Kristin Carvalho. Photo courtesy of MutualOne Bank

MutualOne Bank has a new chief executive officer in Kristin Carvalho.

Carvalho has been at the bank since 2022, holding roles as president, chief operating officer and treasurer. She will retain these titles after becoming the CEO.

She joined the bank after stints as president, CEO and board chair at Cobblestone Management, president and CEO of Milford National Bank & Trust and vice president of corporate banking at Citizens

An executive with 25 years of experience in banking, she replaces Mark Haranas as CEO. Haranas was legal counsel to MutualOne beginning in 1989 and began his tenure with the bank as CEO in 2008 when it was then Framingham Co-operative Bank.

In announcing Carvalho’s appointment, the bank credited Haranas with playing a crucial role in navigating the bank’s 2012 merger with Natick Federal Savings Bank to create what is now MutualOne Bank. Under his leadership, MutualOne eclipsed $1 billion in assets.

“It has been a sincere privilege to serve as CEO of MutualOne Bank for over 16 years,” Haranas said in a statement. “I’m proud of what we’ve been able to accomplish to help people and businesses in our community. I’m confident that Kristin’s strong leadership and experience will help ensure our future growth and success.”

While he is retiring as CEO of the bank, Haranas will continue to be chairman of the board.

MutualOne Bank Names Kristin Carvalho New CEO

by Sam Minton time to read: 1 min
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