Belmont Savings Bank announced that President and CEO Bob Mahoney has been selected by Boston Business Journal readers as the “
“I think this award is reflective of all the hard work my colleagues and our partners have done to make Belmont Savings Bank one of the most trusted and innovative banks in the Commonwealth,” said Mahoney. “This recognition affirms that our focus on customer service and the community is having a positive impact.”
Over the course of several weeks, Boston Business Journal readers were asked to nominate the most respected CEOs and most admired companies across several categories. After being nominated as one of four finalists for the “most-admired CEOs for a small or mid-sized company,” Mahoney won the readers choice online poll, which concluded on Friday, February 6, 2014.
“The number of voting readers this year was remarkable,” said Chris McIntosh, publisher of the Boston Business Journal. “Massachusetts is loaded with many great mid-sized companies and institutions, led by CEOs with real vision such as Bob Mahoney, which made selecting the ‘most admired’ executive extremely competitive. We congratulate Bob and Belmont Savings Bank on this year’s recognition.”
Mahoney noted this award comes after the bank has achieved significant recent success, doubling its assets in the past three years, surpassing one billion dollars, and opening three new in-store branches in inside Shaw’s supermarkets. In addition, the bank created the Belmont Savings Bank Foundation, which has become a financial partner to many local non-profit groups, institutions, and schools operating within the communities where the bank operates.
Since its inception two years ago, the Foundation has donated over $150,000 to local organizations.