Cooperative Bank of Cape Cod Names New President, CEO

HYANNIS, MA — The Cooperative Bank of Cape Cod has appointed Erik Porter to serve as its next president and chief executive officer.

Porter, who will succeed current President and CEO Lisa Oliver upon her retirement in October, has served as the bank’s chief financial officer since 2023.

“I am honored and humbled to serve as the next leader of The Cooperative Bank of Cape Cod, an admired community institution and trusted financial partner of local residents and businesses for more than a century,” said Porter. “I am grateful to the bank’s board of directors for their trust in my capabilities and experience, and Lisa Oliver for her leadership, mentorship and unwavering commitment to the bank and its employees. The talented and hardworking team at The Coop is one of the institution’s greatest strengths, and I look forward to collaborating with them as we deliver on our mission to be the best bank for Cape Cod.”

Porter, an accomplished financial services industry executive with more than two decades of experience, has also served in senior leadership roles at Metro Credit Union, Cape Cod Five Cents Savings Bank, CFGI, Wainwright Bank & Trust and Wolf & Company P.C.

“I congratulate Erik on his selection as the sixth president and CEO in The Coop’s 104-year history,” said Lisa Oliver, Chair, President and CEO, The Cooperative Bank of Cape Cod. “His deep knowledge of the Cape Cod market, strong relationships in the region and across the industry, collaborative management style and financial and strategic acumen make him well positioned to lead the bank.”

In his new role at the bank, Porter will assume responsibility for the ongoing strategic direction, financial performance, operational excellence, sustainable growth and community engagement for the bank. He has taken a lead role in developing the bank’s current strategic plan, including the recent launch of the bank’s new online banking system as well as the additional client and market-focused strategies yet to be unveiled this fall.

Porter holds a bachelor’s degree with concentrations in accounting, finance and economics from Western New England College. He is also an honors graduate of the American Bankers Association (ABA) Stonier Graduate School of Banking, where he also earned the Wharton Leadership Certificate from The Wharton School, Aresty Institute of Executive Education at the University of Pennsylvania.

Active in professional organizations and community affairs, he serves on the Board of Directors of the Cape and Islands United Way. He is also a former President and member of the Board of Directors of the Boston Chapter of the Financial Manager’s Society and previously served on the Board of Directors of The Family Pantry of Cape Cod for more than three years.