Marlborough Bank Announces New CEO And President

MARLBOROUGH, MA — A Central Massachusetts credit union has selected its next leader.

Grace Lee has been selected as the new president and CEO of St. Mary's Credit Union, according to a news release from the bank. This news comes just one week after the bank announced that it planned to merge with MetroWest Community Federal Credit Union in Framingham.

Lee, who previously served as Eastern Massachusetts Regional President and Group Lead of New England Government Banking at M&T Bank, officially started the role on Monday.

Related: Marlborough Bank To Merge With Another Central MA Bank: Report

“Grace brings a rare blend of executive leadership, government insight, community passion, and deep operational expertise,” said Jerry Richer, Chair of the St. Mary's Credit Union Board of Directors. “Her understanding of both systems and people will be an asset leading St. Mary's Credit Union into its next chapter.”

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