James C. Smith, chairman and CEO of Webster Financial is retiring after 40 years with the bank. John R. Ciulla, president, will become the company’s CEO and a member of the holding company’s board of directors.
Syntax Systems acquired Core Services to create a North American technology services firm offering cloud managed services. TD Securities served as administrative agent and joint bookrunner and joint lead arranger with National Bank of Canada for the senior secured credit facilities.
Webster Bank closed on a $7.2 million portfolio financing deal for Isle Brewers Guild, a craft beer cooperative in Pawtucket, RI.
Webster Bank and three other lenders closed on a $70 million portfolio refinancing for Apple Health Care, an operator of skilled nursing facilities based in Connecticut.
Webster Bank promoted Debra Drapalla to Boston regional president. She succeeds Paul Mollica, who will be retiring, but will continue to serve as an ambassador for Webster.
Samuel Hanna, SVP/director of Webster Capital Finance, was promoted to lead Middle Market Banking at Webster Bank. Richard Matte, SVP/WCF, will add operational responsibilities to his sales leadership duties.
Webster Bank promoted Christopher Motl, executive vice president, Middle Market Banking to executive vice president, head of Commercial Banking.
Webster Bank provided $18 million in senior credit facilities to Bentley Laboratories in support of Bentley’s recapitalization and acquisition growth strategy.