Webster Bank Promotes Joe Savage to President
December 19, 2013
Displayed with permission from PR Newswire
WATERBURY, Conn., Dec. 19, 2013 /PRNewswire/ — Webster Financial Corporation (NYSE: WBS), parent of Webster Bank, announced today that Joseph J. Savage has been promoted to president of the holding company and the bank and has been appointed to the board of directors of Webster Bank, effective January 1, 2014. In his new role, Savage, who was executive vice president and head of Commercial Banking, will oversee Webster’s Commercial Banking and Private Banking units as well as Human Resources and will continue to report to James C. Smith, chairman and CEO.
“This promotion recognizes Joe’s contributions toward building Commercial Banking into the fast-growing, high-performing business segment it is today,” Smith said. “In his 11 years at Webster, Joe and his team have grown Commercial Banking to the point that it now accounts for more than half of our total loan portfolio and half of Webster’s net income. Especially important is the culture Joe has helped to instill across the franchise… teams working together across business units delivering the totality of Webster to our clients.”
Prior to joining Webster in 2002 to lead the Commercial Banking, Savage was executive vice president and head of the Communications and Energy Banking Group for CoBank in Denver, Colo., from 1996 to 2002. Earlier in his career, he worked at The Bank of New York. Savage serves as a director of the MetroHartford Alliance, the Connecticut Technology Council, and the Travelers Championship Committee. He earned a bachelors degree from Manhattan College and an MBA at Seton Hall University.
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Savage, Joseph J. [MC????]
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I believe that Joseph is a member of the Class of 1974.
McEneney, Mike (MC1953)
[JR: Thanks, Mike. Much appreciated.]
Savage, Joseph J. [MC1974]
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