MARLBOROUGH, Mass. – St. Mary’s CU said this afternoon it hired James Garvey, the president of Borel Private Bank and Charter Private Bank, as president and CEO of the $600-million credit union.

Both banks, Borel Private is based in San Ameto, Calif., and Charter Private in Seattle, are subsidiaries of Boston Private Financial Holdings.

Garvey also led Flagship Bank and Trust in Worcester from 2001 through 2009, when the bank was acquired.  Previously, he also held positions at Safety Fund National Bank in Fitchburg and Shawmut Bank.

Garvey will take over the reins on February 19 from Thomas Wellen who has served in an interim capacity since June 2012.

Garvey is originally from Worcester.  He received his MBA from Boston University and his B.A. in Business Administration from the University of Miami.

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