Rob Cozzone, Rockland Trust Co.’s chief operating officer, has been named the next president and CEO of Hudson-based Avidia Bank.
Cozzone will replace Mark O’Connell, who will retire as Avidia Bank’s president and CEO in May.
“I’m grateful to be selected by the board to join a capable and dedicated team, and I look forward to building lasting relationships with them,” Cozzone said in a statement from Avidia Bank. “Avidia’s genuine commitment to the community and its tradition of innovation and excellence in customer service is admirable. The bank has enjoyed tremendous growth and success under Mark’s leadership and I’m committed to continuing that legacy.”
Cozzone submitted his resignation to Rockland Trust this week and will leave the bank by mid-March after assisting with transitioning his responsibilities, Rockland Trust said in a securities filing on March 1.
Cozzone joined Rockland Trust in 1998 and became the bank’s chief financial officer in 2013. He has been Rockland Trust’s executive vice president and chief operating officer since 2019. During that time, he led Rockland Trust’s expansion in Worcester County.
“The board is extremely excited about Rob becoming the next CEO at Avidia,” Paul Blazar, Avidia Bank’s board chair, said in the statement. “We are confident that he is the right individual to take us to the next level of achievement as a successful, independent community bank.”
Avidia Bank has about $2.5 billion in assets and nine branches in Hudson, Westborough, Framingham, Shrewsbury, Clinton, Leominster, Marlborough and Northborough.
O’Connell has led Avidia Bank and one of its predecessor banks, Hudson Savings Bank, since 2004.
“I have been honored to lead Avidia Bank over the past 19 years, and I am excited about Rob coming in as my successor,” O’Connell said in the statement. “Rob’s dedication to community banking combined with his impressive qualifications and experience make him a perfect fit to lead Avidia Bank. His capable leadership will ensure that Avidia continues to be a valuable community partner and innovative community bank in the years ahead.”
