Legacy Banks Appoints New Vice President01:48PM / Monday, August 09, 2010
 | | Elizabeth Pierson |
PITTSFIELD, Mass. — Legacy Banks has welcomed Elizabeth Pierson as a Vice President, Credit Risk Management and Compliance, according to an announcement by President and CEO Patrick J. Sullivan. Pierson comes most recently from Sovereign Bank where she worked since 2005 as Vice President, Commercial Director of Planning and Analysis.
Previously, Pierson was a vice president and underwriting manager with Fleet National Bank, where she was responsible for analyzing and approving the financing needs of small to mid-sized businesses. She also served in a similar role at Shawmut Bank as credit approval officer, after completing the bank’s credit training program as well as rotations through various commercial lending departments as a relationship manager.
In her new role at Legacy, she will oversee credit risk management, residential and consumer loan underwriting, and bank-wide compliance. Sullivan commented that Pierson’s vast banking experience will serve her well in her new capacity at Legacy. “There is a great deal of complexity as well as regulatory requirements involved in loan approvals from application through closing. I have no doubt that Elizabeth has the expertise to streamline the process, while effectively managing our risk, which ultimately leads to the success of the bank, with the careful attention to detail that each customer deserves. I am pleased to welcome her to Legacy Banks,” he said.
Pierson holds a Bachelor of Arts degree in economics from Boston College. She has been involved in a variety of community organizations including The Boston Symphony Orchestra, Citi Performing Arts Center, and National Braille Press as well as various women’s charities. She began her tenure with Legacy Banks on Aug. 2.
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