The Martha’s Vineyard Savings Bank has named Tom Sharkey as interim chief executive officer in the wake of the departure of CEO Paul Falvey.

Mr. Falvey announced two weeks ago that he will leave to take a job as head of the Bank of New Hampshire.

Mr. Sharkey is the former longtime senior vice president, chief financial officer and treasurer at the savings bank. He retired in 2015.

“Tom is a proven bank leader and longtime Island resident,” bank board of trustees chairman Frank Fenner said in a press statement.

Mr. Sharkey will begin work on Monday, Dec. 26.