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Millbury Savings CEO is one of Central Massachusetts’ most influential business people
The Worcester Business Journal has named Millbury Savings Bank President and CEO Robert J. Morton to The Power 50 for 2019, a listing of the year’s most influential people in the Central Massachusetts economy. The annual list focuses on people who use the significant power of their positions to have an outsized influence on the community, and tells the story of a changing region and economy through the Power Players creating that change.
According to the WBJ, “Banking mergers and acquisitions have hit a lull in Central Massachusetts lately. Yet, banks are still looking to take advantage of size efficiencies, and Morton is leading one such merger now,” noting Millbury Savings Bank’s pending merging with bankHometown.
Morton has been in banking for more than 30 years, with the last 18 at Millbury Savings where he was named to the top spot in 2015. Earlier this year, bankHometown and Millbury Savings Bank announced plans to merge operations under the bankHometown name, with Morton serving as president of the combined organization. When the merger is completed, bankHometown will have approximately $1 billion in assets and 15 branch locations throughout Central Massachusetts and northeastern Connecticut.
Morton is a board member of Worcester Business Development Corporation, Worcester State University Foundation, and Worcester Regional Research Bureau. Additionally, he is a member of the Swing for Wishes Golf Committee, benefitting the Make-A-Wish Foundation, and the Worcester Economics Club. Morton previously served as chairperson of the Millbury Bicentennial’s finance and fundraising committee as well as a member of its executive committee, is a past president of the board of Millbury Dollars for Scholars, and is a former board member of Worcester County Food Bank. He holds a bachelor’s degree from Worcester State University, a master of business administration from Clark University, and a certificate of advanced graduate study from Babson College.