William (Bill) Gruetzmacher, a Vineyard homeowner and a Vineyard summer resident since 1983, has just joined the Bank of Martha’s Vineyard, a division of Sovereign Bank, as vice president and business banking relationship manager. He will be responsible for coverage of businesses on Martha’s Vineyard and Cape Cod and will have offices in both Vineyard Haven and Hyannis.
He has more than 20 years of commercial and investment banking experience, as a managing director of Merrill Lynch in their capital markets division in New York city, a vice president of Kidder Peabody in New York, and a commercial banking officer with Continental Illinois National Bank in Chicago. He also has experience in raising equity capital for startup and small businesses.
He hopes in his new position to help small businesses prosper and his love of the Vineyard. Bill and his wife of 27 years, teacher Denise Morando Gruetzmacher, are in the process of moving from their primary residence in Summit, N.J. to their Katama summer home year-round.