In a historic move, Raichelle L. Kallery has been appointed as President and Chief Executive Officer of The Savings Bank, marking a significant milestone as the first woman to hold this position in the bank’s 155-year history. Kallery’s appointment is also noteworthy as she becomes one of just 22 female President/CEOs among the 128 banking institutions in Massachusetts.
Kallery, who previously served as Executive Vice President and Chief Operating Officer, has been a key figure in shaping The Savings Bank’s innovative approach to banking. With her extensive experience overseeing retail banking, commercial lending, marketing, sales, operations, and branch administration, Kallery’s leadership has been instrumental in driving the bank’s continued growth and technological advancements.
She succeeds Robert J. DiBella, who retired after a distinguished 37-year career at The Savings Bank. DiBella’s leadership was pivotal in the bank’s success, and Kallery now takes the reins, continuing his legacy while forging a new path for the future of the institution.
Since joining The Savings Bank in 2006, Kallery has led the charge in enhancing the bank’s offerings, particularly through technological innovation. One of her notable achievements includes the development of TSB Business Direct, a fully automated lending platform designed to simplify the digital borrowing experience for small businesses. This initiative has significantly contributed to the growth of the bank’s small business banking segment while maintaining the highest standards of data security.
As the new President and CEO, Kallery is committed to continuing the bank’s focus on digital innovation and customer-centric solutions. Her leadership will prioritize the expansion of product and service delivery, with an emphasis on improving digital capabilities that enhance customer experience and operational efficiency. Additionally, she will build upon the bank’s long-standing dedication to community engagement and financial literacy, ensuring that these initiatives remain at the heart of the bank’s mission.
Kallery’s journey in financial services began with the Merrimack Valley Federal Credit Union in North Andover, where she gained valuable experience in marketing and branch management. She joined The Savings Bank in 2006 as Vice President of Marketing and rapidly ascended through the ranks to her current role as President and CEO.
A graduate of Daniel Webster College with an MBA in Applied Management and a bachelor’s degree in marketing management, Kallery also holds a certificate from the Graduate School of Banking at the University of Colorado. She is an active member of several key banking committees, including Asset Liability Management, Enterprise Risk Management, and Technology.
Outside her professional responsibilities, Kallery is deeply committed to community service. She serves on the Boards of Wakefield Bancorp, MHC, The Savings Bank, the Donald E. Garrant Foundation, and the TSB Charitable Foundation. Kallery also contributes to Emmaus, Inc. in Haverhill, and is a Board Member of the Economic Empowerment Trust Fund Board of the Commonwealth. As an advocate for women in business, she is actively involved in the Merrimack Valley Chamber of Commerce’s Women in Business program and has been recognized as a YWCA Tribute to Women honoree.
Kallery expressed her pride in becoming the bank’s first female President and CEO, saying, “It is an honor to lead The Savings Bank, an institution founded in 1869. I am deeply grateful to my predecessor, Bob DiBella, whose leadership has set the stage for the next chapter in the bank’s history.”
The appointment of Raichelle L. Kallery marks a momentous achievement in the history of The Savings Bank and underscores the growing role of women in leadership positions within the banking industry.
