Gilda Nogueira (left), President and CEO of East Cambridge Savings Bank, and Timothy Bombard at the bank's main office in Cambridge. Photo courtesy of East Cambridge Savings Bank.

Gilda Nogueira, who has led East Cambridge Savings Bank as president and CEO for more than a decade, plans to retire later this year, and one of the bank’s long-time executives will take over her role.

Nogueira plans to continue as the bank’s CEO until the fall, the bank announced. Timothy Bombard, East Cambridge Savings Bank’s executive vice president and chief lending officer, has been named the bank’s president and will become CEO when Nogueira retires.

“It has truly been an honor and privilege for the 46 years of service with East Cambridge Savings Bank and I look forward to continuing to serve on the Board,” Nogueira said in a statement. “The Bank is a strong and trusted business leader and is well positioned for continued growth and success. I continue to be encouraged and inspired by the Bank’s employees, management, and Board – they are talented and dedicated and are fully committed to serving our customers and community.”

Nogueira joined East Cambridge Savings Bank in 1977 as a part-time teller while in high school, the bank said. She held various management positions before being named president and CEO in 2012.

During her tenure, the bank has grown to $1.6 billion in assets and expanded its footprint. Nogueira led the bank through the acquisitions of Chelsea Bank and Woburn-based Patriot Community Bank.

Bombard has more than three decades of experience in the banking industry. He joined East Cambridge Savings Bank in 1999 as vice president in the lending division and became chief lending officer in 2008.

“I am honored and humbled to be named the next president of East Cambridge Savings Bank,” Bombard said in a statement. “Gilda and her predecessors have set a high standard, and I look forward to continuing to lead the Bank down a path of steady, responsible growth. This is a time of great opportunity for local and mutual banks, and I am looking forward to leading this organization with a continued focus on enriching the customers and communities we serve and fostering a welcoming and inclusive place for our employees.”

Bombard is on the American Bankers Association’s commercial real estate lending committee and the Massachusetts Bankers Association’s commercial credit committee. He is also a board member and treasurer of Cambridge Neighborhood Apartment Housing Services Inc., a nonprofit organization that builds, renovates, and preserves affordable housing.

“Tim is a talented and attentive leader,” Nogueira said. “He is highly regarded and admired for his commitment and dedication to the Bank, staff, and our customers. Countless customers – from small businesses to larger entities – have all come to know and trust him and rely on his insights. He will be an excellent steward of East Cambridge Savings Bank’s customer and employee focused approach, its history, and its values.”