Due to the planned retirement of the bank’s longtime EVP Chief Information Officer (“CIO”), Bristol County Savings Bank (“BCSB”) has selected S&W to lead the search and selection process for its next leader in technology.
Founded in 1846 and headquartered in Taunton, Massachusetts, BCSB is a 159-year-old, mutual community bank that embodies the best of what a community bank can be. For generations the bank has served consumer and business customers throughout southeastern Massachusetts and Rhode Island and beyond, having been a source of financial stability for customers and the communities it serves through good times and bad. As a mutual, BCSB is both owned and governed by its depositors, meaning that every decision that the bank makes is centered on helping families to save, businesses to grow, and communities to prosper, and not on short-term investor demands. Supported by the pillars of stability and balance sheet strength, BCSB is well capitalized, profitable, and efficient and maintains exceptional asset quality. While much of the bank’s growth has been organic, in 2020 BCSB acquired Rhode Island-based Freedom National Bank, bringing the total number of full-service retail branches across its footprint to 18. Today the bank has approximately $3.1B in total assets, making BCSB a top-20 bank in Massachusetts by asset size, and offers a comprehensive suite of loan and deposit products for consumers, small and medium sized businesses, and municipalities. As the bank has continued to grow its offerings, in 2017 it formed Bristol Wealth Group. Most importantly, BCSB is an exceptional corporate citizen and in 1996 established its Charitable Foundation as part of the celebration of the bank’s 150th Anniversary. BCSB is primarily regulated by the FDIC and the Commonwealth of Massachusetts Division of Banks.
This key, transformational role will join a collaborative senior leadership team that will lead the bank to its stated goal of achieving $5B in total bank assets through organic growth. Given trends in customer behavior and expectations, the increased need for internal operating efficiencies, and the rapidly accelerating pace of evolution in available banking technology, the bank is seeking exceptional technology talent for this executive leadership role. The CIO is responsible for leading a team providing technology support and solutions for all business functions within BCSB. This executive and her/his team are charged with meeting the business needs and objectives of the Company in the most cost-effective manner that is consistent with the business strategy and objectives, integrity of the IT environment, and strong IT data security. The ideal candidate will:
Demonstrate a breadth of knowledge and acumen across wide-ranging and forwarding-looking industry trends, including but not limited to FinTech partnerships, CX/UX, customer journey mapping, and data analytics.
Demonstrate a proven track record of utilizing a data driven approach toward overall digital transformation.
Subject matter expertise and past success leading EPMO, risk management, and information security initiatives is highly preferred.
For additional information about this unique leadership opportunity, please contact a member of the S&W search team: Cameron Boyd, Managing Partner, Financial Services (cboyd@smithandwilkinson.com) or Nathan Townsend, Partner, Financial Services (ntownsend@smithandwilkinson.com).