Bolster to retire as Centreville Bank CEO

CENTREVILLE BANK Executive Vice President and Chief Operating Officer Thomas J. Lamb Jr., left, shakes hands with Raymond J. Bolster II, right, who will retire May 1 after nine years as president of Centreville Bank. Lamb will take over the bank's top position once Bolster retires. / COURTESY CENTREVILLE BANK
CENTREVILLE BANK Executive Vice President and Chief Operating Officer Thomas J. Lamb Jr., left, shakes hands with Raymond J. Bolster II, right, who will retire May 1 after nine years as president of Centreville Bank. Lamb will take over the bank's top position once Bolster retires. / COURTESY CENTREVILLE BANK

WEST WARWICK – Centreville Bank President, CEO and Chairman, Raymond J. Bolster II will retire effective May 1.

He will be replaced by Thomas J. Lamb Jr., currently the bank’s executive vice president and chief operating officer.
Bolster was hired by the bank as a controller in 1992, moving up the ranks to treasurer, executive vice president and then president in January 2006. Bolster will continue to serve on the board of trustees for the bank, according to a news release.

“One of the proudest achievements of my Centreville career was the creation of the Centreville Savings Bank Charitable Foundation,” Bolster said in a statement. “The bank continually adds funds to the foundation and this allows us to give back to the community on a grander scale.”
Earlier this year, the foundation gave $250,000 to South County Hospital’s Campaign for Cancer Care, according to a news release.
Through Bolster’s leadership, Centreville grew its capital position, and expanded to serve the entire state of Rhode Island, according to the bank.
It has branches in Coventry, Cranston, East Greenwich, Narragansett, North Kingstown, West Greenwich and West Warwick, and assets of $1.02 billion.

Lamb joined the bank last year. In addition to operating his own consulting practice, Lamb brought with him 21 years of experience working at the former Old Stone Bank and Fleet Financial Group.
Lamb said they are grateful to Bolster for his years of service.
“Under his guidance, our bank has grown to one of the best capitalized banks in the country,” Lamb said in the news release. “We intend to use this position of financial strength to provide even better service and new products for our individual and business customers and position us for future growth.”

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