The Cape Cod Five Cents Savings Bank has hired Richard Leonard as regional president of Martha’s Vineyard. 

In the role, Leonard will lead the bank’s cross-functional team from its office on Beach Street Extension in Vineyard Haven.

"We are delighted to welcome Richard to our senior officer team.  He shares the values that are so important to us at Cape Cod Five. Richard is a dedicated and active participant in important community nonprofit agencies, and he has a proven track record of providing locally-tailored, customer-focused community banking on Martha’s Vineyard," Dorothy A. Savarese, president and CEO of The Cape Cod Five Cents Savings Bank, said in a statement.

Prior to joining Cape Cod Five, Leonard was as a chief operating officer and president and CEO at banks on Martha’s Vineyard.

He currently serves as president and chairman of the board of directors of Island Housing Trust Inc., president of Greenhough House and President of You’ve Got a Friend Inc.