DANBURY – Union Savings Bank has promoted 30-year banking veteran Joseph Morrissey to executive vice president, commercial lending. In his new executive role, Morrissey is responsible for leading all aspects of the bank’s commercial lending divisions, including business lending and commercial real estate.
Morrissey will serve as a member of the bank’s Executive Management Team, reporting directly to the president and CEO. His expanded responsibilities include serving on the Trustee Loan and the Asset & Liability committees. He will also oversee the bank’s interest rate swap portfolio and continue to chair the Management Loan Committee and serve as the bank’s senior environmental review officer.
“Joe has been an integral part of Union Savings Bank’s success for more than two decades,” said Chelen Reyes, Union Savings Bank president and CEO. “His deep expertise in commercial lending, proven leadership, and unwavering commitment to our clients and community make him the ideal choice to lead this vital division.”
Morrissey, whose career in banking spans more than 30 years, joined Union Savings Bank in 2000 where he has held a number of positions of increasing responsibility. Most recently he was senior vice president, department head of commercial services, overseeing all commercial business and commercial real estate lending.
Morrissey earned his MBA in finance from the University of Connecticut and a BA in economics from Fordham University.
A resident of Newtown, Morrissey is active in the community. He is a trustee for the Regional YMCA and serves on the Board of Directors for Family & Children’s Aid. He is also a member of the Housatonic Industrial Development Corp., the Real Estate Finance Association in both Stamford and Hartford and has previously served on the boards of Regional Hospice, the American Red Cross, Immaculate High School, and St. Rose School.
