Dorothy A. Savarese is the Chairman, President and Chief Executive Officer of Cape Cod Five Mutual Company, the sole shareholder of The Cape Cod Five Cents Savings Bank, an independent Massachusetts state-chartered savings bank founded in 1855. The Cape Cod Five has grown to over $3.0 billion in assets with a leadership position in both deposits and loans on Cape Cod. Currently, the Bank employs over 450 people in its 27 locations throughout Cape Cod, the Islands and Southeastern Massachusetts. Dorothy is Chairman of the Board of Trustees of the Cape Cod Five and Chairman of The Cape Cod Five Cents Savings Bank Charitable Foundation Trust, with $13.0 million in assets.
Dorothy joined Cape Cod Five in 1993 as a commercial lending officer. She then became Senior Vice President, Director of Product Planning before she was named Chief Operating Officer in 2004 and served in that capacity until becoming President and Chief Executive Officer in 2005. Prior to joining the Cape Cod Five, Dorothy served as an officer for a regional Midwestern bank. Before that, she worked for a national economic development consulting organization. Dorothy holds an MBA from Suffolk University’s Sawyer Business School.
Dorothy currently serves as Chairman of the American Bankers Association, Secretary of the Board of Trustees of Cape Cod Community College and a Board member at Gosnold on Cape Cod, an addiction healthcare provider. She is a past member of the FDIC Advisory Committee on Community Banking, a past Chairman and Board member of the Cape Cod Chamber of Commerce Board of Directors, a past Chairman of the Massachusetts Bankers Association and a past member of the Board of Directors of the American Bankers Mutual Insurance Ltd. In 2015, Dorothy was named one of the 25 Most Powerful Women in Banking by American Banker magazine for the fifth consecutive year.