David Rosato, CPA
Chief Financial Officer
Professional Overview
David Rosato is an experienced financial executive with a proven track record of driving growth and optimizing financial operations. As the Chief Financial Officer at Eastern Bank, he is responsible for leading the bank's financial strategy, reporting, and risk management initiatives to support the organization's long-term success.
Experience Summary
Current Role
As the Chief Financial Officer at Eastern Bank, David is responsible for overseeing all financial aspects of the organization, including accounting, budgeting, treasury management, and regulatory compliance. He has been instrumental in implementing robust financial controls, improving cash flow management, and optimizing the bank's capital structure to enhance profitability and shareholder value.
Career Progression
Prior to his current role, David served as the Chief Financial Officer at Berkshire Bank, where he led the successful integration of two financial institutions, improving operational efficiency and streamlining financial reporting. Earlier in his career, he held senior finance positions at People's United Financial and Webster Financial Corporation, where he gained extensive experience in treasury management, regulatory compliance, and strategic planning.
David has also served on the Board of Directors for the Federal Home Loan Bank of Boston and the NASDAQ Exchange Board, leveraging his deep industry knowledge and financial expertise to provide strategic guidance and oversight.
Academic Background
David holds a Master's degree in Finance from the University of Maryland - Robert H. Smith School of Business and a Bachelor's degree in Accounting from the University of Maryland. He is a Certified Public Accountant (CPA) and has consistently demonstrated a commitment to professional development and continuous learning.
Areas of Expertise
- Financial strategy and planning
- Treasury management and capital optimization
- Mergers and acquisitions integration
- Regulatory compliance and risk management
- Financial reporting and controls
- Budgeting and forecasting
Professional Impact
During his tenure at Eastern Bank, David has spearheaded several key initiatives that have contributed to the organization's financial success. He played a pivotal role in securing a favorable debt refinancing agreement, which reduced the bank's interest expenses and improved its overall financial position. Additionally, he led the implementation of a robust data analytics platform, enabling the finance team to make more informed, data-driven decisions.
Conclusion
With his extensive financial expertise, strategic mindset, and proven leadership abilities, David Rosato is well-positioned to continue driving value for Eastern Bank and its stakeholders. As the Chief Financial Officer, he remains focused on leveraging his industry knowledge and technical skills to ensure the bank's financial stability and growth in the years to come.
