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#3 -_ 1 (1)

August 19, 2024

Source: Cambridge Savings Bank

Brandon, who previously served as SVP, Head of Commercial Real Estate, will now lead the commercial banking division to focus on strategic growth and client engagement

CAMBRIDGE, MA — August 14, 2024 — Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that Ian Brandon has been promoted to Executive Vice President, Chief Commercial Banking Officer (CCBO).

Brandon’s promotion comes after a more than 17-year tenure with CSB, where he most recently oversaw the strategic direction and management of the bank’s commercial real estate portfolio while serving as Head of Commercial Real Estate (CRE). In that capacity, Brandon was responsible for developing and executing business strategies to optimize loan growth and profitability. He was also charged with client relationship development, assessing credit risk, and ensuring regulatory compliance within the CRE sector.

Reporting directly to the bank’s CEO, Ryan Bailey, Brandon will now lead the commercial banking division, focusing on strategic growth and client engagement. He will also spearhead the development and implementation of commercial banking products and services, ensuring they meet market demands and client needs. His efforts will be pivotal in reinforcing CSB’s position as a leader in commercial banking, with an objective of driving revenue growth through innovative product offerings and enhanced client engagement strategies.

Brandon’s banking industry experience spans more than 26 years. Prior to joining CSB, he served as VP, CRE at TD Bank and Director of CRE at Emigrant Bank. He holds a Bachelor of Arts in Political Science & Economics from the University of Massachusetts Amherst, and an MBA from Boston University.

“Ian’s deep expertise and proven leadership will be instrumental in driving our commercial banking division forward,” said Bailey. “His promotion reflects our confidence in his ability to identify market opportunities and strengthen client relationships. Further, Ian's proven commitment to local businesses aligns perfectly with CSB's unwavering efforts to support and foster economic growth within our communities.”

As part of a larger restructuring of CSB’s commercial lending group, Brandon's promotion will position the bank for continued success amid evolving market conditions. With the changes, Aidan Hume, previously Senior Vice President - CRE Team, was promoted to the position of SVP, Head of CRE, stepping into Brandon’s prior role to provide strategic oversight and direction for CRE financing and investments operations.

Kevin Teller, who until recently served as SVP, Commercial Real Estate Loan Officer, has also been promoted to SVP, CRE Team Leader. In this capacity, he will continue to manage the Participations Program and collaborate with the Treasury/Finance and Data teams to enhance asset & liability management (ALM) and reporting. Additionally, Laura Miller, who was recently promoted to First Vice President (FVP), Head of Commercial Portfolio Management, will now lead both the CRE and Corporate Banking Portfolio Management teams.

This announcement follows the February 2024 appointment of the bank’s new President & CEO Ryan Bailey, along with the subsequent additions of Angela Conti as CSB’s Head of Consumer and Small Business Banking, Kevin McGuire as Chief Operating Officer, and Christopher Johnson as Chief Information Officer. 

The continued recruitment and promotion of top talent underscores CSB’s commitment to fostering an organizational culture that embraces diverse perspectives, pushes limits, and sparks transformative change in the pursuit of advancing financial well-being for its customers and the community. For those interested in learning more about CSB’s dynamic, people-first culture and open roles, please visit cambridgesavings.com/careers.

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About Cambridge Savings Bank     

Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. In March 2023, Kroll Bond Rating Agency affirmed CSB’s investment-grade rating, reinforcing the bank’s position as a reliable business lender. To learn more about how CSB can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370.

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