STAMFORD – First County Bank’s Board of Directors has appointed Nitin Mhatre as the bank’s next CEO. He will replace Robert Granata, who announced his retirement.
“I am honored and delighted to join First County Bank, an institution with a remarkable history and deep commitment to customers, employees, and the communities it serves,” Mhatre said. “I look forward to working with the Board, Bob, and the entire First County Bank team to continue building on its legacy of trusted relationships, innovation, and service.”
Mhatre brings more than 30 years of banking leadership experience across U.S. and international markets, most recently serving as president and CEO of Berkshire Bank, where he led a significant strategic and digital transformation and drove client experience modernization.
Mhatre will take on his new job on April 15, 2026. Granata will work closely with Mhatre and the board to ensure a smooth transition over the coming months. He will remain chair until July 31, 2026, while also continuing to serve on the board.
Under Mhatre’s leadership, Berkshire Bank received a significant number of external accolades including recognition by Newsweek among America’s Most Trustworthy Banks for four consecutive years and significantly improved both employee engagement and customer experience.
“The board of directors unanimously concluded that Nitin brings the experience, values, and leadership approach that strongly align with First County Bank’s mission, vision, and long- standing mutuality,” Granata said. “His dedication to customer service, commitment to community partnership, and proven ability to lead organizations through thoughtful, responsible growth make him the right leader to guide First County Bank into its next chapter.”
A selection committee of the board conducted a thorough, confidential evaluation of internal and external candidates.
Mhatre received a bachelor’s degree in engineering and an MBA from Bombay University and has also completed Harvard Business School’s General Management Program. He has also been widely recognized for his involvement in the banking industry and community service. He has served on the Board of Directors of the Consumer Bankers Association headquartered in Washington, D.C., including as board chair. He also served as director at Junior Achievement of Connecticut and Cradles to Crayons Boston.
