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Bank of Canton Announces Two Executive Promotions

Christopher Lake and Michael F. Lindberg assume elevated roles on senior leadership team

Christopher Lake (L), Bank of Canton’s new senior vice president/chief financial officer, and Michael F. Lindberg, executive vice president/senior lending officer

CANTON, Mass. (October 6, 2021) – Bank of Canton recently announced the promotions of two members of its executive team. Christopher Lake has assumed the role of senior vice president/chief financial officer, replacing John Sweeney who retired in September after nearly 15 years with the bank. Michael F. Lindberg has been promoted from senior vice president/senior lending officer to executive vice president/senior lending officer.

“I am very pleased to announce the promotions of these two highly qualified and deserving senior managers,” said President and CEO Stephen P. Costello. “Each has fulfilled their roles with a blend of expertise, vision and leadership, which they bring to their new positions and will help guide our organization into the future.”

Mr. Lake has served as Bank of Canton’s senior vice president/chief risk officer since 2020. Among his previous financial roles, he served as the chief financial officer and treasurer of Peoples Federal Savings Bank in Brighton and as senior vice president at Rockland Trust Company. Early in his career, he was a senior bank examiner for the U.S. Treasury Department, Office of Thrift Supervision in Boston. A Norwood resident, Mr. Lake holds a B.S. in Finance from Bentley College and an M.B.A. from the University of New Hampshire.

Mr. Lindberg joined Bank of Canton in 2015 after 29 years in commercial lending, including several executive positions at large financial institutions. He continues to be responsible for the performance of the bank’s commercial loan portfolio, and, as executive vice president, he now also oversees the performance of the bank’s retail branch network. A graduate of Bryant College with a B.S. in Finance, he lives in Attleboro with his wife, Dawn.

Bank of Canton’s board of directors approved the promotions last month. Both Mr. Lake and Mr. Lindberg continue to report directly to Mr. Costello.

 

About Bank of Canton

Established in 1835, Bank of Canton is a Massachusetts-chartered mutual savings bank that offers its consumer, business and government banking customers access to a full array of deposit, loan, investment and convenience service options. As a mutual savings bank, the bank has no stockholders and acts exclusively in the best interests of its customers and communities. The bank lends throughout Massachusetts, and has branches in Canton, Quincy and Randolph and a mortgage center in Auburn. All deposits are fully insured between the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). For more information, visit www.ibankcanton.com. Member FDIC. Member DIF. Equal Housing Lender. NMLS #408169.

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Upcoming Events

  • Estate Planning Lunch & Learn in Canton

    March 12 @ 12:00 pm - 1:00 pm at Bank of Canton, Canton Center Branch

    The B.O.C. Life Solutions team will discuss how you and your family can:

    • Protect assets from nursing home costs
    • Transfer assets and pay minimal estate taxes
    • Appoint a health care proxy to assist with medical decisions
    • Avoid the uncertainty, costs, and delays of probate

    Event is free & all are welcome. Lunch will be provided to those who RSVP. Call 781-830-6152 or email Peter Fredericksen with questions.

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    B.O.C. Life Solutions is a licensed subsidiary of Bank of Canton. Bank of Canton does not provide legal or tax advice; consult your legal/tax advisor. Estate planning products and services are not insured by the FDIC or DIF.


  • Savvy Social Security Planning

    March 14 @ 6:00 pm - 7:30 pm at Bank of Canton, Canton Center Branch

    Approaching retirement? Learn how to make the most of your Social Security options and benefits at this complimentary presentation. The B.O.C. Financial Services team will review different filing strategies, and provide expert tips for maintaining income in retirement. Topics include:

    • The pros & cons of filing at age 62
    • Projected earnings calculations
    • Spousal and survivor benefits

    Event is free & all are welcome. Light refreshments will be served. Call 781-830-6152 or email Peter Fredericksen with questions.

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    Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. B.O.C. Financial Services is a trade name of Bank of Canton. Osaic Institutions and Bank of Canton are not affiliated. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.


  • Virtual First-Time Homebuyer Workshop (3 Nights), March 11, 12 & 14

    March 11 @ 6:00 pm - March 14 @ 9:00 pm at Zoom Meeting

    Join Quincy Community Action Programs (QCAP) and Bank of Canton for a comprehensive home buying workshop, featuring real estate professionals, counselors and lenders offering expert guidance and advice. This three-evening workshop over Zoom qualifies as a MassHousing-approved homebuyer counseling course, and attendees of all three sessions will receive a Certificate of Completion.

    • Session 1: Monday, 3/11, 6:00pm-9:00pm
    • Session 2: Tuesday, 3/12, 6:00pm-9:00pm
    • Session 3: Thursday, 3/14, 6:00pm-9:00pm

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    Bank of Canton is a proud sponsor of (and participant in) this QCAP educational series.