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Steven V. Rotella, CPA, Named Bank of Canton’s Chairman of the Board

Longtime board member and local CPA elected to succeed Donald R. Smith

Steven V. Rotella

Chairman of the Board, Steven V. Rotella

CANTON, Mass. (May 5, 2017) – Bank of Canton’s board of directors unanimously elected Steven V. Rotella, CPA, as the bank’s new chairman of the board, succeeding the late Donald R. Smith.

Mr. Rotella became a board member and corporator of the bank in 1998, and has been a member of the Executive Committee since 2007. He has served on various subcommittees, including Audit, Nominating, and Succession.

“I am very pleased with the board’s decision,” said President and CEO Stephen P. Costello. “Steve has served the bank in a variety of ways for years, providing leadership and expertise whenever the situation has required it. His ties to the local community exemplify the values of our institution. I’m very confident that he will enjoy success in his new role.”

For the last 27 years, Mr. Rotella has been the principal of Canton-based Steven V. Rotella, CPA, PC, an independent CPA practice serving the needs of businesses and individuals throughout the South Shore. He is active in the local community, having held leadership positions with organizations such as the Canton Area Helpline, the Rotary Club of Canton and the Friends of Stoughton Hockey.

“I’m honored to represent Bank of Canton in this capacity,” said Mr. Rotella, “and I welcome the opportunity to continue the great work that Don Smith and others before him have done in preserving the bank’s traditions while also adapting to the present and future needs of its customers and communities.”

Mr. Rotella is a longtime resident of Stoughton, where he lives with his wife Cheryl. They have two adult children, Anthony Rotella and Kristen Dacey.

 

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 mortgage centers in Auburn and Marshfield. 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

  • Navigating the Retirement Red Zone

    June 19 @ 6:00 pm - 7:00 pm at Bank of Canton, Main Office Branch

    Join Peter J. Fredericksen of B.O.C. Financial Services as he guides you through the challenges of “The Retirement Red Zone,” with tips and strategies to help you maintain a steady income in retirement. Topics include:

    • Retiring in a down market – what’s the impact to your portfolio?
    • Rising inflation – how to develop income sources that preserve your purchasing power.
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    Admission is free, and event is open to the public. Light refreshments will be served. Call 781-830-6152 or email Peter Fredericksen with questions.

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  • Free Estate Planning Lunch & Learn, Canton

    July 10 @ 12:00 pm at Bank of Canton Corporate Headquarters

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

    • Protect your assets from nursing home costs
    • Appoint a Health Care Proxy to assist with medical decisions
    • Pay minimal estate taxes
    • Avoid the uncertainty, costs, and delays of probate

    Event is open to the public, and lunch will be provided to those who RSVP. Call 781-830-6152 or email Peter Fredericksen with questions.

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