Martha’s Vineyard Savings Bank recently received final approval from the Martha’s Vineyard Commission and the West Tisbury zoning board of appeals to construct a new building for its financial group at 496 State Road. 

The planned bank building, designed by MacNelly Cohen Architects P.C., will open for business by June 2010.  

In other matters, the bank recently named Robert G. Ripley Jr. as senior vice president, financial group manager. Ripley has over 25 years of banking, investment and taxation experience, first with Shawmut Bank and then with a national company he founded known as Trust Tax Services of America.

The bank also announced that Susan Dostal was promoted to human resource officer at its last board meeting. Dostal has been in banking for the last 15 years, and is responsible for all human resource-related matters at the bank.