- Push-out Score determined
- After about six and a half years in the position
- Accolades and praise for Blake
- Joe Casey taking over
- Blake said 101 words
(exechange) — Brockton, Massachusetts, January 27, 2022 — Jim Blake, chief executive of HarborOne Bancorp, leaves. As announced by HarborOne Bancorp Inc. in a news release and in a regulatory filing published on Thursday, January 27, 2022, James W. (Jim) Blake leaves his post as chief executive officer at the parent company of HarborOne Bank, after about six and a half years in the role, effective May 18, 2022.
Jim Blake’s duties as CEO will be taken over by Joseph F. (Joe) Casey, currently President and Chief Operating Officer at HarborOne Bancorp Inc.
“Consistent leadership”
Jim Blake’s departure from the CEO post is explained as follows. Blake said: “Consistent leadership is more important than ever, and Joe has been an indispensable member of the management team at HarborOne Bank for many years.”
Precise information regarding Jim Blake’s future plans was not immediately available.
“Retire”
HarborOne Bancorp said: “James W. Blake will retire as Chief Executive Officer effective May 18, 2022.”
HarborOne Bancorp further said: “On January 27, 2022, the Board of Directors of HarborOne Bancorp, Inc. (the “Company”) announced that James W. Blake, its Chief Executive Officer, will retire as Chief Executive Officer of the Company immediately following the Company’s 2022 Annual Meeting of Shareholders on May 18, 2022.”
Share price increase since January 2017
The announcement follows an increase in HarborOne Bancorp Inc.’s share price of 34% since January 2017.
In the position of CEO since 2016
Jim Blake became CEO of the Company in 2016.
James W. Blake has served as Chief Executive Officer of HarborOne Bancorp, Inc. since 2016.
He has served as Chief Executive Officer of HarborOne Bank since 1995, and served as President of HarborOne Bank from 1995 to 2017, after serving as Chief Operating Officer from 1993 to 1994.
Prior to joining HarborOne Bank, Blake was Senior Vice President of Retail Banking and Marketing at Mechanics Bank in Worcester, Massachusetts, from 1986 to 1993.
Blake has served on the Community Depository Institutions Advisory Council of the Federal Reserve Bank of Boston.
Since 2011, he has served on the Signature Healthcare Executive Business Council, and the YMCA Foundation.
He also currently serves on the board of the Connecticut Online Computer Center, a position he has held since 2003.
He also served on the board of the Massachusetts Credit Union League, from 1998 to 2012.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Jim Blake’s move on a scale of 0 to 10.
exechange reached out to HarborOne Bancorp and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 5.2022 ($).