Martha’s Vineyard Bank Announces Dave Malone as Next Head of Investment Services

May 2026 – Smith & Wilkinson was retained by Martha’s Vineyard Bank to manage the search and selection process for the Bank’s next Head of Investment Services, concluding in the appointment of Dave Malone.

Reporting to the President and CEO, the Head of Investment Services leads the Bank’s boutique and solutions-based wealth management division, oversees a talented team of advisors, and continues the Bank’s mission to provide best in class service at an exceptionally well-run, forward-thinking, community financial institution. Seeking to simplify the complexities of wealth management using personalized financial planning, Martha’s Vineyard needed a talented and client centric wealth executive for this unique leadership role.

Dave Malone brings more than 25 years of experience across banking, institutional asset management, and private wealth advisory to Martha’s Vineyard. Prior to joining the bank, Malone held leadership roles with Wilmington Trust, Ascensus, and founded and served as Chief Investment Officer at Advocacy Investments, LLC, an independent RIA focused on holistic wealth management. References highlighted Malone’s commitment to client-centric wealth advising, clear and transparent communication, and empowering leadership style. Dave is known for translating complex investments into clear, actionable guidance, mentoring advisors, and prioritizing disciplined process and long-term client trust.

The Martha’s Vineyard Bank, Head of Investment Services search was led by Julia Crouter, Consultant, Financial Services, and Cameron Boyd, Managing Partner, Financial Services.

Headquartered in Edgartown, Massachusetts, Martha’s Vineyard Bank is an approximately $1.3B, 117-year-old mutually chartered community bank. The Bank operates ten branches and a trust and investment office on the island of Martha’s Vineyard and Falmouth, providing customers with bank deposit, residential and commercial lending programs as well as trust and investment services. The Bank also operates a Charitable Foundation and is committed to providing numerous community partners with direct charitable grants, sponsorships, and scholarships. Martha’s Vineyard Bank’s commitment to its customers and community, specifically with a convenient physical and digital presence, competitively priced product offerings, and commitment to customer service, has led the Bank to be recognized by the American Bankers Association as a “Best Bank to Work For” and by their community and customers as the “Best Bank on the Vineyard” for more than 20 years.

For more than 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, 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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