News & Resources

Board of Directors Names Rosemary Picard Chief Executive Officer and President.

Savers Bank is pleased to announce that its Board of Directors has named Rosemary Picard, an accomplished COO and CFO of Savers Bank since 2014, as the company’s next Chief Executive Officer and President, effective May 11, 2020. Rosemary succeeds past CEO and President Joe Coderre who retired after 35 years with the company.

“Rosemary is eager to build upon the past successes of the bank and lead the company into its next chapter. Rosemary has a deep respect for our customers and will make the decisions necessary to deliver on the value of our Simply Better brand. Her forward thinking ideas to improve the bank efficiencies along with providing leading bank customer financial solutions will insure that Savers Bank is among the top leading community banks in Central Massachusetts.” said Dr. Dewey J. Tiberii, Chairman.

Rosemary is committed to the communities we serve and is eager to understand the unique needs that each community has to better serve them with the latest financial consumer and business services. All of the Savers Bank team wishes her much success as we continue to move the bank forward.

Prior to joining Savers Bank, Rosemary served as Chief Financial Officer and Treasurer for Dean Bank. Rosemary has over twenty years of banking experience which includes Beneficial Finance & Mortgage and State Street Bank & Trust. She is a Certified Public Accountant and worked as a Senior Accountant for Piccerelli, Gilstein, & Co, LLP located in Providence, RI.

Rosemary graduated with honors from University of Massachusetts Dartmouth with a Bachelor of Science degree in Accounting. She is an active member of the Massachusetts Society of Certified Public Accountants, the Boston chapter of the Financial Managers Society. Rosemary resides in Hopkinton, MA with her husband, Paul and son, Owen.

About Savers Bank

Founded in 1910, Savers Bank has offices in Southbridge, Uxbridge, Auburn, Grafton, Charlton, and Sturbridge, and is a member of the Federal Deposit Insurance Corporation (FDIC), the Federal Home Loan Bank, the Co-operative Central Bank, and Massachusetts Bankers Association. With assets of over $625 million, Savers Bank offers a full range of consumer and commercial banking services, with a strong legacy of community commitment and exceptional customer service. For more information call 1-800-649-3036, or visit the website at

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