Edward J. Merritt, President and CEO of Mt. Washington Bank Honored by the University of Massachusetts Boston for Longstanding Community Commitment and Service

Contact: Lauren Mann
Mt. Washington Bank
857-524-1155
lmann@MtWashingtonBank.com

South Boston, MA - - - At its annual community breakfast on March 13, 2007, the University of Massachusetts Boston recognized Mt. Washington Bank President and CEO Edward J. Merritt with the Chancellor’s Longstanding Community Commitment and Service Award.

“I am honored to receive this distinguished recognition on behalf of my colleagues at Mt. Washington Bank,” said Merritt. “Through the work of the Mt. Washington Charitable Foundation, which was founded in 2002, we are able to fulfill our commitment to be a good corporate citizen and neighbor. We strive to have a positive impact in the communities we serve by supporting programs involving education, youth and the arts and social services agencies,”

Merritt was appointed president and CEO of Mt. Washington Bank in 1999. Under his leadership, the bank has grown into a full service financial institution with over $480 million total assets and 120 employees serving the communities of South Boston and Dorchester.

During his tenure, Merritt has overseen the expansion of the bank’s presence in the industry growing it from a two branch operation to four branches and a fifth branch slated to open in the summer of 2007 in the Codman Square neighborhood of Dorchester.

In the University’s press announcement about this award, Chancellor Michael Collins said that the university “is proud each year to recognize the commitment of residents and business leaders of Boston who work to build stronger communities.” According to Collins, corporate citizenship exemplified by leaders like Ed Merritt are worthy and deserving of the University’s recognition and thanks.

Founded in 1893, Mt. Washington Bank has stayed committed to the promise outlined in its mission statement by being "full-service independent bank, offering financial services to meet the needs of its retail and small business community. Mt. Washington recently announced the opening of its new Gallivan Boulevard branch in Dorchester, representing the Bank's fourth branch location in addition to a stand alone loan center.

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