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Milford Federal President and CEO, Cynthia Casey, announces retirement, Paul Gilbody CFO/COO, appointed

MILFORD, MA (May 2018) – Cynthia Casey, President and CEO of Milford Federal, has announced her retirement effective June 29. Casey has served Milford Federal for over 37 years, with the last 15 years in the role of President and CEO. Prior to her appointment she held various roles at the bank including assistant controller, controller, and senior vice president treasurer.


The Board of Directors of Milford Federal has appointed Paul Gilbody to succeed Casey as President and CEO. Gilbody currently holds the role of Senior Vice President and Chief Financial and Operations Officer of Milford Federal. “Paul not only has an abundance of banking experience, but he also understands and values the role of community banking,”

said Casey, expressing her confidence in the decision and future success of Milford Federal under Gilbody’s lead.


Before joining Milford Federal 5 years ago, Gilbody worked in all phases of the industry, giving him over 30 years of banking experience. He has a bachelor’s degree from Babson College and graduated from the School for Executive Bank Management at the Goizueta Business School- Emory University. 


Established in 1887, Milford Federal Savings & Loan has been assisting its neighbors and friends for 131 years. Serving the greater Milford and Blackstone Valley areas in Massachusetts and Northern RI, it has four conveniently located offices in Milford and Whitinsville, Massachusetts and Woonsocket, Rhode Island. Milford Federal can also be found online at and on Facebook. Milford Federal is an Equal Housing Lender and Member FDIC.