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Bank of Canton Promotes Charles Gaffney to SVP, Operations & Technology

Longtime I.T. department head assumes senior leadership role

Charles Gaffney, SVP of Operations & Technology at Bank of Canton

CANTON, Mass. (March 14, 2024) – Bank of Canton recently promoted Charles Gaffney, longtime head of the bank’s information technology department, to the position of senior vice president of operations & technology. In his expanded role overseeing bank operations, security, facilities and I.T., Gaffney succeeds senior vice president Peter Shea, who will soon retire after a 35-year career with the bank.

“I’m honored to have this opportunity,” said Gaffney. “Technology and service delivery are constantly evolving in the banking industry, and the customer experience is greatly impacted by how we navigate those changes. Evaluating, implementing, and maintaining new banking and lending services – while striking the proper balance between convenience and security – is crucial to our continued success.

“I’m excited to lead a talented team that’s committed to supporting, educating and protecting our customers, and delivering a top-notch banking experience every day.”

Gaffney was the bank’s vice president of information technology for nearly 21 years prior to his promotion. Before joining Bank of Canton in 2003, he served as assistant vice president/operations officer at Peoples Federal Savings Bank. In his new role on the bank’s executive team, he reports directly to the bank’s president and CEO, Stephen P. Costello.

“Charlie’s been a valuable contributor to Bank of Canton for over 20 years,” said Costello. “Working closely with Peter Shea during that time, he gained exposure to our operations function, and broadened his banking and leadership skills by pursuing career development opportunities. We’re fortunate to have someone with his institutional knowledge and expertise assume responsibility for our operations and I.T. departments, and I look forward to his continued growth and success.”

Gaffney graduated from Providence College with a Bachelor of Science degree in economics, and received a Stonier diploma and Wharton leadership certificate from the ABA Stonier Graduate School of Banking. He lives with his wife and three children in Scituate, where he serves on the board of the Scituate Beach Association.

 

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

  • Savvy Social Security Planning

    September 26 @ 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.

    RSVP Today

    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.


  • Estate Planning Lunch & Learn in Canton

    October 8 @ 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.

    RSVP Today

    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.


  • Estate Planning Lunch & Learn in Quincy

    October 9 @ 12:00 pm - 1:00 pm at Bank of Canton, Quincy 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.

    RSVP Today

    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.