bankHometown News

Pappas Elected Chairman of Hometown Bank Board

Hometown Bank’s Board of Directors has elected Sam S. Pappas as its new chairman, succeeding former chair, Jeanne L. Katrenak, effective immediately. Steven H. Duvarney, II was elected vice-chairman.

Pappas was first elected to the Board of Directors of the Bank in 1996, when it was still known as Webster Cooperative Bank and had just one office in downtown Webster, Massachusetts. He was instrumental in rebranding the bank as Hometown Bank, and in the acquisition of the Oxford property where it now has its headquarters and operations center. He has served as chairmen of the Mortgage and Security Committee for the past 14 years and Vice Chairman of the board of directors for the past year.

A U.S. Army veteran who served with distinction during the Vietnam conflict, and a graduate of Nichols College, where he earned a Bachelor of Science degree in accounting and finance, he established his accounting and tax practice, Sam S. Pappas, C.P.A., in 1982. Active in the Webster business community, he is a current member and past president of the Webster Lions Club; current director and past president of the United Way of Webster, Dudley and Oxford; current director of the Webster, Dudley, Oxford Chamber of Commerce, and past treasurer of both St. Constantine and Helen Greek Orthodox Church and Hubbard Regional Hospital and Hubbard Health Systems. He is a member of the AHEPAH Society, the Massachusetts Society of CPA’s, the American Institute of Certified Public Accountants, the American Institute of Tax Studies and the National Association of Tax Practitioners.

An avid soccer player for most of his life, and a certified FIFA referee, Pappas is also well known in Webster sports circles as a long-time coach and supporter of the Webster Youth Soccer League and the Bartlett High School varsity soccer team. “I am excited and eager to work together with the Board to continue the success and growth of the bank,” Pappas said.

Duvarney started his banking career as a director at Athol-Clinton Co-operative Bank in April, 2007 and was chairman of that bank’s Board of Directors at the time of its merger with Hometown in 2011. He currently serves on Hometown Bank’s Mortgage and Security and Asset/Liability (ALCO) committees and has previously served on the CRA/Marketing committee.

He holds a Bachelor of Science degree in Management from the University of Massachusetts, Amherst. He is a third generation participant in his family’s business, Duvarney Jewelers of Clinton and Fitchburg. Active in the jewelry trade, he is currently president of the New England Guild of the American Gem Society and a director of the New England Jewelers Association. He has served on several boards in the local community as well. “I look forward to Hometown Bank’s continued success as one of the strongest community banks in the region,” Duvarney said.

In other business, the Board elected Michael D. Hewitt, Kevin J. Mack, Sam S. Pappas and Edward L. Woodcome to three-year terms as director. Officers of the Bank are President and CEO Michael D. Hewitt, Chief Financial Officer Jonathan Oglebay, Senior Vice President of Lending Michael P. Mahlert and Clerk Henry J. LaMountain, Sr.

Hometown Bank is a $400 million mutual bank with offices in Athol, Auburn, Leominster, Oxford, South Lancaster, Sturbridge and Webster, Massachusetts.

Photo Cut Line #1: Sam S. Pappas, Chairman, Hometown Bank

Photo Cut Line #2: Steven H. Duvarney, Vice-Chairman, Hometown Bank