UniBank, a community bank based in Whitinsville, MA named Michael W. Welch as its chief executive officer. Christopher D. Foley, currently the interim president, has been appointed president on a permanent basis.
“We are incredibly excited that our new executive team brings together two talented people whose outstanding skills complement one another so well,” said Timothy P. Wickstrom, chairman of UniBank’s board of directors. “With Michael Welch’s track record of leadership and deep roots in the community, and Christopher Foley’s broad experience in banking, we have a combination that will preserve our values, continue our mission and take us to a new level of growth.”
Welch has a long history of running educational institutions and strong ties to Central Massachusetts. A Worcester native, he graduated from St. John’s High School in Shrewsbury and later returned to serve 15 years as the school’s headmaster. In that role he oversaw a successful capital campaign, boosted financial aid and scholarships and dramatically upgraded facilities.
Foley, who has 33 years of banking experience and has been at UniBank since 2000, will continue to run the day-to-day business of the bank – his area of exceptional expertise.
UniBank, which will celebrate its 150th anniversary next year, serves Central Massachusetts, Metro West, the Blackstone Valley and beyond.
