5/27/2008, 9:26 a.m.
Gail Snowden was recently appointed to the board of directors of Mt. Washington Bank. A well-known executive in the Boston banking industry and a highly respected member of the local community, Snowden brings to the bank board over three decades of success and professional experience.
“We are honored and thrilled to have Gail join our Board,” said Edward J. Merritt, president and CEO of Mt. Washington Bank, in a statement announcing Snowden’s appointment. “The breadth, depth and scope of her financial services experience, particularly in the area of community banking, coupled with her long-standing commitment to the community, will serve Mt. Washington Bank well as we focus our efforts to become Boston’s community bank.”
Prior to establishing her own company, Gail Snowden Consulting Services, she served as treasurer and chief financial officer of finance and administration for The Boston Foundation. In this position, which she held from 2004-2007, Snowden’s responsibilities included overseeing the investment function for a $731 million endowment, along with managing funds administration, gifts and grants.
Snowden held several key executive positions during a successful banking career at Bank of Boston, Fleet Bank, and Bank of America. During her time at Bank Boston, Snowden developed First Community Bank, a banking model for delivering financial services to low to moderate income urban communities.
Snowden’s commitment to civic and community organizations are extensive. She currently serves on the board of trustees of Simmons College and has received numerous honorary degrees from colleges and universities in Massachusetts, including the University of Massachusetts-Boston.
Snowden also served as chair of Freedom House Inc., founded by her parents Otto and Muriel Snowden “to promote the long-term, sustainable economic and social development of Boston’s communities of color.”
“Joining the Mt. Washington Bank Board of Directors is a wonderful opportunity for me to be involved with a community banking institution whose mission is so closely aligned with what I believe all great community business organizations should be about — delivering exemplary service to inner city neighborhoods, establishing good community partnerships that allow its citizenry to better themselves and bring overall value to the local economy,” said Snowden in a statement.
Snowden received her bachelor’s degree from Harvard/Radcliffe College and earned a master’s degree in business administration from Simmons College. She resides in Jamaica Plain.