Webster Financial Corp., parent of Webster Bank, has announced that Executive Vice Chairman Joseph J. Savage will retire effective June 30.
Savage joined Webster in April 2002 as executive vice president, commercial banking. He was promoted to president and to the board of directors of Webster Bank in 2014, and named executive vice chairman in October 2015. According to Chairman/CEO James C. Smith, “Under Joe’s leadership, commercial banking has grown fivefold in footings and revenue and is today Webster’s most profitable business.”
With $26 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 168 banking centers and 349 ATMs.