Obituary for Robert J Maietta
Robert J. Maietta, Esq.
Former State and Federal Banking Regulator
Robert J. Maietta, Esq., a native and seventy-six year resident of Winchester, MA and recently a six year resident of Palm Springs, CA, passed away on May 4, 2017 in his Peabody, MA home. He was 83 years old.
In the mid-1960’s, following his early years as a trial attorney, Mr. Maietta was appointed by Gov. John A. Volpe to the Massachusetts Banking Department where he served as First Deputy Commissioner and General Counsel. He is credited with designing and implementing a comprehensive in-bank training program for bank examiners entering the Department anew; with overseeing the re-capitalization of the first minority bank chartered by the Commonwealth; with effecting the restoration of all depositors’ accounts while overseeing the liquidation of the assets of the estate of an overextended, state-charted, commercial bank; and, with structuring the legal framework for the creation of Negotiable Order of Withdrawal Accounts, then commonly referred to as NOW Accounts, thus paving the way for the empowering of thrift institutions to offer interest bearing transaction type checking accounts to savings depositors. In the early to mid-1970’s, he served as Chief Counsel for the New England Regional Office of the Federal Deposit Insurance Corporation (FDIC) and later, in 1978, accepted the position of Senior Vice President and General Counsel for a major Massachusetts based multi-bank holding company, functioning in that capacity until the mid-1980’s. He received his Juris Doctor from The Boston College Law School.
During the banking crisis of the late 1980’s to the early 1990’s, Mr. Maietta, who by that time had been named President and CEO of the Massachusetts Share Insurance Corporation [MSIC], a deposit insurance fund created by the Massachusetts Legislature for state-chartered credit unions, is credited with having played a pivotal role in guiding that fund into a position of stability, resulting in the re-direction of its function and purpose from that of a primary deposit insurer to that of a well-capitalized provider of secondary deposit insurance for deposited funds in excess of the federal deposit insurance limitations for all credit unions in the Commonwealth.
In the mid-1990’s, Mr. Maietta founded and expanded a consulting practice specializing in the design, implementation and development of conformance and compliance programs to help banking, Insurance and healthcare companies located throughout the United States meet and observe applicable and complex consumer protection laws and regulations. He retired from active practice in 2010.
As a performer in local theater, he was, over many years, a featured vocalist in Winchester’s Winton Club Cabaret, an annual musical held at the Winchester Town Hall to benefit the Winchester Hospital. Separately and in 1999 at Winchester’s Jenks Senior Center, he won the role of leading man in a romantic comedy entitled “The Park Bench” in which he portrayed a retired Admiral who successfully courted and captured the heart of the shy but delightful librarian whom he met, of course, at the park bench. He actively pursued his love for theatre arts and performing with the Four Season’s retirement community’s Coral group.
Mr. Maietta was the thirtieth president of the Holy Cross College Varsity Club, having lettered in track and field as an undergraduate and, in 1976, was responsible for the establishment on campus of the first of its kind Nautilus Strengthening and Conditioning Facility for varsity athletes. He was a member of the Graduating Class of 1954.
For nearly a half century, Mr. Maietta was a member of Winchester Country Club where he enjoyed playing golf and where, for several of those years, he served as the club’s entertainment committee chair.
He completed his military obligation by serving in the U. S. Army while stationed in Salzburg, Austria during the time of the Korean conflict.
He leaves his wife of 50 years Marilyn Mozzicato Maietta of Peabody, MA, his son Peter Maietta and husband Jim Eserts of Los Angeles, CA, his son Robert Maietta and husband Robert Julian of Palm Springs, CA, his daughter Michelle Maietta Dillon and husband Mike Dillon, of Scottsdale, AZ, and his granddaughter Kiera Dillon. His grandson Michael Robert Maietta Dillon who fought valiantly to live for only 162 days predeceased him in 1993.
In lieu of flowers donations in Bob’s memory may be made to a charity of your choice or to Care Dimensions, 75 Sylvan Street, Danvers, MA 01923.