Hingham Savings Announces Passing of Former Director and Clerk Marion Fahey

Rhea-AI Summary

Hingham Institution for Savings (NASDAQ: HIFS) announced the passing of former Director and Clerk, Marion Fahey, who died at the age of 97. Fahey served as a Director from 1992 to 2015, playing a key role in maintaining the bank's independence and benefiting its community. She also held significant positions at East Weymouth Savings Bank and served as Superintendent of Schools for the City of Boston, contributing to the desegregation of its public school system. Her guidance impacted three generations of the Gaughen family at Hingham.

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• Marion Fahey played a crucial role in ensuring the bank's independence for 30 years.
• Her extensive experience and guidance benefited Hingham and its community significantly.

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• None.

HINGHAM, Mass., Jan. 12, 2022 (GLOBE NEWSWIRE) -- With great sadness, Hingham Institution for Savings (NASDAQ: HIFS) (“Hingham”) announced that former Director and Clerk of the Bank, Marion Fahey, died yesterday. She was 97.

Ms. Fahey served as a Director of Hingham from 1992 through 2015. She was instrumental in the effort by the present management group to establish control at Hingham, ensuring that the Bank would remain independent and run for the benefit of its owners and its community over the next thirty years. Prior to Hingham, Ms. Fahey was a Trustee and Director at East Weymouth Savings Bank, where served alongside a number of current directors of the Bank. For the last fifty years, she has provided invaluable advice and counsel to three generations of the Gaughen family running Hingham and East Weymouth.

Prior to her service at Hingham and East Weymouth, Ms. Fahey served as Superintendent of Schools for the City of Boston, where she played a critical role in implementing the desegregation of the Boston Public School system.

She will be deeply missed.

CONTACT: Patrick R. Gaughen, President & Chief Operating Officer (781) 783-1761

FAQ

Who was Marion Fahey in relation to Hingham Institution for Savings?

Marion Fahey was a former Director and Clerk of Hingham Institution for Savings, serving from 1992 to 2015.

What impact did Marion Fahey have on Hingham Institution for Savings?

Marion Fahey was instrumental in maintaining the bank's independence and ensuring it operated for the benefit of its owners and community.

When did Marion Fahey pass away?

Marion Fahey passed away on January 11, 2022.

What other positions did Marion Fahey hold?

In addition to her roles at Hingham, Fahey was a Trustee and Director at East Weymouth Savings Bank and served as Superintendent of Schools for the City of Boston.

How long did Marion Fahey serve as a director at Hingham?

Marion Fahey served as a director at Hingham for 23 years, from 1992 until 2015.