The string of credit union CEOs who lose their jobs after they lead their institutions to change to bank charters continues.
The latest executive to lose his position is Thomas DiBenedetto, who stepped down from his position as chief operating officer with Haverhill Bank, according to the North Andover, Massachusetts Eagle-Tribune. The resignation came just over a year after DiBenedetto's Northeast Community Credit Union changed to a bank charter and immediately merged with Haverhill Bank.
Both financial institutions were headquartered in Haverhill and Haverhill Bank claimed to be the oldest mutual or cooperative bank in Massachusetts.
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