Needham Bank Appoints Matthew Richardson as Executive Vice President for Treasury & Cash Management

Needham Bank Welcomes Matthew Richardson as Executive Vice President

Needham Bank, a prominent financial institution in Massachusetts, has announced the appointment of Matthew Richardson to the position of Executive Vice President of Treasury and Cash Management Services. His extensive career in financial services spans over 35 years, with a significant portion spent at Citizens Bank, where he excelled in various leadership roles related to treasury and cash management. This includes serving as Senior Vice President for Sales and later as Senior Vice President, Chief Operating Officer.

In his new role, Mr. Richardson will be responsible for overseeing the bank's commercial banking operations, including cash management services tailored for businesses and municipal clients. His expertise is expected to greatly enhance Needham Bank’s offerings, particularly for specialized banking clients like those in the cannabis industry, underlining the bank's commitment to innovative financial solutions.

Joseph P. Campanelli, the bank's Chairman and CEO, expressed enthusiasm for Richardson's arrival, noting that his solid track record and leadership background will further strengthen the bank’s already impressive executive team. Campanelli remarked, "Matt Richardson brings an incredibly strong background and track record in treasury and cash management services to Needham Bank. He's one more cornerstone in the highly talented executive management team we are building.”

Richardson himself shared his excitement about joining Needham Bank, stating, "The whole story of Needham Bank is very appealing. Joe Campanelli is a dynamic leader with a reputation for success and an excellent team of smart people all rowing in the same direction. There is a lot of energy and excitement to grow and increase the value of the franchise.”

An industry expert, Richardson is frequently invited as a speaker for leading organizations, including the National Automated Clearinghouse Association and the Association for Financial Professionals. His insights and knowledge make him a sought-after figure in the financial services landscape.

Needham Bank, established in 1892, has a long-standing reputation for helping individuals, businesses, and non-profits in building for their futures. The bank is headquartered in Needham, roughly 17 miles southwest of Boston’s financial district. Known as the ‘Builder’s Bank’, it offers a variety of technology-driven products and services tailored to meet customer needs. As a locally-rooted bank, it combines the expertise usually associated with larger institutions with a deep commitment to the community.

As Richardson leads Needham Bank's efforts in treasury services and liquidity management, the bank positions itself to not only expand its offerings but also reinforce its reputation as a forward-thinking institution dedicated to serving the community effectively. With fresh leadership coupled with a strong foundation, the future seems promising for Needham Bank, aiming to deliver enhanced financial solutions to its diverse clientele. For more information about the bank's services, visit Needham Bank.