Millbury Savings Bank has named its first new president in more than two decades.
The bank selected Robert Morton, an executive vice president and senior loan officer, for its top slot during a board of trustees meeting Tuesday. Outgoing president William Walsh will remain CEO until his planned retirement in January.
“I am grateful for the opportunity,” said Morton, who will also serve as the bank’s chief operating officer. “Our financial strength, commitment to giving back to the communities we serve, and focus on delivering top-notch customer service is all keys to our future success.”
Morton has been at Millbury Savings for 14 years. Before that, he spent 11 years at Bay State Savings Bank and Shawmut Bank, both in Worcester.
Morton serves on the boards of the Worcester Business Development Corp. and Worcester State University Foundation, and helped organize Millbury’s bicentennial celebration.
Millbury Savings has $206.7 million in assets. It employs 34 at its Millbury and Worcester branches.
