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By Webster Bank
Webster Financial Corporation has announced that as part of a planned transition, John R. Ciulla, Webster’s Chief Executive Officer, will become chairman of the board of Webster Financial Corporation and Webster Bank, National Association.
Ciulla joined Webster in 2004. He served as chairman, president and CEO of Webster Financial Corporation from 2020 until the close of its merger of equals with Sterling Bancorp in 2022.
In addition, Richard O’Toole will become lead independent director of the board, succeeding William Atwell, who will remain on the board. Atwell has been a valued member of the board since 2014 and is the former consulting and managing director of Atwell Partners, LLC. Both appointments are effective February 1, 2024.
O’Toole is executive vice president of The Related Companies and has been a member of the board since 2022, having previously served as a director for Sterling Bancorp since 2011 and chairman of the Sterling board from 2017-2022.
About Webster
Webster Bank (“Webster”) is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country’s largest providers of employee benefits and administration of medical insurance claim settlements solutions. Webster is a values-driven organization headquartered in Stamford, CT, with $77 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
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