Boston’s First Trade Union Bank has named Paul Bolger executive vice president and chief banking officer and Shepard D. Rainie executive vice president and chief risk officer.

Bolger and Rainie will work at the bank’s One Harbor Street office in Boston.

In his role as chief banking officer, Bolger will be responsible for managing all business and retail banking operations for the bank’s New England and New York markets. 

Bolger, who resides in Reading, has 34 years of experience in financial services. He was most recently a principal at the Wellesley accounting and business consulting firm Finn, Warnke & Gayton.

Prior to that, he worked for Sovereign Bank, where he served as chief credit officer and head of commercial real estate and corporate lending and loan syndications.

Bolger was a founding partner and managing director for Marathon Investment Partners.

Rainie, a Sharon resident, joins the bank with more than 36 years of banking experience.

In his role as chief risk officer, Rainie will handle all enterprise risk, credit administration and compliance responsibilities for First Trade. 

Before joining First Trade, Rainie was Berkshire Bank’s executive vice president and chief risk officer. 

Rainie also held various positions with Bank of America and its predecessor banks, including senior vice president, credit review and managing director, strategic risk assessment. 

 "We are very excited to bring in two talented, experienced banking professionals who will add to an already strong management team," said Michael A. Butler, First Trade’s president and chief executive officer.  "Paul and Shep will provide critical focus to key areas within the organization that are essential to our continued profitable growth.  This is another positive step in helping First Trade solidify its place as a premier financial institution – one focused on customer service and relationship-based banking."