GEORGETOWN, Mass.--(BUSINESS WIRE)--Georgetown Bank (the “Bank”), a wholly owned subsidiary of Georgetown Bancorp, Inc. (the “Company”) (NASDAQ: GTWN), recently promoted Frederick H. Weismann to the position of Executive Vice President/Chief Operating Officer. In his new position, Weismann will assume responsibility for managing Commercial Banking, Retail Banking, Commercial and Residential/Consumer Lending, Deposit Operations, Compliance and Security.
Weismann’s background in various areas of bank operations extends for over forty years. Most recently, he has held the position of Senior Vice President/Senior Commercial Loan Officer at Georgetown Bank. Prior to coming to the Bank in 2011, Weismann held the position of Senior Vice President/New Hampshire Market Manager in the Commercial Lending Group of Pentucket Bank, Salem, NH. Over the years, he has held various executive positions, including Chief Executive Officer, Chief Credit Officer, and Chief Banking Officer, at a number of community banks in southern New Hampshire and upstate New York.
Mr. Robert E. Balletto, President and CEO of Georgetown Bank stated, “I am extremely pleased to announce Fred’s promotion. With his extensive well-rounded background in community banking, including extensive expertise in commercial/residential lending and retail banking, he will be an exceptional resource for the Bank and its customers.”
Weismann is a graduate of Bowling Green State University, Bowling Green, OH where he earned his B.A. in Economics. He earned a Master of Business Administration (MBA) from Rochester Institute of Technology, Rochester, NY with a concentration in Finance and Marketing.
About Georgetown Bancorp, Inc.
Georgetown Bancorp, Inc. is the holding company for Georgetown Bank. Georgetown Bank, with branch offices in Georgetown, North Andover and Rowley, Massachusetts, is committed to making a positive difference in the communities we serve. We strive to deliver exceptional personal service at all times and to help each of our customers achieve their unique financial goals through a competitive array of commercial and consumer banking services. To learn more about Georgetown Bank, visit www.georgetownbank.com or call 978-352-8600.
This news release may contain certain forward-looking statements, such as statements of the Company’s or the Bank’s plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be” or “would.” These statements are subject to change based on various important factors (some of which are beyond the Company’s or the Bank’s control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management’s analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth, and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including Current Reports on Form 8-K.