Business articles

Cape Ann Savings Bank lobby

Passing banking to the next generation

For three decades, Cape Ann Savings Bank has operated a unique program where a branch operates within a local high school. It’s been a vehicle for multiple generations of students to learn banking basics and connect with the community bank.

Derek Fraley of Systematic Savings Bank

How Systematic Savings Bank turned around

When Derek Fraley joined Systematic Savings Bank as president and CEO in 2017, it was in trouble. To save it, he changed the community bank’s charter, launched an IPO and executed sweeping culture changes. The result: the bank has had four back-to-back positive quarters for the first time in more than a decade.