Webster Financial CFO MacInnes to Retire
Glenn MacInnes intends to retire from his role as executive vice president and CFO of Webster Financial, the holding company for Webster Bank and its HSA Bank division, after 13 years with the company.
Glenn MacInnes intends to retire from his role as executive vice president and CFO of Webster Financial, the holding company for Webster Bank and its HSA Bank division, after 13 years with the company.
Higher rates, money tightening and interference from regulators following regional banking turmoil in 2023 have severely affected the banking industry. Bank leaders across the asset-based lending space sat down to discuss what it all means for the bank ABL sector
Webster Bank provided a five-year loan to KIRCO in connection with the refinancing of the Henry Ford Macomb Medical Pavilion, which is a 100% leased, class-A medical office building located in Macomb County, MI.
Webster Bank hired Patricia Sampson as senior managing director of corporate responsibility reporting and analytics, CRA and fair and responsible banking officer. Sampson most recently served as head of corporate fair and responsible banking at Popular.
Webster Bank’s asset-based lending team extended a new debtor-in-possession facility totaling $20 million to Pegasus Home Fashions. The facility will allow the company to effectuate the sale of the business via a 363 sale in bankruptcy.
Emerald Creek Capital, a real estate finance firm based in New York City, procured a $110 million revolving line of credit from M&T Bank, BankUnited and Webster Bank.
Webster Bank promoted Luis Massiani to senior executive vice president and appointed him president of the bank, while promoting Chris Motl to senior executive vice president.
Webster Bank promoted Ann Meade to regional president in Boston and managing director of commercial lending, leading middle-market banking in the Greater Boston market.
Webster Bank appointed Abby Parsonnet to executive managing director and head of asset-based lending.
Webster Bank appointed Chris McKernan managing director of asset-based lending originations in an effort to expand its asset-based lending division. Based in Seattle, McKernan will cover the Pacific Northwest and Northern California areas.