WATERBURY, Conn., July 7 /PRNewswire/ -- Mark J. Tarmy has joined Webster Financial Corp. (Nasdaq: WBST) as executive vice president and chief information officer. He brings more than 10 years of experience in technology and various areas of financial services including securities and mortgage banking.
As executive vice president and chief information officer, Tarmy will manage and lead all aspects of Webster's Information Systems Group, including strategic technology planning, enterprise wide systems and telecommunications facilities.
"Webster is poised to grow in many areas, not the least of which is information systems," said Tarmy. "This is an exciting time for the financial service industry as it moves into the next millennium of cutting edge technology. I'm pleased to have the opportunity to help Webster make the best use of technology as it continues its impressive growth."
In addition to responsibility for Webster's Information Systems Group, Tarmy will also work closely will all of Webster's business lines to see that technology is integrated with the company's products and services. This will help the corporation maintain a competitive advantage in the markets it serves, as well as provide customers with a high level of service.
"I am pleased to have Mr. Tarmy lead our technology efforts," said Webster Chairman and CEO James C. Smith. "His breadth and depth of knowledge in both technology and financial services will be a great benefit as we continue to transform Webster into a diversified financial services provider."
Tarmy was chief technology officer/COO at Thomson Securities Information Services. In his position, he was responsible for the product and technology strategy and direction, budget planning and operations.
Prior to Thomson, Tarmy was manager of capital market systems at The Federal National Mortgage Corporation (FNMA). He was also a senior consultant at Anderson Consulting responsible for design and implementation of mission-critical, business systems for financial and utility industry firms.
Tarmy holds a bachelor's degree in Civil Engineering and a master's degree in Industrial Administration from Carnegie Mellon University. He is relocating to Connecticut from Montclair, New Jersey with his wife Maura.
Webster Financial Corporation, headquartered in Waterbury, Conn., is the holding company for Webster Bank, which was founded in 1935. The bank is a leading Connecticut-based financial service provider and delivers consumer banking, commercial banking, mortgage, trust and investment management services, and insurance services to individuals, families and businesses. Webster has $9 billion in assets and operates through a network of more than 110 banking offices, three commercial banking centers, two trust offices and 180 ATMs, in addition to telephone banking, video banking, PC banking and Internet-based mortgage origination. For more information, visit the company's web site at www.websterbank.com.
SOURCE Webster Financial Corporation