Wayne Patenaude, Cambridge Savings Bank’s chief financial officer, will replace Robert Wilson as president and CEO of Cambridge Financial Group Inc. and Cambridge Savings Bank.

Patenaude has served as the bank’s chief financial officer and treasurer since 2007.

"I am grateful for the opportunity to guide Cambridge Savings Bank and work with the board to advance the bank’s mission," Patenaude said in a statement. "Our dedicated staff has built a community bank model that is based upon financial strength, leading-edge customer technologies, personal customer service and an unwavering commitment to the quality of life and social good in the communities we serve."

Wilson announced his resignation effective Dec. 31 following a medical leave of absence earlier in the year.

A veteran community banking executive, Patenaude previously served as chief financial officer and treasurer with Berkshire Hills Bancorp Inc. and Berkshire Bank, where he oversaw capital and risk management, investment portfolio management and financial reporting. He was also chief financial officer and treasurer for American Savings Bank of New Britain, Conn.