I respected what I learned from my grandparents that immigrated from Italy to East Boston even thou they coud not speak English very well. They thought me work ethics that the immigrants brought here wherever countries the came from.
Whenever and wherever there is a need, Dick is not one to hesitate in lending a hand. He attributes all his successes to his childhood experiences growing up on Neptune Road.
Richard J. Gavegnano is not your typical President, Chairman and CEO of a $4.8 billion financial institution. Looking back he has come a long way from his early years of growing up in East Boston with a single mother and Italian immigrant grandparents.After graduating high school, Dick got a job in the mailroom of a brokerage firm where he quickly moved up the ranks to become a successful stockbroker. His career as a stockbroker with AG Edwards concluded when he took over the reigns as Chairman and Chief Executive Officer of East Boston Savings Bank.
After graduating high school, Dick got a job in the mailroom of a brokerage firm where he quickly moved up the ranks to become a successful stockbroker. His career as a stockbroker with AG Edwards concluded when he took over the reigns as Chairman and Chief Executive Officer of East Boston Savings Bank.
Dick’s affiliation with EBSB began in 1974, first as a corporator, trustee and then as the lead independent director. His reign as Chairman of the Board began in 2003 and in 2007, Dick was elected Chief Executive Officer of the Bank and in March of 2014 he was appointed President of the institution.
As Chairman and CEO, Dick has used his past experiences to grow East Boston Savings Bank from a $1 billion asset-size bank to a $4.8 billion bank, acquired and rebranded a $465 million local South Boston bank (Mt. Washington Bank) and added 20 full-service branch offices making it 31 branches throughout the Boston area.
In 2008, Dick was the driving force behind the partial public offering of East Boston Savings Bank (Nasdaq: EBSB) raising over $100 million from investors while increasing the bank’s assets to over $1.9 billion. In 2014, Meridian Bancorp, Inc. the holding company for EBSB, commenced a “second step” stock offering to become a fully public company. The “second step” offering was completed after raising $325 million from investors during the offering.
In 2017, Dick was presented the prestigious EY Entrepreneur of the Year® 2017 Award in New England. The award recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities.
In my opinion, these young students represented the fine example of the excellent work of the VROCC.”,
“Thank you for inviting me to participate in a very interesting and uplifting experience and the opportunity to offer a few comments about myself and Sterlingwear of Boston.
I was introduced to an interesting team of young students, each of whom were seriously prepared to perform their assigned tasks. The lighting, sound, camera and interview were handled perfectly, under your patient and able direction.
All were cordial, respectful and had the aura and confidence of professionals, including the student interviewer, Johann, who although dressed very casually, as were the rest of the team, managed to wear a dress shirt, tie, and suit jacket for the interview.
In my opinion, they represented the fine example of what the Boston School system is providing and the excellent work of the VROCC.”, Frank Fredela.
Mr. Fredela Born in Lawrence, Massachusetts, Frank G. Fredella was raised and attended public schools in the Boston area.
His first contact with the clothing industry started as a part-time, after school employee with Picariello and Singer, Inc., a manufacturer of tailored boys’ and student’s clothing, as an apprentice designer and pattern cutter.
After graduating from high school, he continued his employment with Picariello and Singer in various capacities, while attending Boston University during the evenings where he earned his BS degree in Business Administration in 1961.
In 1965, he and his father, Lawrence Fredella, left Picariello and Singer and started their own company, Viking Clothing, which was primarily engaged in cut and sew contracting. Within the next two years, because of Vietnam related requirements, the government issued rated orders to Viking for items essential to the war effort. In order to separate the commercial production and operations from the military requirements and subsequent bidding efforts, a new company was formed called Vi-Mil, Inc. Due to the decline in commercial activity during this period, Viking Clothing was deactivated and ceased operations. During this period, Fredella’s father, Lawrence, passed away and Jerome Danin joined the organization as partner and assumed the position of Contract Administrator.
Sterlingwear of Boston, Inc. was formed in 1982 as a result of purchasing an existing customer base and brand name for rain wear and outerwear. When government orders decreased as the Vietnam conflict ended, Sterlingwear’s activity in the commercial market increased. Raincoats and outerwear were in greater demand and the production mix provided an excellent opportunity to efficiently accommodate the steady but lesser quantities of government work. Again, to streamline the production and management requirements, Vi-Mil was retired as an active entity and all efforts and personnel were devoted entirely to Sterlingwear of Boston.
Mr. Fredela served in the U.S. Army in Korea, where, as a result of combat wounds, was awarded the Purple Heart and disabled veteran status.
Fredella has been actively engaged in the mentoring and development of an aggressive and talented management team. Although he still maintains his position as President/CEO of Sterlingwear, Fredella is relinquishing some of his duties to others within the organization with an eye towards the future.
Frank Fredella has a loving wife, Jo, to whom he has been married for 64 years. They have a son and daughter, who continue in the business, and three grandchildren. He lives in Woburn, Massachusetts where he enjoys photography, computer graphics, cad projects and relaxing in his garden.
Ms. Brent Harding is the Producer of the Award Winning E3PowerUP Women’s Conferences, founder of the Wealth Warriors broadcast, speaker, author and global entrepreneur.
Brent has been featured in the Boston Business Journal, Women’s Business Journal and The Urban News magazine. She has written and published articles in Boston Business Journal, Banker and Tradesman and The Bay State Banner. Ms. Harding has been privileged to serve as a Massachusetts delegate to the White House Conference on Small Business.
Award-Winning “E3PowerUP2017 Women Entrepreneurs Conference”
Date of event: Saturday, September 30, 2017
Time or event: General Admission, 9:00 AM-5:00 PM EST; VIP Session, 6:30 PM-8:30 PM EST
Place/Venue: Location will be determined and announced by 08/17/17.