Cape & Coast Bank Selects Erik Porter as President & CEO
August 2025 – Due to the planned retirement of its Chair of the Board, President & CEO, Lisa Oliver, the Board of Directors of Cape & Coast Bank (formerly The Cooperative Bank of Cape Cod) selected Smith & Wilkinson to manage the search for its next President & CEO.
With an eye toward the future sustainability and relevance of the bank, the Board of Directors was seeking a dynamic and strategic leader to drive financial growth, operational excellence, and technological innovation while preserving the bank’s independence and strong community focus.
The bank announced that Erik Porter would succeed Oliver as its next President & CEO. Porter joined the bank in 2023 and served as Executive Vice President, Chief Financial Officer, and Treasurer. As a key member of the bank’s executive team, he played a pivotal role in the bank’s ongoing evaluation. Prior to joining The Cooperative Bank of Cape Cod, Porter served as CFO of Metro Credit Union, as Chief Risk Officer and as Director of Accounting & Finance for Cape Cod Five, as Controller for Wainwright Bank & Trust, and began his career with the public accounting firm Wolf & Company in Boston. He received his BS in Business Administration from Western New England College.
The Cape & Coast Bank President & CEO search was managed by Moriah Callahan, Partner & Director of Recruiting, and Cameron Boyd, Managing Partner.
About Cape & Coast
Founded in 1921 and headquartered in Hyannis, Cape & Coast Bank is a full-service mutual community bank that has been serving the financial needs of businesses and consumers on Cape Cod and in southeastern Massachusetts for generations. Under the leadership of Oliver, the bank nearly doubled in size, significantly increased its capabilities to serve commercial customers, was nationally recognized as an employer of choice and for the diversity of its leadership team and Board of Directors, continued its work in supporting the communities it serves, and rebranded from The Cooperative Bank of Cape Cod to Cape & Coast Bank. At the time of the search, the bank had approximately $1.6B in total assets.
About Smith & Wilkinson
For over 25 years, Smith & Wilkinson has been a trusted executive search and talent advisory partner. Our Financial Services team serves banks, credit unions, service providers, associations, nonbank lenders, financial technology companies, community and economic development organizations, and government-sponsored enterprises in attracting, promoting, and retaining senior leaders who drive long-term business success.
Our financial services executive search work includes Board, C-suite, and Director level engagements across executive leadership, strategy, risk, finance, operations, lending, technology, and wealth management, and more. With industry-leading market insight and a consultative approach, we provide both clients and candidates with exceptional visibility into today’s evolving talent landscape.
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