Georgetown Bank Promotes Bryan to Chief Operations Officer
Philip J. Bryan, Executive Vice President/Chief Operations Officer
GEORGETOWN, Mass. -- April 22, 2013
Georgetown Bank (the “Bank”), a wholly owned subsidiary of Georgetown Bancorp,
Inc. (the “Company”) (NASDAQ: GTWN), recently promoted Philip J. Bryan to the
position of Executive Vice President/Chief Operations Officer. In his new
position, Bryan will assume responsibility for managing all aspects of the
Bank’s day to day operations including Residential/Consumer and Commercial
Lending, Retail Banking, Deposit Operations, Compliance and Security.
Bryan’s background in various areas of bank operations extends for over twenty
years. Most recently, he has held the position of Senior Vice President/Chief
Lending Officer at the Bank. Prior to coming to the Bank, Bryan held the
position of Senior Vice President/Retail and Lending at Metro Credit Union,
Chelsea, MA., where he was responsible for all aspects of the customer facing
departments including consumer and commercial lending, retail branches, call
center, and collections. He has also held senior management positions at TD
Banknorth, the former Ipswich Savings Bank, Ipswich, MA and Metro West Bank,
Mr. Robert E. Balletto, President and CEO of Georgetown Bank stated, “I am
extremely pleased to announce Phil’s promotion. With his extensive
well-rounded background in community banking, including extensive expertise in
retail banking and loan operations, he will be an exceptional resource for the
Bank and its’ customers.”
Bryan is a graduate of the University of Massachusetts, Dartmouth, MA where he
earned his B.S. in Human Resource Management in 1986. Over the years, he has
participated in numerous industry specific educational and professional
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.
Robert E. Balletto, 978-352-8600
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