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Webster Bank Promotes John Ciulla to Head Middle Market Banking
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WATERBURY, Conn., Sept 23, 2010 /PRNewswire via COMTEX/ -- Webster Bank today announced that John Ciulla, executive vice president, has been named head of its Middle Market banking group and the chairman of Webster's Regional Presidents Council. Since January 2008, Ciulla has been Chief Credit Risk Officer; prior to that he was a senior vice president in Webster's Commercial Bank.

Joseph Savage, Webster's executive vice president and head of the Commercial Bank, said, "John's return to the 'client' side of the bank offers the latest validation that Webster has emerged from the recession stronger, more focused, and poised to grow. In heading up Middle Market, John's focus will be to turbo-charge the success that the Commercial Bank is already enjoying with its robust pipeline of new relationships and to accelerate our cross-selling activity through the Regional Presidents."

Prior to joining Webster in 2004, Ciulla was a managing director of The Bank of New York from 1997 to 2004. He practiced law in New York as an associate with McDermott Will & Emery from 1996 to 1997 and with Hughes Hubbard & Reed from 1994 to 1996.

A native of North Haven, Conn., Ciulla earned a bachelor's degree in political science and history from Williams College, an MBA from Columbia Business School, and a law degree from Fordham University School of Law.

About Webster

Webster Financial Corporation (NYSE: WBS) 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. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

    Media Contact:                                  Investor Contact:
    Ed Steadham, 203-578-2287                       Terry Mangan, 203-578-2318
    esteadham@websterbank.com                       tmangan@websterbank.com



SOURCE Webster Financial Corporation; Webster Bank