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Pentucket Bank Names Dowst as CEO

July 07, 2021, 07:00 AM
Related: CEO, Personnel Moves

The Senior Leadership Team and Board of Directors of Pentucket Bank announced Bank President Jonathan Dowst as Chief Executive Officer and Director. Dowst assumes this role following the June 30 retirement of longtime bank leader and former CEO, Scott Cote.

Dowst joined the Pentucket Bank team as Executive Vice President/Chief Credit Officer in March of 2019 following nearly 35 years at both small and large banks. He most recently had been employed at Bank of America, where he held senior level leadership roles in commercial credit, sales and overall business strategy.

In addition to his experience with national banks, Dowst started his career in community banking in New Hampshire, where he honed strong customer service, team building and community involvement skills, aligning his experience with Pentucket Bank’s community-based mission and culture.

Dowst was subsequently named President of Pentucket Bank July 1, 2020, as part of the bank’s long-term succession plan. In his role as President, Dowst worked closely with Cote and former President Charles Walker, along with the other members of the Bank’s Senior Leadership Team, to ensure a smooth transition while also overseeing the day-to-day operations of the Bank.

“I am humbled by the support I have received by the Bank’s Board of Directors and Leadership Team, and by their trust in me to lead this fine community institution.  I have large shoes to fill with the retirements of Scott and Chuck, however together with Pentucket Bank’s team of talented, dedicated, and passionate bankers, I am confident we will continue to do great things for our customers and communities,” said Dowst.

As President and CEO, Dowst will report directly to the Bank’s Board of Directors, of which Cote remains Chairman. Walker will also continue to serve on the Board in retirement.  Dowst continued, “My commitment, together with the Bank’s employees, is to maintain and strengthen the Bank’s mission, core values, culture, and commitment to mutual ownership and independence for the benefit of our current and future customers, and our communities.  I am grateful for the leaders who came before me and I look forward to building upon the strong foundation they established, dating back to 1891.”

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