Posted on February 21, 2025
BOSTON --- The Massachusetts Housing Partnership (MHP) is pleased to welcome three new members to its board of directors.
Mary McGovern is President and CEO of Country Bank for Savings, which is based in Ware. It has $1.9 billion in total assets and 13 branch locations in Hamden, Hampshire and Worcester counties. She is the first woman to be named president and CEO in the institution’s 174-year history. She brings more than 30 years of experience in the Massachusetts banking industry and previously served as Country Bank’s Executive Vice President and Chief Financial Officer and in senior finance and accounting roles at the DanversBank, Capital Crossing, and Boston Private Bank. She earned her Master of Business Administration from Babson College and her Bachelor of Arts in mathematics from Emmanuel College
Michael Jones is President and Chief Executive Officer of the Institution for Savings (IFS) which is based in Newburyport and has 15 branches across the North Shore. With $5.2 billion in total assets, IFS is the state’s 12th largest bank and 5th largest mutual bank. Jones has more than two decades of experience as a Massachusetts bank CEO, originally at the Ipswich Cooperative Bank, and a history of extensive civic engagement, most recently serving as chair of the Ipswich Affordable Housing Trust. He earned a bachelor’s degree in finance from Bryant College and an MBA from Bentley University.
Prabal Chakrabarti is Executive Vice-President at the Federal Reserve Bank of Boston. He heads the bank’s Regional and Community Outreach Department, which focuses on revitalizing smaller cities and rural areas, improving household financial stability for all, especially by race and ethnicity, and increasing employment opportunities. Mr. Chakrabarti previously worked at the Initiative for a Competitive Inner City, where he led a research effort to measure economic competitiveness in America’s inner cities, and as an economic policy analyst at the U.S. Treasury. He holds graduate degrees from MIT and Oxford University, where he was a Marshall Scholar, and a Bachelor of Science from the University of Illinois, where he was a Truman Scholar. He serves on the boards of the Nellie Mae Education Foundation and the Conservation Law Foundation and chairs the Marshall Scholar Regional Selection Committee.
As a leader and innovator, MHP expands access to affordable housing and promotes housing equity in communities across the Commonwealth.
“We have exceptional, seasoned leaders serving on our board of directors,” said Executive Director Clark Ziegler. “Their strategic thinking and their commitment to MHP’s mission will continue to propel us forward as we work expand housing opportunities across the Commonwealth.”
MHP is a quasi-public state governed by a seven-member board of directors appointed by the governor. The board includes two cabinet secretaries or their designees, and three nominees of the Massachusetts Bankers Association.
For more information contact Communications Manager Lisa Braxton at lbraxton@mhp.net or (857) 301-1526.