WATERBURY, Conn., Aug. 6, 2013 /PRNewswire/ -- Webster Bank, a leading regional bank, announced today the expansion of its commercial middle market business to metropolitan New York and that Abby Parsonnet has been named the new Regional President for that area. Based in Webster's New York City offices at 360 Lexington Avenue, Parsonnet will be responsible for replicating the successful geographic expansion of middle market that Webster experienced in Boston, Providence, and White Plains. In the coming months, she will be building a team of middle market bankers who will focus on specific market niches for commercial banking in the New York metro area.
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Parsonnet has more than 20 years of middle market banking experience in the New York region, having been senior vice president at J.P. Morgan Chase in a variety of roles including as head of remediation; head of the textile, apparel, and jewelry division; and a special credits officer. Since 2011, she has been a restructuring advisor in the corporate finance practice of FTI Consulting, where she was a senior managing director.
"Abby brings a wealth of banking knowledge and experience to Webster and has a great market presence," said John Ciulla, executive vice president, Middle Market Banking and chairman of the Regional Presidents' Council. "Her leadership will be extremely valuable as she builds our middle market team in metro New York and strengthens our unique commitment to relationship banking and emphasis on client success."
Parsonnet earned her Bachelors degree from Brandeis University and her MBA from Boston University. She also earned her Certificate in Financial Planning from the New York University School of Continuing Education. Parsonnet is an Executive Board member and officer (and founding member) of Fashion Delivers, a member of the Fashion Service Network, and is active in the ORT America Accounting, Banking and Attorneys Chapter where she is a past recipient of the Community Achievement Award. She is also a past board member of the TMA, New York Chapter.
About Webster Bank
Webster Bank, N.A., is a subsidiary of Webster Financial Corporation (NYSE: WBS). With $20 billion in assets, Webster Bank provides business and consumer banking, mortgages, financial planning, trust and investment services through 169 banking offices; 296 ATMs; telephone banking; mobile banking; and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; 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 or follow us on LinkedIn http://linkedin.com/company/webster-bankand Twitter https://twitter.com/WebsterBank.
SOURCE Webster Financial Corporation