Massachusetts Bankers Association Appoints PeoplesBank CEO Tom Senecal to Its Board of Directors

Tom Senecal

HOLYOKE, MA (April 29, 2022) – The Massachusetts Bankers Association (MBA), a multi-faceted banking trade group representing more than 120 banks that manage an aggregate $27 trillion in assets under custody, has named Tom Senecal, President and CEO of PeoplesBank, to its Board of Directors.

“The Massachusetts Bankers Association provides critical and timely assistance to its member banks to better serve customers and navigate ever-changing regulations,” stated Mr. Senecal. “It helps us to advise, educate and inform customers on how best to manage their financial lives. An educated consumer is, in fact, a better customer, and, as such, both customers and banks prosper. As a board member, I look forward to supporting our customers and the industry as a whole through this great organization.”

"The Massachusetts Bankers Association provides critical and timely assistance to its member banks to better serve customers and navigate everchanging regulations."

Tom Senecal, President & CEO of PeoplesBank

The MBA was founded in 1905 to “promote the general welfare and usefulness of banks” and today serves a number of constituencies including legislators, regulators, consumer advocates, the media, community groups and, of course, the general public. Its member banks currently employ more than 72,000 professionals who work at over 2,000 separate locations across the state.

"The market knowledge that Tom brings enables the Association to anticipate and respond to emerging banking needs and trends that help our members as they serve a very large consumer and business footprint across the Commonwealth,” stated Kathleen Murphy, President and CEO of the Massachusetts Bankers Association.

Mr. Senecal has over 30 years of experience in the financial services industry. He was elected President of PeoplesBank in 2016 after previously serving as the bank's Executive Vice President and Chief Financial Officer. Mr. Senecal is a graduate of the University of Massachusetts Amherst Isenberg School of Management (B.S. Business Administration) and is a Certified Public Accountant. He also attended the Tuck Executive Program at Dartmouth College.

 

About: PeoplesBank is a leader in innovation, corporate responsibility, environmental sustainability, and employee engagement. Our three LEED® certified offices are environmentally friendly, and we have financed more than $188 million in wind, hydroelectric, and solar energy projects.

As a community bank we have a unique ability to help the communities we serve through volunteer efforts and millions of dollars in donations to charitable and civic causes.

PeoplesBank is a mutual bank and therefore is responsible to our depositors, employees, and the community. This organizational structure allows us to focus on the long-term viability of the bank and the best interests of our customers. We currently have 20 banking centers located in Massachusetts and Connecticut.

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