ABA Banking Journal - November/December 2016 - 32
COVER STORY > NEW ABA CHAIRMAN
Meet the unstoppable Dorothy Savarese,
ABA's 2016-17 chairman
BY EVAN SPARKS
PHOTOS BY KEVIN BRUSIE
orothy Savarese tells a story about a humbling discovery she made
shortly after moving to Cape Cod and how it reflects the heart of
She already had 16 years of experience in economic development and at
a large regional bank in the Midwest. She had taught credit analysis on a national
basis. So when she arrived on the Cape and started work as a commercial lender
at the Cape Cod Five Cents Savings Bank, "I looked at the credits here and the
way they had been written up in the past, and they certainly didn't meet my
standards of documentation or credit underwriting," she says-noting that they
were short on financial analysis and long on character analysis.
"One of the things they had used long before I arrived to judge the
creditworthiness of a customer was how neat their woodpile was," she says. "If
they did not have a neat woodpile, they would not make a loan to that customer."
ABA BANKING JOURNAL | NOVEMBER/DECEMBER 2016
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