News - 02/18/2015

News

PeoplesBank Promotes Paul Bernier to Senior Vice President, Chief Risk Officer and Margaret Lenihan to Senior Vice President, Commercial Division

PeoplesBank Promotes Paul Bernier and Margaret Lenihan
Paul Bernier, Vice President, Chief Risk Officer and Margaret Lenihan, Senior Vice President, Commercial Division

HOLYOKE, MA (February 18, 2015) – Douglas A. Bowen, President and CEO of PeoplesBank has announced the promotion of Paul R. Bernier to Senior Vice President, Chief Risk Officer and Margaret M. Lenihan to Senior Vice President, Commercial Division.

In his new position, Mr. Bernier will be responsible for the overall management of the Bank’s internal audit, enterprise-wide risk management, compliance, security and loan review programs. He previously served as First Vice President, Risk Oversight. Mr. Bernier joined the bank in 2009.

“The inner workings of organizations the size of PeoplesBank do not get highlighted as much as those that are customer facing. Yet, those functions, such as financial controls and risk management, are critical to success,” stated Mr. Bowen. “Paul’s skills, experience, and leadership are tremendously important to us as we grow and innovate.”

A resident of Wilbraham, Mr. Bernier possesses more than 25 years of financial services experience. He holds a Master of Science in Business Administration from Bentley University and a Bachelor of Science in Business Management from Fairfield University.

Mr. Bernier is a member of the Risk Management Association and the Institute of Internal Auditors. He also serves on the Board of Directors of the Holyoke Visiting Nurse Association.

In her new position, Ms. Lenihan will direct the cash management and institutional banking departments, including product and service development as well as marketing and sales strategies. She previously served as First Vice President, Commercial Division.

“Margaret has a keen understanding of the Cash Management needs of our commercial bank customers,” stated Mr. Bowen. “She is a key part of our commercial banking team and has helped make us a leader in that area.”

A resident of Holyoke, Ms. Lenihan possesses 33 years of banking experience. She holds a Master of Business Administration from Isenberg School of Management at the University of Massachusetts, Amherst and a Bachelor of Arts from College of the Holy Cross. She also is a certified Accredited ACH Professional. Ms. Lenihan is a board member of the Providence Place/Mary’s Meadow and Mont Marie Health Care Center and a member of the Finance Committee at St. Jerome Parish in Holyoke.

 

About: PeoplesBank is a leader in innovation, corporate responsibility, environmental sustainability, and employee engagement. Our three LEED® certified offices are environmentally friendly and we have financed more than $70 million in wind, hydroelectric and solar energy projects.

As the largest community bank in the market, we have a unique ability to help the communities we serve through volunteer efforts and millions of dollars in donations to charitable and civic causes. Our associates devote an average of 6,000 hours to volunteer work each year and 48 of the bank’s officers serve on the board of directors and committees of 115 area nonprofit organizations.

PeoplesBank – a passion for what is possiblesm

 

Media Contact
GCAi for PeoplesBank
Darcy Fortune, 413-736-2245
dfortune@GCAionline.com

 

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