[Congressional Record (Bound Edition), Volume 159 (2013), Part 8]
[Extensions of Remarks]
[Pages 12189-12190]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   IN RECOGNITION OF DOROTHY SAVARESE

                                 ______
                                 

                        HON. WILLIAM R. KEATING

                            of massachusetts

                    in the house of representatives

                         Tuesday, July 23, 2013

  Mr. KEATING. Mr. Speaker, I rise today to congratulate Ms. Dorothy 
Savarese on receiving the prestigious Mercy Otis Warren Woman of the 
Year Award.
  Ms. Savarese joined the Cape Cod Five Cents Savings Bank in 1993 as a 
commercial lending officer. Her exemplary leadership and dedication saw 
her elevated to senior vice president and director of product planning. 
She was named the bank's chief operating officer in 2004 before 
becoming their first woman president and CEO the following year. Ms. 
Savarese's success at the head of Cape Cod Five was recognized by 
American Banker Magazine in 2012 when they named her one of the 25 most 
powerful women in banking.
  She has been an active member of the local business community, 
serving as Chairman of the Massachusetts Bankers Association and the 
Cape Cod Chamber of Commerce. Ms. Savarese has also engaged in national 
financial issues, serving on the American Bankers Association's 
Community Bankers Council and the FDIC Advisory Committee on Community 
Banking. Her endeavors have established a focus on the Cape's vibrant 
financial sector, while ensuring the Commonwealth remains an active 
player in the national banking industry.
  A resident of Barnstable, Ms. Savarese has graciously dedicated her 
time to numerous community institutions, including the Cape Cod 
Community College Board of Trustees, the Regional Employment Board, the 
Special Commission on County Governance, the Cape Cod Symphony 
Orchestra, and the Arts Foundation of Cape Cod. Under her chairmanship, 
Cape Cod Five's foundation trust has leveraged its $11 million in 
assets to underwrite many charities and worthy causes throughout 
southeastern Massachusetts. I applaud Ms. Savarese's advocacy on behalf 
of these venerable institutions and her commitment to the arts.
  Mr. Speaker, I am pleased to honor Ms. Dorothy Savarese for many 
years of extraordinary service to her fellow citizens and for her 
sterling record in community banking. I ask that my colleagues join me 
in recognizing Ms. Savarese on her reception of the Mercy Otis Warren 
Woman of the Year Award.

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