Veteran CRE Banker Mead Joins East Cambridge Savings to Lead Commercial Team

CAMBRIDGE — East Cambridge Savings Bank today announced the addition of Steven J. Mead as Senior Vice President and Senior Commercial Banking Officer, effective Oct. 6. In this key role, Mead will report directly to President and CEO Timothy E. Bombard and will be responsible for the strategic oversight of the bank’s commercial banking activities, including commercial real estate, construction, commercial and industrial (C&I) financing, and small business lending efforts within the Greater Boston and Massachusetts market. Mead is highly regarded in the regional financial community, bringing to the role more than two decades of commercial banking leadership experience, most notably from his prior role as Chief Commercial Banking Officer at Cambridge Trust Company.

“Steve is a proven commercial banking leader with deep roots in the Greater Boston market. His extensive experience across commercial real estate, multi-family, and C&I lending aligns perfectly with our strategic vision,” said Bombard. “We are thrilled to welcome him to our management team as we continue to deepen our commitment to local businesses and the communities we serve. Steve’s expertise will be invaluable as we navigate market opportunities and expand our commercial offerings.”

The mutual bank based in Cambridge boasts a rich history of over 170 years dedicated to meeting the needs of local businesses, establishing itself as a reliable partner throughout the decades. For two consecutive years, it has been honored with a “Best of” Award in Commercial Lending by Banker and Tradesman, highlighting the bank’s strong commitment to this essential and growing business line.

“Joining East Cambridge Savings Bank is an excellent opportunity to work for an institution that truly understands and prioritizes the needs of local and regional businesses,” Mead stated. “I look forward to leading a talented team, strengthening relationships with our commercial clients, and contributing to the continued growth and success of the bank as a trusted financial partner in Cambridge and beyond.”

Mead graduated from Skidmore College with a bachelor’s degree in business administration and holds a Massachusetts Bankers Certificate from the New England School for Financial Studies at Babson University. He has been an active youth baseball, hockey, and soccer coach, as well as a board member of Bedford Babe Ruth and Lexington-Bedford Youth Hockey. Mead resides in Bedford, Mass., with his wife and two college-aged children.