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Thi (Ty) Tu Joins Bank of Canton as AVP/Branch Manager

Experienced Quincy banker to lead bank’s 60 McGrath Highway branch

New Bank of Canton AVP/Branch Manager Thi Tu (NMLS #722236)

CANTON, Mass. (June 9, 2021)Thi (Ty) Tu has been named assistant vice president and manager of Bank of Canton’s 60 McGrath Highway branch in Quincy. Fluent in Vietnamese, and with more than 15 years of banking experience that includes national, regional and local banks, Mr. Tu brings a diverse professional background and skill set to his new role.

“I’ve worked for many years in Quincy, where over 25% of residents identify as Asian or Asian-American,” said Mr. Tu. “As a first-generation immigrant myself, I understand the financial needs and questions of many newcomers. I went into finance and pursued a career in banking because I recognized need for greater financial education among our immigrant communities, and our established local communities, too.”

Mr. Tu continued, “I was drawn to Bank of Canton because of its involvement with the local Quincy business community, Chamber of Commerce, and many of the city’s vital nonprofits such as Quincy Community Action Programs, Quincy Asian Resources Inc., and Interfaith Social Services. I’m proud to work for a bank that cares so strongly about the city and the welfare of its residents.”

Mr. Tu joins Bank of Canton from Eastern Bank, where he served most recently as a VP/branch manager in Quincy. He also previously managed the South Quincy branch of Citizens Bank.

“We’re excited about Thi joining the bank’s Quincy team,” said David Scarcella, vice president of branch management and administration at Bank of Canton. “He already knows the local landscape, and he’s eager to begin working with our established customers and also develop relationships with new clients as well. He shares our values of community involvement and investment, and we’re excited for him to help grow Bank of Canton’s presence in the City of Quincy.”

With the addition of Mr. Tu, Bank of Canton’s Quincy branch now has four bilingual staff members, with combined fluency in Chinese, Cantonese, Vietnamese, Burmese, Taoshanese and Thai.

In addition to his new role at Bank of Canton, Mr. Tu volunteers on the board of directors of Cambridge’s Tutoring Plus, a nonprofit dedicated to advancing educational equity by supporting youth in their academic, personal and social growth. He also serves on the leadership council of the Boston chapter of Bottom Line, an organization which helps first-generation students from low-income backgrounds stay in college and complete their degrees.

Mr. Tu earned his B.S. in Finance from the University of Utah. He lives in Braintree with his wife, Rachael, and their Pomapoo dog, Milo.


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.


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.

    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.

  • 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.

    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.

  • 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

    RSVP Today

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