Business Brief: Bank of Martha’s Vineyard announces hire

Business Brief: Bank of Martha’s Vineyard announces hire

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William “Bill” Gruetzmacher, a longtime Vineyard homeowner and a Vineyard summer resident since 1983, has joined the Bank of Martha’s Vineyard, a division of Sovereign Bank, as vice president and business banking relationship manager. He will be responsible for coverage of businesses on Martha’s Vineyard and Cape Cod and will have offices in both Vineyard Haven and Hyannis, according to a press release.

Mr. Gruetzmacher has more than 20 years of commercial banking and investment banking experience as a managing director of Merrill Lynch in their Capital Markets Division in New York City, as a vice president of Kidder Peabody in capital markets in New York City, and as a commercial banking officer with Continental Illinois National Bank in Chicago.

“I am excited to bring to Vineyard and Cape Cod businesses all the unparalleled products and services offered by Sovereign Bank, backed by the financial strength of the global banking powerhouse Banco Santander,” Mr. Gruetzmacher said.

Mr. Gruetzmacher and his wife Denise Morando Gruetzmacher are moving from their primary residence in Summit, New Jersey to their Katama summer home where they will now live year-round.