ABA Banking Journal - November/December 2016 - 36


COVER STORY > NEW ABA CHAIRMAN

"MENTORING IS ONE OF THE MOST IMPORTANT REASONS THAT I AM HERE TODAY, BOTH PROFESSIONALLY
AND PERSONALLY," SAVARESE SAYS. "I TAKE THAT VERY SERIOUSLY WITH MY TEAM."

She brings that to every business discussion, her team
members say. "She is always wanting to get everyone's
opinions and everyone's thoughts at all levels of the
organization," says Andrea Ponte, the bank's chief strategy
and operations officer.
This builds strong trust internally. "There's not a teller, there's
not a staff member who doesn't know who Dorothy is," says
Zammer, "and they respect her a great deal."
The bank's general counsel, Joel Brickman, adds that
"Dorothy is a challenger at times but always wants to be
challenged, wants her ideas to be challenged because she
understands out of that dialogue comes greater ideas."
(Brickman saw the give and take from the beginning-his job
interview with Savarese was scheduled for 45 minutes but ran
for three hours as the two got into deep discussions of legal and
risk issues.)
That commitment to dialogue and collaboration is reflected in
Savarese's commitment to build more opportunities for women
in banking. As a mother of a young child when she started her
Cape Cod Five career, she had a then-rare opportunity to work
part-time as an officer of the bank. "As I progressed through
my career at the bank into a position of authority, I wanted to
ensure that we continued that commitment to allow families to
go on the journey and support family values and at the same
time keep that talent in the bank," she reflects.
"They have ended up being some of our superstars and the
investment in them was absolutely worth it," she adds. "It's
in the best interest of organizations if the talent of all people
is unleashed. We're staring at 50 percent of the population
36

ABA BANKING JOURNAL | NOVEMBER/DECEMBER 2016

that we could empower to be more effective and contribute to
our success."
Perhaps ironically, while Savarese often speaks today at women
in banking conferences and has been named multiple times to
American Banker's list of the most powerful women in banking,
it took some prodding for her to put herself out there as a
spokesperson for women in her industry. After she was named
CEO in 2005, "I said, 'I do not want anything made of the fact
that I am the first female president of this 150-year-old bank.
I'm not a woman banker. I'm a banker,'" she recalls.
"But then I started getting notes and emails from customers
and people all over the Cape who said how meaningful it was
for their daughters and their wives that I was in this position,"
she adds. "So I started developing a sense of obligation about
using it effectively."

'An inflection point for the industry'
When Savarese takes office as ABA's chairman-only the
second woman to do so-she will bring that hard-working,
intelligent, collaborative and empathetic leadership style to
the entire industry.
She is eager to take on the big challenges facing the banking
industry-from regulation to fintech to how to engage with
rising generations. "It's a really exciting time to be chairman
of ABA," she says. "It's almost an inflection point for the
industry. There is so much excitement out in the country
right now because we have an opportunity to make a
meaningful change."
EVAN SPARKS is editor-in-chief of the ABA Banking Journal.



Table of Contents for the Digital Edition of ABA Banking Journal - November/December 2016

Chairman’s View
Upfront
Picture This
Banking’s ‘Amazon Moment’
Special Report on Innovation and Technology
Building an ‘Internet of Value’
Do You Do What the Data Tell You?
Innovation in the Bank
Core Exercises
Cover Story Pillar of Her Community
Maintaining a Commitment to Ag Customers
Who You Gonna Call?
Anti-Money Laundering
Power Up Profile
Compliance ‘When Can I Call My Customer?’
Risk Management
ABA Compliance Center Inbox
From the States
Corporate Social Responsibility
Index of Advertisers
ABA Banking Journal - November/December 2016 - bellyband1
ABA Banking Journal - November/December 2016 - bellyband2
ABA Banking Journal - November/December 2016 - cover1
ABA Banking Journal - November/December 2016 - cover2
ABA Banking Journal - November/December 2016 - 3
ABA Banking Journal - November/December 2016 - 4
ABA Banking Journal - November/December 2016 - 5
ABA Banking Journal - November/December 2016 - 6
ABA Banking Journal - November/December 2016 - 7
ABA Banking Journal - November/December 2016 - Chairman’s View
ABA Banking Journal - November/December 2016 - 9
ABA Banking Journal - November/December 2016 - 10
ABA Banking Journal - November/December 2016 - Upfront
ABA Banking Journal - November/December 2016 - 12
ABA Banking Journal - November/December 2016 - 13
ABA Banking Journal - November/December 2016 - 14
ABA Banking Journal - November/December 2016 - 15
ABA Banking Journal - November/December 2016 - Picture This
ABA Banking Journal - November/December 2016 - 17
ABA Banking Journal - November/December 2016 - 18
ABA Banking Journal - November/December 2016 - 19
ABA Banking Journal - November/December 2016 - Special Report on Innovation and Technology
ABA Banking Journal - November/December 2016 - 21
ABA Banking Journal - November/December 2016 - 22
ABA Banking Journal - November/December 2016 - Building an ‘Internet of Value’
ABA Banking Journal - November/December 2016 - 24
ABA Banking Journal - November/December 2016 - 25
ABA Banking Journal - November/December 2016 - Do You Do What the Data Tell You?
ABA Banking Journal - November/December 2016 - 27
ABA Banking Journal - November/December 2016 - insert1
ABA Banking Journal - November/December 2016 - insert2
ABA Banking Journal - November/December 2016 - Innovation in the Bank
ABA Banking Journal - November/December 2016 - 29
ABA Banking Journal - November/December 2016 - 30
ABA Banking Journal - November/December 2016 - Core Exercises
ABA Banking Journal - November/December 2016 - Cover Story Pillar of Her Community
ABA Banking Journal - November/December 2016 - 33
ABA Banking Journal - November/December 2016 - 34
ABA Banking Journal - November/December 2016 - 35
ABA Banking Journal - November/December 2016 - 36
ABA Banking Journal - November/December 2016 - 37
ABA Banking Journal - November/December 2016 - Maintaining a Commitment to Ag Customers
ABA Banking Journal - November/December 2016 - 39
ABA Banking Journal - November/December 2016 - 40
ABA Banking Journal - November/December 2016 - Who You Gonna Call?
ABA Banking Journal - November/December 2016 - 42
ABA Banking Journal - November/December 2016 - 43
ABA Banking Journal - November/December 2016 - Anti-Money Laundering
ABA Banking Journal - November/December 2016 - 45
ABA Banking Journal - November/December 2016 - 46
ABA Banking Journal - November/December 2016 - Power Up Profile
ABA Banking Journal - November/December 2016 - 48
ABA Banking Journal - November/December 2016 - Compliance ‘When Can I Call My Customer?’
ABA Banking Journal - November/December 2016 - 50
ABA Banking Journal - November/December 2016 - Risk Management
ABA Banking Journal - November/December 2016 - ABA Compliance Center Inbox
ABA Banking Journal - November/December 2016 - 53
ABA Banking Journal - November/December 2016 - 54
ABA Banking Journal - November/December 2016 - From the States
ABA Banking Journal - November/December 2016 - 56
ABA Banking Journal - November/December 2016 - Corporate Social Responsibility
ABA Banking Journal - November/December 2016 - Index of Advertisers
ABA Banking Journal - November/December 2016 - cover3
ABA Banking Journal - November/December 2016 - cover4
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