40 Under Forty alumni: Seth Pitts, Class of 2021 - took over Bay State Savings Bank
Seth Pitts in 2021 and 2024
Photo | Matt Wright
The seven 40 Under Forty winners who visited the Odd by Worcester Brewing bar were (from left) Seth Pitts (Class of 2021), Robert Rios (Class of 2024), Julia McGuinn (Class of 2024), Dan Joslyn (Class of 2024), Jim Cozza (Class of 2024), Jessica Casey (Class of 2024), and Erjon Metohu (Class of 2024).
Photo | Matt Wright
The seven 40 Under Forty winners who visited the Odd by Worcester Brewing bar were (from left) Julia McGuinn (Class of 2024), Dan Joslyn (Class of 2024), Erjon Metohu (Class of 2024), Jessica Casey (Class of 2024), Jim Cozza (Class of 2024), Seth Pitts (Class of 2021), and Robert Rios (Class of 2024).
- Class of 2021
- Then Executive vice president & chief financial officer at Bay State Savings Bank, in Worcester
- Now President & CEO at Bay State Savings Bank, in Worcester
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Since being honored as a WBJ 40 Under Forty in 2021, in-part for his work helping the business through the COVID-19 pandemic, Pitts has ascended to the top leadership at Bay State Savings Bank.
Joining the bank after stints at the U.S. Department of Agriculture and the Federal Deposit Insurance Corp., he’s now the 12th president in the financial institution’s 129-year history, having taken the position at age 35 and becoming the first person of color to lead the bank. Just a few years after being named chief financial officer, he’s now at the helm of a bank with upward of 75 employees and more than $632 million in total assets. A Worcester native, Pitts now sits in a powerful position to help spur economic growth in his community and ensure every neighborhood in Central Massachusetts has access to banking services. Outside of his role at Bay State, Pitts is active in a number of key roles in the local business and nonprofit scene, serving on the Seven Hills Foundation Board of Trustees, the Worcester State University Foundation Board, the Worcester Business Improvement District Board, and the Worcester Trust Fund Commission, to name a few.
What did getting the 40u40 award mean to you at the time? Gratitude and appreciation for and from our local communities.
What does it mean to you now? Genuine continued connection with the next generation of our community’s future leaders.
What advice do you have for this year's 40u40 winners? Keep moving forward, no matter the circumstance, and choose progress over perfection.
How has Central Massachusetts changed since you won the 40u40 award? It just keeps getting better and better. So many wonderful people, places, and opportunities. I’m lucky to be part of something so special.
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