Dean Bank recently announced the addition of two Franklin small business owners to the bank’s Board of Directors. Patrick Weidman, owner of Grove Street Auto Repair and Debra Tracy, founder and president of Lighthouse Process Corp. were elected to three-year terms at the Annual Meeting of the Shareholders in January.
Weidman, of Franklin, founded his company in 1998 and has been serving the vehicle repair needs of residents and businesses of the Greater Franklin area over that time. He stated: “Having been a customer of the bank for many years, I understand the importance of the relationships they develop and I value the impact Dean Bank makes in our community. Having the chance to serve the community and the customers at this level is a responsibility I look forward to immensely.”
Tracy brings experience in industrial distribution and process equipment sales, supporting food and beverage, dairy, and biopharmaceutical manufacturers. In 2019 she founded Lighthouse Process in Franklin, Massachusetts, to meet the evolving needs of her customers. As a business owner, Tracy understands the challenges of growth and the value a community bank like Dean Bank can provide.
She resides in nearby Cumberland, Rhode Island. “I’m honored by the opportunity and excited to work alongside both my fellow board members and the Dean Bank team to support the bank’s continued success,” said Tracy. “I look forward to serving our shareholders and employees with dedication, integrity, and a strong focus on long-term growth.”
Additionally, Curtis P. Patalano and John P. Vignone, both of Franklin, were re-elected to three-year terms. Mr. Patalano will serve as Chair of the Board in 2026 as well.
Franklin’s Peter Baglioni, who served the bank with distinction and honor since 1998, retired from the Board after serving for 28 years. He was named Honorary Director, joining both Wayne Cottle and Francis Molla in that capacity.
Dean Bank President and CEO Kevin Goffe stated: “Dean Bank’s sustained success over the last 28 years can, in part, be directly attributed to the insight, knowledge and contributions of Peter Baglioni. For almost 30 years, Peter’s focus has been on how our Community Bank could best-serve its small business and consumer customers. Sustaining profitability, remaining free of the pressures and expectations of stockholders through our mutual bank structure and delivering superior products and services were all Peter’s obsessions. As Peter retires with Dean Bank in a strong financial position; I speak for our Board, staff and customers when I say we will all miss his guiding voice.”
Goffe added: “Looking forward, I firmly believe that Patrick and Debra will both be tremendous additions to our Board. Grove Street Auto Repair is a longstanding and well-respected small business in Franklin. Patrick’s integrity and knowledge of what it takes to run a successful business in our area will only add to our ability to make local lending decisions that improve the financial lives of our customers. Debra’s experience and expertise in a technology-driven field will provide unique perspective as we plan for 2030 and beyond. Our Board and our customers will benefit equally from their inclusion.”
Dean Bank, founded in 1889, is a Massachusetts state-chartered, mutually owned institution with assets approaching $500 million. The bank has offices located in Franklin, Blackstone, Bellingham, and Mendon. As a member of both the FDIC and DIF; the bank’s deposits are insured in full. Dean Bank is an Equal Opportunity lender. https://www.deanbank.com/
