Randolph Bancorp, Inc. and Envision Bank Announce Director Retirement

Rhea-AI Summary

Randolph Bancorp, Inc. (NASDAQ: RNDB) announced the retirement of Paul R. Donovan from its board, effective September 20, 2021. Donovan, who served for eight years, was recognized for his contributions, especially in information technology.

His departure coincides with the recent appointments of Evelyn Kaupp, Ronald Perry, and Pamela Scott to the board, aimed at maintaining effectiveness as other long-standing members also retire due to age. Envision Bank, the operating bank of Randolph Bancorp, has five retail branches and several loan operations across Massachusetts and New Hampshire.

Positive

• Board appointments aimed at maintaining effectiveness
• Recognition of contributions in critical areas like information technology

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• None.

QUINCY, Mass., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Randolph Bancorp, Inc. (the “Company”) (NASDAQ Global Market: RNDB), the holding company for Envision Bank (the “Bank”), today announced that Paul R. Donovan will retire as a member of the board of Directors of the Company and the Bank, effective September 20, 2021.

“It has been an honor to work with Paul over the past eight years,” said Kenneth K. Quigley, Jr., Board Chair of the Company and the Bank. “On behalf of the Board and the entire team, I want to thank Paul for his stewardship and thoughtful insights, especially on matters concerning information technologies which are critical for our business. His many contributions will have a lasting impact on the Company for years to come.”

On July 15, 2021, the Company announced the appointment of Evelyn Kaupp, Ronald Perry and Pamela Scott to the Board. Their appointment served to allow the Board to maintain effectiveness through the retirement of Mr. Donovan and fellow long-standing members John O’Connor and Janis Wentzell, who will retire as board members over the next six months upon attaining age 75.

About Randolph Bancorp, Inc.
Randolph Bancorp, Inc. is the holding company for Envision Bank and its Envision Mortgage Division. Envision Bank is a full-service community bank with five retail branch locations, loan operations centers in North Attleboro and Quincy, Massachusetts, three loan production offices located in Massachusetts and one loan production office in Southern New Hampshire.

For More Information, Contact:
William M. Parent, President and Chief
Executive Officer (617-925-1955)

FAQ

What is the recent board change at Randolph Bancorp (RNDB)?

Randolph Bancorp announced the retirement of Paul R. Donovan from its board effective September 20, 2021.

Who are the new board members appointed by Randolph Bancorp (RNDB)?

Evelyn Kaupp, Ronald Perry, and Pamela Scott were appointed to the board.

Why did Paul R. Donovan retire from Randolph Bancorp's board?

His retirement is part of a planned succession as he and other long-standing members reach the age of 75.

How many branches does Envision Bank operate?

Envision Bank has five retail branch locations.

When did Paul R. Donovan's retirement from the board take effect?

Paul R. Donovan's retirement took effect on September 20, 2021.