|Webster Bank Appoints Ziluca as Chief Credit Officer|
|PDF Version of Press Release|
WATERBURY , Conn. , March 24, 2011 — Webster Bank, a subsidiary of Webster Financial Corporation (NYSE: WBS), announces that Chris Ziluca has been appointed chief credit officer. He is responsible for managing the credit approval and policy function, as well as for managing and enhancing credit risk management and infrastructure.
Ziluca has more than 25 years of credit and financial service experience most recently with CIT, where he held several roles of increasing responsibility including chief credit risk officer and interim chief risk officer. Prior to CIT, Ziluca spent 16 years at GE in various risk management leadership roles in Connecticut , California , London , Toyko, and Sydney.
He will report to Dan Bley, executive vice president, chief risk officer. “We're pleased to have someone of Chris' caliber and breadth of experience joining our team,” Bley said. “His leadership and deep knowledge of the credit function will be a true asset to the organization.”
Ziluca received his bachelor's of arts degree in business administration and philosophy from Franklin & Marshall College . He is a resident of Wilton , Conn. , where he is active with the Boys Scouts of America. He is a scoutmaster there for his sons and received his Eagle Scout award in Wilton during his youth.
Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank. With $18 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center , and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and the equipment finance firm Webster Capital Finance, 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 Webster's website at www.websterbank.com.