Coastal Heritage Bank is pleased to announce the election of eight new members to the Bank’s Board of Corporators. The new members were unanimously elected at the Bank’s Annual Meeting in May. Corporators serve in an advisory and advocacy role at the Bank.
The new members are:

Greg Acerra, Braintree MA – President, Fireking Baking Company
Kevin Barbary, Scituate MA – Partner, CMO, Creative Office Resources
Carl Christenson, Scituate MA – Former Chairman/CEO of Altra Industrial Motion
Matt Elder, Scituate MA – Founder & President, Untold Brewing
Melanie Legge, Cohasset MA – President & Owner, Annese Electrical Services, Inc.
Darreck Mitchell, Abington MA – VP, Director of Capital Markets, Sunwealth, Inc.
Robert Murphy, Quincy MA – Founding Partner, Holbrook & Murphy Law
Tim Pesko, Marshfield MA – President, Design Built LLC, Childscapes

Coastal Heritage Bank announces the retirement of Maria Vafiades, Chief Financial Officer and Treasurer, effective April 1, 2026.

Ms. Vafiades has been a steadfast and highly respected leader throughout her tenure, bringing exceptional financial expertise and a thoughtful, strategic approach to the Bank. Her ability to clearly communicate complex financial information and long-term financial planning has been invaluable to both the organization and its leadership.

Throughout her distinguished career in community banking, Ms. Vafiades has made significant contributions to the banking community and to Coastal Heritage Bank. Her leadership, professionalism, and dedication have played an important role in the Bank’s continued success.

Coastal Heritage Bank extends its sincere gratitude to Ms. Vafiades for her many contributions and wishes her and her husband, Jay, all the best as they begin this next chapter.

Coastal Heritage Bank is pleased to announce the promotions of Scott Ambroceo, Mark A. D’Onofrio, and Jamar Green effective April 1, 2026.

Scott Ambroceo has been appointed Chief Financial Officer/Treasurer & Chief Operating Officer. Mr. Ambroceo previously served as Chief Financial Officer at legacy Weymouth Bank/Equitable Bank prior to the 2019 merger. In his expanded role, he will continue to oversee his current operational responsibilities while assuming leadership of the Bank’s financial functions.

Mark A. D’Onofrio has been promoted to Chief Lending Officer. Previously serving as Senior Vice President of Commercial Lending, Mr. D’Onofrio will now oversee all lending functions across the Bank. His extensive experience and leadership have been instrumental in supporting the Bank’s continued growth and lending excellence.

Jamar Green has been promoted to Senior Vice President and Chief Risk Officer. In his expanded role, Mr. Green will continue to lead the Bank’s Compliance, CRA, and Fair Lending functions, while assuming broader responsibility for enterprise-wide risk management. This includes oversight of regulatory risk, third-party risk management, and continued collaboration with Finance on the Bank’s internal audit program. Since joining Coastal Heritage Bank in 2020, Mr. Green has demonstrated strong leadership, sound judgment, and a deep understanding of the regulatory environment.

“These promotions reflect the strength of our senior leadership team and our continued commitment to supporting the Bank’s growth and long-term success.” said Robert W. Terravecchia, Chairman/CEO of Coastal Heritage Bank.

Coastal Heritage Bank officially announces that Joanne Pompeo has been named Vice Chair of the Bank and its subsidiaries effective July 1, 2023.

Ms. Pompeo will serve as Vice Chair for Equitable Bancorp, MHC and Equitable Bancorp, Inc., which are holding companies for the Bank.

Ms. Pompeo also serves on several Bank committees including: Corporate Governance Committee; CRA Committee; Executive Committee; Human Resources/Personnel/Compensation Committee; NDIP Committee; Security (Loan & Investment) Committee; and the Strategy Committee.

Ms. Pompeo assumes the role of Vice Chair from Robert Haley, a long-serving member of the Board who passed away in February of 2023.

Chairman/Chief Executive Officer of the Bank, Robert W. Terravecchia, Jr., commented that, “We are fortunate to have a Vice Chair with the depth of knowledge of Joanne and someone who has steadfastly supported the long-term vision and mission of the Bank for many, many years.”‌

Ms. Pompeo is a resident of Hull, MA, and has been a member of the Board of Directors since 1987. She is a graduate of UMASS Amherst. She is presently employed at William Raveis Real Estate in Hingham. Her professional affiliations include National Association of Realtors, Mass Association of Realtors, and South Shore REALTORS®. She also serves as a Member of the Board of Trustees for South Shore Health Systems Foundation.

At Coastal Heritage Bank, giving back to our local communities is integral to who we are and what we do.

Thank you to our Coastal Heritage Bank employees who serve as members of our Coastal Crew for stopping by the Neighbor Works Veterans home in Marshfield to spruce up the grounds for its residents. Neighbor Works provides affordable housing solutions and opportunities for individuals and families in need, including veterans, people with disabilities, and those without homes.

We are grateful that we are able to help out and give back in any way that we can. Thank you to the employees at Coastal Heritage Bank for volunteering your time with Neighbor Works and taking part in Coastal Cares!

At Coastal Heritage Bank, we prioritize helping others and giving back to our local communities.

We are proud of the work our Coastal Crew accomplished in cleaning up Peggotty Beach on April 15th! Our team, comprised of Coastal Heritage Bank employees, made quick work of removing nearly half a ton of plastic, wood, broken lobster pots, rubber mats, and more from the beach premises.

We cannot thank our staff enough for participating in the beach cleanup, on a weekend no less, and for supporting the Coastal Cares cause.

In reference to current events in the financial industry, I would like to briefly mention a few items of importance about your relationship with Coastal Heritage Bank.

• Please understand that 100% of your deposits with Coastal Heritage are fully insured, above and beyond the FDIC limit of $250,000. This is accomplished through our partnership with the DIF (Depositors Insurance Fund) which covers all deposits in the Bank above the FDIC limit. Since its inception in 1934, no depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.
• We are a stable and sound Bank that is well managed with high capital levels, a growing deposit base and solid loan demand.
• We have a very rich history of managing the ups and downs of a variety of economic cycles – that’s one of the reasons we have been able to thrive on the South Shore for over 140 years.

For additional information and resources please visit the FDIC and DIF websites.

If you have any questions about the Bank or FDIC/DIF insurance, please feel free to contact us at 800-695-1300. I thank you once again for choosing to bank local with Coastal Heritage Bank.

To address certain misrepresentations about FDIC deposit insurance by some crypto companies, the FDIC is issuing an Advisory to FDIC-insured institutions Regarding Deposit Insurance and Dealings with Crypto Companies (FDIC Crypto Advisory).

Additionally, a Fact Sheet on What the Public Needs to Know About FDIC Deposit Insurance and Crypto Companies (Deposit Insurance Fact Sheet) has been posted to FDIC’s website to provide additional information about deposit insurance coverage.

Download Fact Sheet