Bay State Savings Bank Appoints Seth A. Pitts Senior Vice President & Chief Financial Officer

May 5, 2020

WORCESTER, MA – Bay State Savings Bank is proud to announce Seth A. Pitts has been appointed Senior Vice President and Chief Financial Officer at the Bank’s 28 Franklin Street location in Worcester, MA. In this role, Mr. Pitts will manage Bay State Savings Bank’s financial reports, planning, and records.

Mr. Pitts joins Bay State Savings Bank with over ten years of experience in banking, finance, and federal regulation. Previously, he served as Financial Institution Risk Examiner for the Federal Deposit Insurance Corporation’s Division of Risk Management Supervision and Area Lending Specialist for the U.S. Department of Agriculture – Rural Development.

“Seth brings strong expertise in bank regulatory requirements, liquidity and balance sheet management to Bay State,” said Bay State Savings Bank President and CEO Peter Alden. “His work ethic along with a sense of urgency fits with our philosophy and corporate values.”

Mr. Pitts holds a Master’s degree in Finance from the University of Massachusetts Boston. He is also a Certified Fraud Examiner by the Association of Certified Fraud Examiners. Additionally, he serves as a member (former Chair) of the Trust Funds Commission for the City of Worcester.

Mr. Pitts currently resides in Worcester, MA.