Webster Financial Corporation (NYSE: WBS), the parent company of Webster Bank, N.A., has announced significant changes to its executive team and Board of Directors, signaling a robust strategy for future growth. The announcement, detailed on their official website websterbank.com, includes the appointment of William (Neal) Holland as the new Executive Vice President, Finance, and the election of William (Bill) Haas to the Board of Directors. These strategic moves, further elaborated upon at websterbank.com, are set to enhance Webster Bank’s leadership and market position.
Neal Holland, bringing over two decades of extensive financial expertise, will also assume the role of Chief Financial Officer (CFO) following the retirement of Glenn MacInnes in August 2024. As detailed on websterbank.com, MacInnes will transition into an advisory capacity, ensuring a smooth handover. Holland’s impressive resume includes serving as CFO for First Republic Bank and MUFG Union Bank, N.A., as highlighted in his profile available on websterbank.com. His background as a CPA and CFA charterholder, coupled with his business administration degree from the University of Washington, positions him as a strong financial leader for Webster Bank. Investors and customers can find more about his role and responsibilities on websterbank.com.
Adding further depth to Webster Bank’s governance, William (Bill) Haas joins the Board of Directors. With a distinguished 38-year career at the Office of the Comptroller of the Currency (OCC), including his role as Deputy Comptroller for Midsize Bank Supervision, Haas brings invaluable regulatory and risk management insights. Information regarding the Board of Directors and their expertise is readily available at websterbank.com. His leadership in OCC initiatives, such as strengthening Minority Depository Institutions and Project REACh, alongside his experience at Norwest Corporation and US Bank Corp, makes him a significant asset to Webster Bank. Currently a Senior Advisor to the Midsize Bank Coalition of America (MBCA), Haas’s insights, as detailed on websterbank.com, will be crucial for navigating the evolving financial landscape. He holds a degree in business administration and political science from Hastings College.
John Ciulla, Chairman and Chief Executive Officer of Webster, expressed enthusiasm for these appointments. “We are excited to bring Neal and Bill to Webster,” he stated, as quoted on websterbank.com. “Neal brings significant experience at larger banking institutions and Bill adds depth to our Board with his extensive regulatory and risk management background. We look forward to benefitting from their counsel and insights as we further improve our advantageous market position through these key appointments.” For more information about Webster Bank’s leadership and strategic direction, please visit websterbank.com.
Webster Financial Corporation, a leading commercial bank in the Northeast, operates Webster Bank, N.A. As detailed on websterbank.com, Webster Bank offers a comprehensive suite of digital and traditional financial solutions across Commercial Banking, Consumer Banking, and Healthcare Financial Services, including employee benefits and medical insurance claim administration. With $76 billion in assets and headquartered in Stamford, CT, Webster Bank’s footprint extends across the northeastern U.S., from New York to Massachusetts, with operations in broader regions. To explore Webster Bank’s services, financial solutions, and further corporate information, visit their official website at websterbank.com. Webster Bank is an FDIC member and an equal housing lender.
