December 9, 2013
2013 Power Player

David ‘Duddie’ Massad: Chairman, Commerce Bank & Trust, Worcester

Massad

Duddie earns power and influence the old-fashioned way: He buys it.

David Massad Jr. has come a long way since his bootstraps upbringing on Worcester's East Side. This year, his Commerce Bank & Trust, the second-largest bank based in Central Massachusetts, continued to grow its assets, buying Boston-based Mercantile Capital and its subsidiary, Mercantile Bank & Trust, for $26.5 million.

The deal gave Commerce a physical presence in Boston. It now has combined assets of $1.6 billion, with 16 retail banking offices serving people and businesses across the central and eastern parts of the state, including three offices in the Boston metro area.

Not bad for a guy who, in his teens, was a barker at the old White City Amusement Park in Shrewsbury, and who continued to scrape his way up from the economic bottom, operating the old Webster Square Cinema (with renowned '60s activist and Worcester native Abbie Hoffman as his manager). Duddie made his mark with car dealerships Duddie Ford in Westborough and Diamond Chevrolet in Worcester, now in Auburn. He's also one of the region's largest commercial property owners.

IN THE COMMUNITY
In 2005, he donated $12.5 million for a new medical facility at UMass Memorial Medical Center's Lake Avenue campus in Worcester, whose emergency room and trauma center bear his name. Another big donation renovated Foley Stadium, which also includes Commerce Bank Park as part of its moniker.

Read more

Michael Angelini: Chairman, Bowditch & Dewey, Worcester

Robert Antonucci: President, Fitchburg State University

Gail Carberry: President, Quinsigamond Community College, Worcester

J. Christopher Collins: Senior Vice President and General Counsel, Unum Group, Worcester

Dr. Michael Collins: Chancellor, UMass Medical School, Worcester

Ralph Crowley Jr.: CEO, Polar Beverages, Worcester

P. Kevin Condron: Chairman and CEO, The Granite Group LLC, Concord, N.H.

Anthony Consigli: President, Consigli Construction Inc., Milford

Dr. Eric Dickson: CEO, UMass Memorial Health Care Inc., Worcester

Mary DeFeudis: Philanthropist and Volunteer, Northborough

Christopher Egan: President, Carruth Capital, Westborough

Fred Eppinger: President and CEO, The Hanover Insurance Group

Gerald Fels: Trustee Emeritus, Nichols College, Dudley

Warner Fletcher: Partner, Fletcher Tilton, Worcester

Gordon Lankton: Founder, Museum of Russian Icons and Gallery of African Art, Clinton

William Manley: Founder and CEO, Calare Properties, Hudson

Charles Monahan: President, MCPHS University, Worcester

Jim McGovern: U.S. Rep., Worcester

Tim Murray: President and CEO, Worcester Regional Chamber of Commerce

Michael O'Brien: City Manager, City of Worcester (Until Jan. 5, 2014)

James Paulhus: President and CEO, UniBank for Savings, Whitinsville

John Prosser: Chairman, Seven Hills Foundation, Worcester

Joseph Salois: CEO, Atlas Distributing Inc., Auburn

Clifford J. Schorer III: Board of Directors, Worcester Art Museum

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