December 5, 2008
New Acting Head For Milford National
Milford National Bank & Trust has appointed Kristin T. Carvalho as acting president and CEO to replace Kenneth R. Cole, who resigned on Nov. 26, board Chairman Henry C. Papuga said today.
Carvalho is the bank's senior vice president and senior loan officer and has been with the Milford National since April 2007. The bank said she has over 20 years of commercial banking experience.
Mr. Papuga said in a statement that Cole resigned "to pursue other interests."
Milford National Bank has $323 million in assets. It has six offices in Milford, Bellingham, Mendon and Hopkinton. Its trust and investment department also operates a subsidiary, Forward National Co., in Westborough.
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