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|Webster Bank Appoints John Tranquilli SVP, Senior Credit Executive|
WATERBURY , Conn. , August 16, 2010 – Webster Bank, N.A., the main subsidiary of Webster Financial Corporation (NYSE: WBS), has appointed John Tranquilli to senior vice president, senior credit executive.
In this position, Tranquilli will oversee Webster's credit process for business and professional banking, including underwriting, approval, policy and portfolio performance. Tranquilli joined Webster in 1996, serving first as a consultant for special assets and later as underwriting manager for business and professional banking.
Tranquilli joined Webster from Consolidated Asset Recovery Corporation, a division of Chase Bank. He began his banking career at First New Haven National Bank and then worked for Mechanics & Farmers Savings Bank and The Bank Mart in various management positions, including commercial lending and commercial real estate lending as well as branch administration.
Tranquilli is a graduate of the University of New Haven , the Banking School at the Center for Financial Studies at Fairfield University and the University of Connecticut/Webster Business Mastery Program .
He has volunteered for numerous charities and nonprofits, including the Connecticut Mentor Program, the United Way, and the Knights of Columbus. He is a member of the parish council of the St. Joan of Arc Church in Hamden .
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.7 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 500 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, Webster Capital Finance, Inc., an equipment finance company headquartered in Farmington , Conn. , and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender .