December 5, 2018

Following merger, Milford National Bank CEO leaves for Brockton firm

Kristin Carvalho

The former president and CEO of Milford National Bank has left the company after it was acquired by Rockland Trust, landing a new job at Brockton financial consultants Cobblestone Management.

Kristin Carvalho will serve in the same role at the firm, Cobblestone Management announced Tuesday.

In the press release, Cobblestone said Carvalho was credited with stabilizing Milford National Bank when she took over at the helm of the bank in 2008.

"Under her leadership, the bank stabilized and grew to become one of the area's most successful commercial and residential lenders and was named one of the Fastest Growing Lenders in Massachusetts by Banker & Tradesman," Cobblestone said.

Rockland Trust acquired Milford National Bank in a cash-and-stock deal worth $54.2 million. The transaction closed last month, and all Milford National branches have reopened under the Rockland brand. Milford National is now under the purview of Rockland CEO Christopher Oddleifson.

Cobblestone chairman and director Roland Bullard said Carvalho brings a wealth of experience to the team.

"In addition to her extensive credit training and knowledge, we were very impressed with her accomplishments at the Milford National," Bullard said. "Her leadership skills will be of great value to Cobblestone as we continue to grow and expand throughout the Northeast."

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