Wainwright Bank Names Martha Dean Head of Operations

Martha Dean joins Wainwright Bank & Trust as SVP and operations manager.

Martha Dean joined Wainwright Bank & Trust Co. ($900 million in assets) as SVP and operations manager. Though she will have responsibility for deposit operations, loan servicing, compliance, and administration and facilities, her role as head of the Boston-based bank's IT organization may be her most important.

"Technology will play a very important role in the continued successful strategic initiatives of the bank," Dean says. "From an operational and IT perspective, technology is the foundation on which the bank's products, services, data security and operational efficiencies are built."

Dean notes that Wainwright Bank has stood out from other financial institutions as a "socially progressive" bank since its founding in 1987. More than 50 percent of its commercial lending portfolio is committed to community development initiatives, including affordable housing, homeless shelters, HIV/AIDS services, community health centers and environmental issues, Dean explains.

Dean -- who most recently was SVP and COO of Worcester, Mass.-based Commonwealth National Bank -- says she plans to augment Wainwright's unique position by introducing some of the newer technologies with which she became familiar in her previous roles. But, she adds, "As we move forward and investigate new technologies, we will be sure to keep our data information standards high in order to provide stability and security within our product lines."