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Clinton Savings Bank’s first woman CEO officially takes over

Mary Dean has begun her roles as president and CEO of Clinton Savings Bank following the March retirement of the bank’s long-time leader Robert Paulhus.

Robert Paulhus, former president and CEO of Clinton Savings Bank PHOTO I COURTESY OF CLINTON SAVINGS BANK

Dean assumed her new positions on April 1, becoming the first woman to be Clinton Savings’ president and CEO. She most recently served in a C-suite capacity as Clinton Savings’ executive vice president and chief information officer, managing the bank’s lending and deposit operations, information technology, and compliance teams. 

With Dean’s appointment, Clinton Savings has become the sixth bank in Central Massachusetts to have a woman as its CEO. She is the bank’s first female leader in its 173-year history.

“Mary will continue the legacy of strong leadership at Clinton Savings Bank, and we are looking forward to her positive impact.” William O’Neil, chairman of the board, said in the release. “During her over 15-year tenure with the bank, she has shown an unwavering commitment to serving our customers and building strong teams which aligns perfectly with the Bank’s values and objectives.”

Dean was originally named Clinton Savings’ incoming leader in August when it was announced Paulhus would be retiring from the roles on March 31, rounding out a 26-year career with the bank.

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Dean earned her bachelor’s degree from Harvard University in Cambridge. 

With $602.6 million in local deposits, Clinton Savings is the 17th largest bank in Central Massachusetts when ranked by local deposits as of June 30, 2023, according to data collected by WBJ’s Research Department. 

Mica Kanner-Mascolo is a staff writer at Worcester Business Journal, who primarily covers the healthcare and diversity, equity, and inclusion industries.

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