Reading Cooperative Bank Announces Promotion of Karen Tavernese to Vice President

(NOTE: Reading Cooperative Bank has two locations in Wilmington — 230 Lowell Street and 352 Middlesex Avenue.)

READING, MA — Reading Cooperative Bank has promoted Karen Tavernese to Vice President. In this role, Tavernese will continue to oversee the implementation of all regulatory and compliance-related policies and procedures. She chairs the Bank’s Compliance Committee, working with bank officers to affirm that procedures exist which strengthen the Bank’s consumer compliance. As Compliance Officer, she supervises the BSA Analyst and manages the Bank’s internal audits to ensure that RCB is in compliance with banking laws and regulations.

“I’m both excited and flattered with my promotion to Vice President,” said Tavernese. “I look forward to continuing to expand upon my responsibilities and contribute to the growth and success of Reading Cooperative Bank.”

“Karen joined the bank in our retail banking division and has grown tremendously along with the bank,” said Julie Thurlow, President & CEO. “Promoting her to this new role is a compliment to her strong work ethic and ability to help the bank with its growth, while also maintaining procedures and ensuring the bank stays compliant with all regulations.”

About Reading Cooperative Bank

Reading Cooperative Bank is a depositor owned co-operative founded in 1886. This community-centric North Shore financial service provider has branches in Reading, Wilmington, North Reading, Andover, and Burlington. They also operate teaching branches at Northeast Metro Tech in Wakefield (open to the public) and at Reading Memorial High School (students and staff only), as well as an online branch at http://www.readingcoop.com.

(The above press release is from Reading Cooperative Bank.)

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