since 1992 giving her broad experience in corporate finance, capital markets and merger and acquisitions.
About BLUE HILLS BANCORP, INC. (NASDAQ:BHBK)
Blue Hills Bancorp, Inc. (Blue Hills Bancorp) is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. The Bank provides financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its approximately 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts. It also operates loan production offices in Boston, Cambridge and Plymouth Massachusetts. Its primary deposit-taking market includes Norfolk, Suffolk and Nantucket Counties in Massachusetts, and its lending market is primarily based in eastern Massachusetts. Its primary deposit products are checking, savings, and term certificate accounts and its primary lending products are residential mortgage loans, home equity loans, commercial real estate loans, commercial business loans and consumer loans.