Webster Bank Appoints John R. Ciulla to Position of EVP, Chief Credit Risk Officer
WATERBURY, Conn., April 17 /PRNewswire/ -- Webster Bank, National Association, a subsidiary of Webster Financial Corporation (NYSE:WBS), announced today the appointment of John R. Ciulla to the position of executive vice president and chief credit risk officer, a position he has held on an interim basis since January.
Ciulla, who was Webster's regional president, Fairfield (Conn.) and Westchester (N.Y.) Counties since September 2007, will now report to Webster Bank Chairman and CEO James C. Smith in his new position. Ciulla succeeds Jo Keeler, Webster's previous credit risk officer, who held the position until January. In his new position, Ciulla will be responsible for the corporation's credit policy function and credit risk management in the bank and subsidiaries. He will oversee underwriting procedures, assess portfolio underwriting risk and evaluate the adequacy of the allowance for loan and lease losses. Ciulla will direct the commercial banking credit policy unit and the special assets function of commercial banking. He will also provide guidance and direction to the independent credit review function that reports to the Risk Committee of Webster's Board of Directors.
Ciulla joined Webster in 2004 and previously served in a variety of management positions, including senior vice president, commercial banking, responsible for several business units. Prior to joining Webster, Ciulla was managing director of The Bank of New York from January 1997 to June 2004; practiced law in New York as an associate with McDermott Will & Emery from March 1996 to January 1997 and with Hughes Hubbard & Reed from Sept. 1994 to March 1996; served as commercial loan officer with People's Bank in Bridgeport, Conn., from Nov. 1989 to June 1991; and served as a loan officer with Connecticut National Bank from June 1987 through Nov. 1989. Ciulla earned an MBA from the Columbia Business School, a J.D. from Fordham University School of Law, and a B.A. in political science and history from Williams College. Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.2 billion in assets, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 181 banking offices, 484 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Connecticut and provides health savings account trustee and administrative services through HSA Bank, Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.WebsterOnline.com. First Call Analyst: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050606/NYWBLOGO
CONTACT: Media Contact: Web site: http://www.websteronline.com/
2008-04-17 18:15:50 0339252 PRNEWSWIRE
HOME || Press Release Archive || © Leigh Media Corporation || Terms of Use || Privacy Policy || Publish Your Press Release Here |