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2019 Power 50: Robert J. Morton

Robert J. Morton President & CEO Millbury Savings Bank Residence: Sutton Colleges: Worcester State University, Clark University, Babson College
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Robert Morton, president & CEO, bankHometown

Banking mergers and acquisitions have hit a lull in Central Mass. lately. Yet, banks are still looking to take advantage of size efficiencies, and Morton is leading one such merger now. Millbury Savings Bank, which he’s led as president since 2014, is merging with bankHometown. Millbury will take the bankHometown name, but it’s Morton who’s overseeing the merger into a new entity with more than $1 billion in assets and 15 branches.

Morton also has his mind on college tuition costs. In the 1980s, Morton attended Worcester State University free as a military veteran and got his MBA from Clark University with the help of his employer’s tuition reimbursement program. Now, Morton serves on the board of the Worcester State University Foundation, where he prioritizes easing education costs.

Where is Central Mass. headed? Worcester’s upcoming developments will have a positive impact on the surrounding communities. If the city adopted a single-tax rate, that could encourage more outside investment.

Born to ride: When my wife, Lisa, and I first found ourselves empty-nesters, we bought a Harley Davidson trike and started visiting historic bed and breakfasts throughout New England. There’s so much beauty in New England, we just want to slow down and enjoy it.

Check out each member of WBJ's Power 50 Class of 2019

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