Carrie Vargas Named SVP – Director Retail Banking

NEEDHAM, MA-- Needham Bank today announced that Carrie Vargas has joined the bank as Senior Vice President – Director Retail Banking. Reporting to Eric Morse, Executive Vice President, Ms. Vargas, a Wellesley resident, will be responsible for the overall administration and coordination of activities for Needham Bank’s nine branches. She will lead branch operational and sales activities and coordinate staff training and coaching.

Ms. Vargas has more than two decades of experience in the financial services sector, most recently as SVP/Senior District Executive of the Boston market with Santander Bank. Prior to Santander, Ms. Vargas worked at Citizens Bank from 1999 to 2013 in roles of increasing responsibility, ultimately rising to the position of SVP – Regional Manager, where she managed 14 branch offices in Rhode Island. Early in her career Ms. Vargas was employed by Fleet/Shawmut Bank at various Massachusetts locations.

Ms. Vargas holds a Bachelor of Science degree (Cum Laude) in Business Management from Westfield State University and also is a graduate of Babson College’s Advanced Leadership Development Program.

“Needham Bank has experienced tremendous growth over the past several years and acquired a record number of new customer accounts, “said Mr. Morse. “Carrie has a stellar reputation in terms of building and leading high-performance teams and delivering the very best in customer service. Adding her to our management team will allow us to build on that success and help us continue to take the bank to the next level”.

For her part, Ms. Vargas is excited by the opportunity to join one of New England’s fastest growing and most respected financial institutions.

“I am truly excited to be taking on this important role’, she commented. “Needham Bank is committed to the highest levels of customer service and employee engagement, which is perfectly aligned with my own professional priorities. And as someone who lives in Wellesley, I also appreciate the fact that the bank is fully committed to building and sustaining the communities it serves. I could not be more pleased.”