Northfield Savings Bank Board Chair Nancy Pope announces the selection of Thomas S. Leavitt to be the company’s 14th President & Chief Executive Officer. Leavitt will succeed Thomas N. Pelletier in the final quarter of 2014. Pelletier is leaving the $750 million institution after more than 16 years at the helm.
Leavitt has served two years as President & CEO of MountainOne Financial in North Adams, MA. He has led the advancement of MountainOne Bank along with its insurance and investment divisions. Prior to MountainOne, Leavitt was on the senior management team of Merchants Bank for 16 years. He has extensive non-banking experience, having performed in national leadership roles in the industrial distribution field. Leavitt earned a B.S. from the University of New Hampshire and an MBA from the Wharton School of the University of Pennsylvania. He is a native of Burlington, VT.
In announcing the decision, Pope said “On behalf of the Board of Trustees, I am delighted to welcome Tom Leavitt to Northfield Savings Bank to lead our organization. Tom is a seasoned banker with strong leadership experience making him very well suited to build on NSB’s strengths as a community bank. The trustees are also very grateful to Tom Pelletier for his 16 years of fine leadership, and the bank is in a very strong position at this time of leadership transition.”
Leavitt commented, “Northfield Savings Bank is one of New England’s premier mutual banking companies. Its long commitment to the wellbeing of the Green Mountain State is tops.” He added, “Tom Pelletier, the board, and the NSB team have carved out a strong presence in Central Vermont and the Champlain Valley. I am honored by this appointment to lead an organization rich with history and talent. I look forward to coming home to serve the interests of our customers and communities.”
Leavitt will be relocating with his wife, Diane Boyajian Leavitt, from the Berkshires to Washington County, VT. The couple has two grown sons.