Long-time MutualOne Bank CEO retires, succeeded by COO
Photo I Courtesy of MutualOne Bank
Kristin Carvalho, CEO of MutualOne Bank
After serving nearly 20-years as CEO of Framingham-based MutualOne Bank, Mark Haranas has retired from his position as Kristin Carvalho has been promoted to the top executive role.
Having originally joined the bank in 2008 when it was named Framingham Co-operative Bank, Haranas led the institution’s merger with Natick Federal Savings Bank in 2012 to form MutualOne, according to a Tuesday press release.
“It has been a sincere privilege to serve as CEO of MutualOne Bank for over 16 years,” Haranas said in the release. “I’m proud of what we’ve been able to accomplish to help people and businesses in our community. I’m confident that Kristin’s strong leadership and experience will help ensure our future growth and success.”
Haranas will remain in his position as chairman of MutualOne’s board.
As Harnas’ successor, Carvalho most recently served as the bank’s president, chief operating officer, and treasurer, roles she assumed in 2022. She will now be the bank’s CEO, president, and a member of its board.
Carvalho has more than 25 years of banking experience, and she has managed the broadening of MutualOne’s digital services in addition to crafting its upcoming expansion plans since joining the company. Before joining MutualOne, Carvalho has held a number of C-suite positions including as president, CEO, and board chair of Brockton-based Cobblestone Management and as president, CEO, and director of Milford National Bank and Trust Company.
In addition to her banking career, Carvalho serves as an adjunct faculty member at Boston University.
Carvalho graduated with master’s degrees from Suffolk University in Boston and Bryant University in Rhode Island and her doctorate in business administration from the University of Rhode Island.
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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