The Board of Directors of MutualOne Bank announced that, with the retirement of Mark R. Haranas, Dr. Kristin Carvalho has been named Chief Executive Officer.
Serving as legal counsel to the Bank beginning in 1989, Haranas began his tenure as CEO of what was then Framingham Co-operative Bank in 2008. Among Mark’s many accomplishments was stewarding the 2012 merger of Framingham Co-operative Bank with Natick Federal Savings Bank to create MutualOne Bank – a mutual bank offering a range of personal and commercial banking solutions which has grown to become a $1.2 billion institution.
“It has been a sincere privilege to serve as CEO of MutualOne Bank for over 16 years,” shared Haranas.
“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.”
An accomplished senior executive leader with over 25 years in banking, financial services, and audit, Carvalho has helped several leading community financial institutions increase market share and profitability while maximizing productivity.
Since joining MutualOne Bank in 2022 as President, Chief Operating Officer, and Treasurer, Carvalho has overseen the exponential growth of the Bank’s digital offerings as well as plans for future expansion. In addition to serving as CEO, she will continue her role as President and will serve on the Board of Directors.
Prior to joining MutualOne Bank, Carvalho served as President/CEO and Chairman of the Board at Cobblestone Management, LLC and President/CEO and Director of Milford National Bank and Trust Company. She also served as Vice President of Corporate Banking for Citizens Bank.
Carvalho holds a Master of Science in Financial Services and Banking from Suffolk University and a Master of Business Administration, Management from Bryant University. She also earned a Doctorate in Business Administration from the University of Rhode Island and is an Adjunct Faculty member at Boston University.
Though he has stepped down as CEO, Mark will continue to serve as Chairman of the Board for MutualOne Bank.
