Eight months after Mark O’Connell announced he would retire as CEO of Avidia Bank in May, the Hudson-based institution has named Robert Cozzone of Rockland Trust as president and CEO.
Cozzone is Rockland’s executive vice president and chief operating officer overseeing 1,000 employees and 123 branches. Prior to that role, he was CFO and retail executive at Rockland, according to a Thursday press release from Avidia.
“Avidia’s genuine commitment to the community and its tradition of innovation and excellence in customer service is admirable. The Bank has enjoyed tremendous growth and success under Mark’s leadership and I’m committed to continuing that legacy,” said Cozzone in the press release.
Cozzone will take over after O’Connell retires in May.
As of Dec. 31, Rockland Trust had $19.3 billion in assets, while Avidia had $2.5 billion.
Avidia is the seventh largest bank in Central Massachusetts, with $2.2 billion in local deposits, according to Federal Deposit Insurance Corp. data from June 30, as compiled by the WBJ Research Department.
