Cambridge Savings Bank (CSB) announced Michael Bonsey has joined the bank as Chief Credit Officer. Bonsey’s charge is to maintain the standing of the bank’s credit portfolio, continue the development of its credit policies and procedures, and uphold the quality of its lending portfolio.

Bonsey brings 35 years of experience in commercial banking, lending regulations and risk management to CSB’s leadership team. But most importantly, he embodies the bank’s approach to customer service and treating every customer like they are the only customer. Prior to joining CSB, Bonsey served as Chief Credit Risk Officer at Northern Bank & Trust Company in Woburn, MA, and has also held senior leadership roles at New England-based institutions, Leader Bank and Bar Harbor Bank.

“What drew me to Cambridge Savings Bank is the employee-friendly culture and team of growth-minded individuals,” said Bonsey. “Everyone at CSB is dedicated to empowering our customers with financial solutions and steps up to the plate to raise up the communities we serve. I could not be more honored to support the credit needs of a bank with a proven commitment to the greater responsibility of giving back to the community.”

“At Cambridge Savings Bank, we are focused on giving our customers both a memorable and personalized experience and that starts with hiring the right people,” said Michael Gilles, Executive Vice President and COO at CSB. “Michael understands that the bank’s success is directly tied to the best possible banking experience for every customer. His extensive leadership background paired with his proven devotion to bettering the community makes him a valuable asset for CSB and our customers alike.”

Aligned with CSB’s client-centric mindset, Bonsey will implement strategies that enhance the customer experience by working closely with all departments to make efficient credit decisions and deliver customized solutions to meet the needs of each individual and business that the bank serves.