Martin G. Morgado was recently named president and CEO of the Savings Bank of Danbury.

Morgado joined the bank in July 2001 as vice president of retail lending, and in 2007 assumed management responsibility for the mortgage banking division. In a statement announcing his promotion, the bank credited him as having played a key role in its 2010 acquisition of Stamford Mortgage Co. He was named senior vice president that same year and promoted to executive vice president in 2012. Last year, the Connecticut Bankers Association named him a New Leader in Banking.

“Martin has proven himself to be extremely knowledgeable and dedicated. He is well deserving of the president’s position and will carry on a tradition of strong leadership for the bank and service to our community,” Harold Wibling, board chairman and past president, said in a statement.

Morgado has more than 30 years of experience in banking. He attended the Connecticut School of Management and graduated from St. Michael’s College with a concentration in finance. He is involved with various community organizations, including the Danbury Housing Partnership and Catholic Charities.