Savings Bank of Danbury has promoted executive vice president Martin G. Morgado to president and chief executive officer. He replaces Hal Wibling, who was named interim CEO after Kathleen Romangnano resigned in January, and who continues to serve as chairman of the board.
“Martin has proven himself to be extremely knowledgeable and dedicated,” said Wibling. “He is well deserving of the president’s position and will carry on a tradition of strong leadership for the bank and service to our community.”
Morgado joined the bank in July 2001 as vice president of retail lending, and in 2007 assumed management responsibility for the mortgage banking division. He played a key role in the bank’s 2010 acquisition of Stamford Mortgage Company, and was promoted to senior vice president that same year. He was named executive vice president in 2012.