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Newburyport

LaFlamme named CEO of North Shore Bancorp

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Newburyport resident David J. LaFlamme has been named chief executive officer of North Shore Bancorp., parent of North Shore Bank, which is merging with Saugusbank. The merger of the banks will be completed during the next several months, according to a statement posted on North Shore Bank’s website. Saugusbank’s president and chief executive officer, Kevin M. Tierney Sr., will assume the role of president and chief operating officer of both the bank and its parent company. Upon completion of the merger, North Shore Bank will grow to almost $700 million in assets and will operate out of 11 full-service locations.

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