Cape Cod 5’s Savarese Ranked Among Most Powerful Women in Banking

Cape Cod Five Cents Savings Bank President and CEO Dorothy Savarese.

ORLEANS – The chair and CEO of Cape Cod Five Cents Savings Bank has been named one of the 25 Most Powerful Women in Banking for the eighth straight year.

American Banker placed Dorothy Savarese at number 12 on this year’s list.

Honorees are recognized for their professional achievements, strength of the institutions they serve and their influence in the financial services industry.

American Banker highlighted her role in leading Cape Cod 5 and the organization’s innovative approach to adopting new and emerging technologies to help customers meet financial goals.

She was also recognized for her advocacy for community banks and their capacity to continuously adapt to meet the changing expectations of consumers.

“I am honored to receive this recognition from American Banker, which draws attention to the talented women making great strides in the banking and financial services industry,” Savarese said.

“This award is evidence of our hard working Cape Cod 5 employees, whose demonstrated commitment to our mission of enriching lives allows us to be a strong and trusted advisor to the customers and communities we serve.”

Cape Cod 5 is an independent state-chartered financial institution with over $3.4 billion in assets.

The organization offers a broad range of financial products and services to customers living and working on Cape Cod, Martha’s Vineyard, Nantucket and in Southeastern Massachusetts communities through its 26 offices.