Daily News: March 20, 2012

Webster Capital Finance Expands, Hires Three Regional VPs

Webster Bank announced the targeted expansion of Webster Capital Finance with the addition of three well-known veteran lenders in the transportation, construction and manufacturing finance arena.

Timothy S. Moriarity, VP, will emphasize the Pennsylvania, Ohio and southern New Jersey area. His experience includes work with Citizens and PNC Banks.

Timothy J. Woodcock, VP, will serve clients in Illinois, Wisconsin and Indiana. He previously worked with Capital One Equipment Leasing and Finance.

Jerald F. Herrmann, VP, will focus his duties in the New York and northern New Jersey region. Prior to joining Webster Capital Finance, he worked for SunTrust Leasing.

“Having Jerry, Tim and Tim on the team gives us a significant presence in these key markets,” said Samuel Hanna, president and chief operating officer of Webster Capital Finance. “Their reputation, product knowledge and the ability to execute effective solutions on behalf of their clients is well known in the marketplace.”