Marlborough Savings Bank appoints Carol Sanchez to the Board of Directors

MARLBOROUGH – March 18, 2010 – Marlborough Savings Bank (MSB) is pleased to announce the appointment of Carol I. Sanchez to the Board of Directors. Ms. Sanchez is the founder and partner of Sanchez & Santiago, LLC, a CPA firm located in Marlboro and Boston, Massachusetts.

Ms. Sanchez has over 30 years of managerial and executive experience in audit, accounting, internal audit, international operations, merchandising, and consulting, with many multinational organizations including Global Resources, Staples, Inc., The Timberland Company, Stride Rite International, Verizon and KPMG.

A recipient of numerous awards including Boston Business Journal’s “20 On the Move” and El Planeta Newspaper’s 100 Most Influential Latinos, Ms. Sanchez is also on the Board of Directors for the Center for Women and Enterprise and Founder of the Association of Latino Professionals in Finance and Accounting (ALPFA). Additionally, she has been a PTO Treasurer for two Framingham Schools since 2006.

“We’re thrilled to have Carol join us. Her knowledge and experience regarding finance as well as her connection to the community are a welcome addition to our board,” says Rick Bennett, President and CEO of Marlborough Savings Bank.

A graduate of Northeastern University, Ms. Sanchez lives in Framingham with her husband Gene Novak and children Liam, Kailee and Nikolai Novak.

About Marlborough Savings Bank

Marlborough Savings Bank (MSB) is a locally run, independent mutual savings institution serving the Metrowest communities of Massachusetts since 1860. Mutual savings banks are owned by its depositors, not stockholders which deepens its’ commitment to its customers and the communities it serves. With branch offices in Marlborough, Northborough, Southborough, Sudbury and Westborough, MSB provides an extensive array of financial services and products for all personal and business life stages. A strong supporter of the communities, MSB is redefining what makes a great bank. For more information, visit www.agreatbank.com.

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Contact:
Ellen Dorian
Senior Vice President – Marketing & HR
Marlborough Savings Bank
508-460-4153

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