BSB Bancorp, Inc., parent of Belmont Savings Bank Appoints Paul E. Petry to Board of Directors
BELMONT, Mass., March 14, 2014 /PRNewswire/ -- On March 12, 2014, the Board of Directors of BSB Bancorp, Inc. ("the Company") appointed Paul E. Petry to the Company's Board of Directors. On the same date, Mr. Petry was appointed to the Board of Directors of Belmont Savings Bank, the Company's wholly owned subsidiary. Mr. Petry replaces Patricia W. Hawkins, who retired from the Board of Directors of BSB Bancorp, Inc. after 18 years of service.
Mr. Petry has worked with Boston Mutual Life Insurance Company ("Boston Mutual") since 1995, and is currently the Chairman of the Board. In addition to being appointed Chairman of the Board in 2012, he has also served as Boston Mutual's Chief Executive Officer from 2001 to 2014 and as President from 1996 to 2011. He is a graduate of Holy Cross College and the Advanced Management Program at Harvard Business School.
About BSB Bancorp, Inc.
BSB Bancorp, Inc. is headquartered in Belmont, Massachusetts and is the holding company for Belmont Savings Bank. Belmont Savings Bank is a $1.1 billion, full-service Massachusetts savings bank dedicated to quality, convenience, and personalized service. The Bank builds on a proud history of financial strength and a tradition of active involvement in the community. Belmont Savings Bank provides a full range of banking services for professional commercial real estate investors, developers and managers as well as individuals and local small business owners through two full-service offices in Belmont, one full-service office in Watertown, and three full-service Shaw's supermarket branches in Waltham, Newton and Cambridge. The Company's common stock is traded on the NASDAQ Capital Market under the symbol "BLMT". Find out more information by visiting: https://www.belmontsavings.com. Member FDIC. Member DIF.
Contact: Andy Hoglund
SOURCE BSB Bancorp, Inc.