Southbridge-based Savers Bank has named Rosemary Picard as its new president and CEO. Picard replaces Joe Coderre who retired after 35 years with the company.

Picard joined Savers Bank in 2014 and held the roles of chief financial officer and chief operating officer.

Board Chairman Dewey J. Tiberii said in a statement that Picard was “eager to build upon the past successes of the bank and lead the company into its next chapter.”

“Rosemary has a deep respect for our customers and will make the decisions necessary to deliver on the value of our Simply Better brand,” Tiberii said. “Her forward thinking ideas to improve the bank efficiencies along with providing leading bank customer financial solutions will insure that Savers Bank is among the top leading community banks in Central Massachusetts.”

Prior to joining Savers Bank, Picard served as CFO and treasurer at Franklin-based Dean Bank. Picard, who has over 20 years of banking experience, has also worked at Beneficial Finance & Mortgage and State Street Bank & Trust. She is a certified public accountant and worked as a senior accountant for Piccerelli, Gilstein, & Co LLP in Providence.

Savers Bank has $600 million in total assets and branches in Southbridge, Uxbridge, Auburn, Grafton, Charlton and Sturbridge.