Business

Wayne F. Patenaude is the new chief executive of Cambridge Savings Bank

Cambridge Savings Bank announced Monday the appointment of Wayne F. Patenaude as president and chief executive of Cambridge Financial Group Inc. and Cambridge Savings Bank.

Patenaude, who succeeds Robert M. Wilson, has served as the bank’s chief financial officer and treasurer since 2007.

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In October, the bank announced Wilson’s resignation, effective Dec. 31., following a medical leave of absence earlier this year. Wilson will remain with the bank as a member of its board of directors.

Cambridge Savings Bank is a full-service financial institution with $2.3 billion in assets. It has 16 banking centers in Cambridge, Acton, Arlington, Bedford, Belmont, Burlington, Concord, Lexington, Newton Centre, Newtonville, and Watertown.

Chris Reidy can be reached at reidy@globe.com.
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