Dorothy Savarese

Dorothy A. Savarese is the chairman, president and CEO of The Cape Cod Five Cents Savings Bank, an independent Massachusetts state-chartered savings bank founded in 1855. Savarese 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 CEO in 2005. She 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. She is past chairman and a member of the board of the Massachusetts Bankers Association, as well as a member of the board of directors of the American Bankers Association and the American Bankers Mutual Insurance Ltd. She also serves on the FDIC Advisory Committee on Community Banking. Savarese received an MBA from Suffolk University’s Sawyer Business School. In 2012, Savarese was named one of the 25 Most Powerful Women in Banking by American Banker magazine.