WATERBURY, Conn., June 7, 2010 – Webster Bank, the main subsidiary of Webster Financial Corporation (NYSE: WBS), announced today that Rose Mauriello has joined the company as Vice President, Small Business Administration (SBA) Sales Specialist.
Mauriello will focus on training and educating retail branch personnel across Webster’s four-state footprint on SBA lending programs, including origination, processing and closing of SBA loans, as well as ensuring compliance with SBA rules and regulations.
In total, Webster expects to originate more than $850 million in new loans to businesses this year, an increase of $400 million over 2009. “Rose joining the Webster team underscores our commitment to expand business lending and help finance the region’s economic recovery,” said Anne Slattery, Executive Vice President for Retail Banking. “Her expertise in SBA lending will further enhance our ability to serve small business customers with programs that are especially valuable in the current economic climate.”
Mauriello comes to Webster with more than 16 years of specialized experience in SBA lending. Most recently, she was with National Cooperative Bank as the SBA Portfolio Relationship Manager. Prior to NCB, she served as an officer with various lending institutions as the SBA Administrator, overseeing the underwriting, processing, and closing of SBA loans. Her career started with the SBA Hartford District Office as a Loan Officer within the Finance & Investment Division.
Mauriello graduated from Central Connecticut State University, (magna cum laude), with a BS in Business Management. She resides in Manchester, Conn., with her husband and 3 children.
For the past two years, Webster Bank has been Connecticut’s number one U.S. Small Business Association (SBA) lender in terms of total loans and total dollar value. For eighth straight years, Webster has been the state’s top SBA 504 lender, which is targeted at borrowers who want to acquire real estate and fixed assets with as little as 10 percent investment.
Webster was also Connecticut’s number one lender in 2009 for the SBA’s new America’s Recovery Capital (ARC) Loan Program. The ARC Program was created in 2008 as a temporary measure to provide up to $35,000 in short-term relief to help viable small businesses facing immediate financial hardship ride out uncertain economic times and return to profitability.
Serving businesses, consumers, and governmental entities stretching from Boston’s financial district through Westchester County in New York with 181 branches, 500 ATMs, and a robust online presence, Webster Bank delivers the full suite of financial products and services of a big bank with the personal service of a local bank.
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $18.0 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 500 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, Webster Capital Finance, Inc., an equipment finance company headquartered in Farmington, Conn., and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender.
Media Contact:
Ed Steadham, 203-578-2287
203-530-2974 (mobile)
esteadham@websterbank.com