Cape Cod Five Names William Hourihan Regional President for Nantucket
July 11, 2011
Dorothy A. Savarese, President and CEO of The Cape Cod Five Cents Savings Bank, is pleased to announce that William P. (Bill) Hourihan, Jr. has decided to join the Cape Cod Five’s Nantucket team as Regional President Nantucket reporting directly to the President and CEO.
Prior to his retirement in January 2011, Bill spent over 39 years as a banker on Nantucket. Most recently, Bill held a senior role for a large international institution’s banking presence on Nantucket.
Bill started his career as a teller at the Nantucket Institution of Savings, the predecessor institution to Nantucket Savings Bank and Nantucket Bank, in 1971 and subsequently held various officer positions including mortgage officer and Treasurer before becoming the Senior Loan Officer in 1983. In 1988, he became a Director and Officer of Homeport Bancorp, a new company which then became the owner of Nantucket Bank. He was named President and CEO of Nantucket Bank in 1992. He continued to serve in this capacity after Seacoast Bancorp acquired Nantucket Bank 2000 and maintained the bank as a separate legal entity. During his tenure as CEO of Nantucket Bank, the institution was consistently recognized for its performance and execution of strategy. When Sovereign Bank purchased Seacoast Bancorp and consolidated all the separate legal entities in 2004, he became Market CEO of the Islands.
In his role as Regional President Nantucket, Bill will be the highest ranking Cape Cod Five official on the Island and will direct Island efforts in banking services, lending and business development. He will also help coordinate the public relations, marketing, and philanthropic activities on the Island on the part of both the Bank and the Cape Cod Five Cents Savings Bank Charitable Foundation Trust.
Dorothy A. Savarese said: “The Bank is so fortunate to add someone of Bill’s character and experience to its Senior Management team. The Bank will benefit from the insights Bill has gleaned from his long career serving the Nantucket community and his understanding of its residents’ financial services needs.”
Public service to the community has been an important part of Bill’s distinguished career. This includes having served on the Nantucket School Committee, the Nantucket Finance Committee and the Nantucket Zoning Board of Appeals. Some of his non-profit activities include serving on the board of the Nantucket Cottage Hospital and the Dorothy H. Egan Foundation.
Bill is married to Louise E. Hourihan and they have four grown children. He holds a BA in Economics from the University of Massachusetts at Boston and a MBA from Babson University.
Bill’s office will be at the Cape Cod Five’s Loan Production Office at 5 Bayberry Court, Nantucket.
Seated left to right: Lynn Medeiros, Quint Waters, Bill Hourihan, Dorothy Savarese, Bert Talerman
Standing left to right: Magdalena Padzik, Gail Hayes, Rob Reisner, Warren Marsh, Phil Stambaugh, Melanie Sabin, Anne Spaulding
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