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Home ABA Banking Journal Podcast

Podcast: How Multigenerational Directors and Engaged Employees Drive Bank Independence

March 9, 2022
Reading Time: 2 mins read
Podcast: How Multigenerational Directors and Engaged Employees Drive Bank Independence

An 1880 view of the town of Millbury including the Millbury National Bank in the center of the map. Map courtesy of Leventhal Center, Boston Public Library.

For nearly 200 years, Millbury National Bank has stayed independent as a commercially focused community bank in Massachusetts. Part of that independent tradition owes to the bank’s history of multigenerational stewardship, says President and CEO Kate Marcum on the ABA Banking Journal Podcast, sponsored by IntraFi Network. Six of the bank’s seven directors are at least the second generation in their family to serve on the bank’s board, and five are third- or fourth-generation directors.

The bank also has a long-tenured staff, and Chief Operating Officer John Latino discusses how investment in leadership development and employee experience helps the bank succeed, which in tern protects its mission and independence and thus “completes the circle.”

  • If you can’t see the audio player above, click here to listen to this week’s episode.

This episode is sponsored by IntraFi Network.

In this episode:

Kate Marcum
President and CEO
Millbury National Bank
John Latino
Chief Operating Officer
Millbury National Bank
Evan Sparks
Editor-in-Chief
ABA Banking Journal

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