Our Board of Directors

(Pictured L-R: Kevin Powers, Elizabeth Harris, Michael J. Linnane, Julieann Thurlow, James J. O’Leary, Sally Mason Boemer, Paul Bolger, James M. Liston, Abel Vargas, Kevin F. Smith, Terrence J. Bane, and Yvonne Garcia)

What’s Unique About Our Board of Directors

RCB isn’t publicly owned by stockholders. We’re privately owned by you, our customers. We don’t focus on quarterly returns to investors. We focus on what’s best for the bank in the long-run.

You always have a say. One way you can voice your choice is by voting for your Board of Directors. Every year, customers have the opportunity to vote for Board Members who each serve a three-year term.

In 2014, employees and customers also passed a bylaw amendment making it harder to allow RCB to go public. Such a move would now require a super majority of the Board and two-thirds of our depositors to convert the bank’s charter.

Meet the Board

Terrence J. Bane, a resident of Stoneham and retired co-owner of ColorWorks Paint Centers Inc. and ColorWorks Ace Paint & Hardware in Woburn, has been a Board Member since 2012.

Sally Mason Boemer, a resident of Reading and Senior Vice President of Finance at Massachusetts General Hospital in Boston, has been a Board Member since 2013.

Paul Bolger, a resident of Reading and retired President of the Massachusetts Capital Resource Company, has been a Board Member since 2017.

Elizabeth Harris, a resident of Reading and Clerk of the Reading Cooperative Bank Board of Directors, has been with the bank since 2023.

Yvonne Garcia, a resident of Medford, Chief of Staff to CEO at State Street Corporation, and Global Head of Internal Communications, has been a Board Member since 2022.

Michael J. Linnane, a resident of Medford and owner of Linnane Insurance Agency in North Reading, has been a Board Member since 2001.

James M. Liston, a resident of Reading and Partner at the Creditor Rights and Bankruptcy Group at Hackett Feinberg, P.C., Boston, MA, has been a Board Member since 2010.

Stephen P. Maio, a resident of Wakefield and retired Wakefield Town Administrator (retiring July 2025), has been a RCB Board Member since 2025, and was former Vice-Chair of the WCB Board and a WCB Board Member since 2008.

John J. McCarthy, Jr., a resident of Wakefield and practicing CPA, Attorney at Law, Certified Financial Planner, and former Wakefield Town Treasurer, has been a RCB Board Member since 2025, and was former Chair of the WCB Board and a WCB Board Member since 1995.

Michael P. McCarthy, a resident of Wakefield and practicing Attorney at Law, has been a RCB Board Member since 2025 and was a WCB Board Member since 2007.

William T McDonald, Jr., a resident of Lynnfield and owner of McDonald Funeral Home, has been a RCB Board Member since 2025 and was a WCB Board Member since 1996.

Kevin Powers, a resident of Peabody and Founder, Director and Professor of Cyber & National Security Programs at Boston College, has been a Board Member since 2016.

Ann McGonigle Santos, a resident of Wakefield and practicing Attorney at Law and Dean of Law and Graduate Student Affairs at Suffolk University, has been a RCB Board Member since 2025 and was a WCB Board Member since 2019.

Kevin F. Smith, a resident of Reading, and retired President & CEO of Winchester Hospital, has been a Board Member since 2008.

James J. O’Leary, a resident of Osterville and Regional Insurance Executive for Aflac, has been a Board Member since 2012.

Julieann M. Thurlow, a resident of Medford and President & CEO of Reading Cooperative Bank, has been a Board Member since 2003.

Abel Vargas, a resident of Lawrence and President of Valley Home Insulation, has been a Board Member since 2018.