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Belmont Savings CEO Bob Mahoney Wins Boston Business Journal's Most-Admired CEO Award

BELMONT, Mass., Feb. 24, 2014 /PRNewswire/ -- President and CEO Bob Mahoney has been selected by Boston Business Journal readers as the "most-admired CEO of a small or mid-sized company in Massachusetts." Mr. Mahoney was recognized during the recent Boston Business Journal "Most Admired Companies, CEOs and Brands" event held on February 14.

"I think this award is reflective of all the hard work my colleagues  and our partners have done to make Belmont Savings Bank one of the most trusted and innovative banks in the Commonwealth," said Mahoney. "This recognition affirms that our focus on customer service and the community is having a positive impact."

Over the course of several weeks, Boston Business Journal readers were asked to nominate the most respected CEOs and most admired companies across several categories.  After being nominated as one of four finalists for the "most-admired CEOs for a small or mid-sized company," Mahoney won the readers choice online poll, which concluded on Friday, February 6, 2014.    

"The number of voting readers this year was remarkable," said Chris McIntosh, publisher of the Boston Business Journal. "Massachusetts is loaded with many great mid-sized companies and institutions, led by CEOs with real vision such as Bob Mahoney, which made selecting the 'most admired' executive extremely competitive. We congratulate Bob and Belmont Savings Bank on this year's recognition."

Mahoney noted this award comes after the bank has achieved significant recent success, doubling its assets in the past three years, surpassing one billion dollars, and opening three new in-store branches in inside Shaw's supermarkets. In addition the bank created the Belmont Savings Bank Foundation, which has become a financial partner to many local non-profit groups, institutions, and schools operating within the communities where the bank operates.

Since its inception two years ago, the Foundation has donated over $150,000 to local organizations.

About Belmont Savings Bank

Belmont Savings Bank, a subsidiary of BSB Bancorp, Inc. (NASDAQ: BLMT), is a $1 billion, full-service Massachusetts savings bank dedicated to quality, convenience, and personalized service. The Bank builds on a proud history of financial strength and a tradition of active involvement in the community.  Belmont Savings Bank provides a full range of banking services for professional commercial real estate investors, developers and managers as well as individuals and local small business owners through six offices in Belmont, Cambridge, Newton, Waltham and Watertown. Find out more information by visiting: or Like Belmont Savings on Facebook. Member FDIC.  Member DIF.

Contact: Andy Hoglund
(617) 391-9644

SOURCE Belmont Savings Bank

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