Martha’s Vineyard Savings Bank names Tom Sharkey as interim president and CEO

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The chairman of Martha’s Vineyard Savings Bank’s board of trustees, Frank Fenner, announced in a Dec. 22 press release that Thomas J. Sharkey will serve as the bank’s interim president and chief executive officer (CEO).

Mr. Sharkey, who has four decades of banking experience, has held leadership roles with Martha’s Vineyard Savings Bank (MVSB) for more than 20 years. He retired in 2015 from MVSB, where he served concurrently as executive vice president, chief financial officer, and treasurer. Mr. Sharkey served as interim president and CEO once before: in 2012 he ensured a smooth transition into new leadership.

“The board of trustees is thrilled that Tom Sharkey has accepted the role of interim president and CEO,” Mr. Fenner said. “Tom is a proven bank leader and a longtime Island resident. His depth of experience and deep roots in our community are greatly valued. We are confident that Tom will provide the continuity of leadership needed as we conduct our search for a new president and CEO.”

“I am honored to be asked to serve in this important role,” Mr. Sharkey said. “The bank is in a very strong financial position, and committed to serving the Martha’s Vineyard and Falmouth communities. I am looking forward to seeing familiar faces and contributing to the bank’s continued success.”

Mr. Sharkey assumed the role on Monday, Dec. 26, after current president and CEO Paul Falvey left to lead the Bank of New Hampshire.