BankFive, a community bank with locations in Massachusetts and Rhode Island, today announced the promotion of two senior leaders.
Paul Medeiros, Bristol, RI, has been promoted to Executive Vice President, Director of Commercial Lending. Paul has been with BankFive or 25 years and oversees all Commercial Lending Activities for the bank. In addition to his daily Commercial Relationship responsibilities, he volunteers his time as Treasurer at the Family Service Association of Fall River and the Atlantis Educational Foundation, and serves on the board of several organizations including: Bristol County Economic Development Consultants, the Diman Bengal Education Foundation, the Watuppa Rowing Center, and the Southeastern Economic Development Corp. In 2013, Paul was a recipient of the John F. Brayton Community Service award for Outstanding Community Service, from One Southcoast Chamber of Commerce.
Patrick Deady, North Kingstown, RI, has been promoted to Executive Vice President, Director of Residential and Consumer Lending. In his new role, Patrick is responsible for the end to end Residential and Consumer Lending process from sales to service and all secondary market activities. He has been with BankFive for more than 7 years and is no stranger to the Massachusetts and Rhode Island housing markets, having served as Senior Vice President, Director of Residential Lending at Admirals Bank in Providence, RI. A member of the Mass Mortgage Bankers Association, Past President of Rhode Island Mortgage Bankers, and a member of the Bank Forward Committee for the RI Bankers Association, Patrick also dedicates his time as a volunteer with Habitat for Humanity and Youth Sports.
"BankFive believes that communities thrive when businesses grow and consumers buy and invest in homes. BankFive is fortunate to have exceptional professionals leading our Residential and Commercial teams,” said Anne P. Tangen, President and CEO of BankFive. “For more than 20 years, Paul’s leadership has contributed to the growth of the commercial portfolio. In the last three years, growth has exceeded $170 million. Patrick plays an instrumental role in the bank’s growth increasing our ability to meet customer’s lending needs through both consumer loans and residential mortgages, resulting in a $216 million in portfolio growth over the last three years. Both Patrick and Paul play key roles on our leadership team and demonstrate the values of Human, Dynamic and Steadfast. Their new titles recognize their contributions as they continue to shape the trajectory of BankFive and the communities we serve."