Webster Bank Promotes Massiani to President, Motl to Senior EVP
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 Luis Massiani to senior executive vice president and appointed him president of the bank, while promoting Chris Motl to senior executive vice president.
Webster Financial, the holding company for Webster Bank, appointed Vikram Nafde executive vice president and chief information officer in charge of information technology.
The boards of directors of Webster Financial and Sterling Bancorp unanimously approved a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total market value of approximately $10.3 billion.
Luis Massiani, CFO and president of Sterling Bancorp, will assume the role of chief operating officer beginning March 1, 2021. Bea Ordonez joined Sterling as executive vice president and will assume the role of CFO on March 1.
Sterling Bancorp has promoted Luis Massiani to president of Sterling National Bank.