About Us


Executive Committee of the Board of Directors

Robert A. Caruso (Chairman)
James A. Hall, Esq. (Corporate Counsel)
Amy J. Hoey, RN

A. Justin McCarthy
Michael S. Reilly
David E. Wallace

Robert A. Caruso, Chairman

Robert A. Caruso joined The Lowell Five Cent Savings Bank in 1978. Bob was appointed Chairman of the Board of Trustees in 2002. He served as President of the Bank from 1994 – 2010. Bob has held leadership positions on the Board of Directors for Lowell General Hospital, Lowell Development and Financial Corporation, Lowell Historic Preservation, and the Greater Lowell Technical High School Charitable Foundation.

David E. Wallace, President and Chief Executive Officer

David E. Wallace has been with The Lowell Five Cent Savings Bank since 1998. David has served as President since 2010. Prior to his role of President, David served as an Executive Vice President and Chief Financial Officer. He is a trustee and finance committee member for Lowell General Hospital and is a member of the executive committee and treasurer for the Greater Merrimack Valley Convention and Visitors Bureau.  David also serves as a member of the executive board at The Lowell Plan, an economic development group focusing on the betterment of Greater Lowell.  He is also a trustee for a local scholarship fund.