RANDOLPH, Mass. – The Randolph Savings Bank board of directors has selected Thomas H. Drummey as the bank’s new president and CEO. Randolph has six branches, including one in Coventry with about $29.5 million in deposits.
Drummey succeeds Richard Boonisar, who is retiring this month. Drummey had been the bank’s executive vice president and chief operating officer.
“Having Tom follow Dick Boonisar will allow the bank to enjoy a seamless transition of top management,” says Robert DiMatteo, bank chairman. “He has worked very closely with Dick as executive vice president and is familiar with every aspect of the bank’s operation. He has been a big part of the success and stability we have enjoyed over the past year.”
Drummey joined Randolph Savings Bank in 2000 and was senior vice president, senior loan officer before being named chief operating officer in 2006.
Prior to that, he was senior lender at Sharon Credit Union and lending manager at Coastway Credit Union in Cranston. His introduction to banking came when he worked on the House Committee for Banks and Banking at the Massachusetts General Court as a legislative aide.
Drummey is a member of the Federal Deposit Insurance Corporation’s New Immigration Alliance Task Force, the Mass Bankers Association and the Massachusetts Mortgage Bankers Association. He also serves on the Board of Directors of the South Shore Chamber of Commerce.
A Norwood, Mass., native, Drummey now lives in Plainville, Mass., with his wife and two children.
Randolph Savings Bank has $380 million in assets and 110 employees at seven branches and two lending centers in Randolph, North Randolph, Stoughton, Cobb Corner, Canton and Holbrook, Mass., and Coventry. More information about Randolph can be found at www.randolphsavings.com.
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