Boston, Mass., February 21, 2011 – Webster Bank, a leading New England financial institution, announces the promotion of Paul Mollica of Abington, Mass., to president of the bank’s new Boston region. In this role, he will focus on commercial banking and coordinate Webster’s business and community affairs activities in the greater Boston area. Mollica is based in Webster’s office at 100 Franklin Street in Boston’s downtown crossing neighborhood.
Mollica joined Webster in 2007 as senior vice president and regional manager of the commercial lending group based in the greater Boston area. Prior to joining Webster, he had held various roles for Bank of America, including regional president/market executive for the Boston market and senior client manager/senior vice president. Mollica also served as a senior vice president/division head for middle market banking at Eastern Bank for five years, covering the Boston market.
Mollica is a director of the South Shore YMCA and is a member of the Greater Boston Chamber of Commerce and the South Shore Chamber of Commerce. He holds a bachelor’s degree from Stonehill College and an M.B.A. from Suffolk University.
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $18 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center, and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and the equipment finance firm Webster Capital Finance, and provides health savings account, trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit Webster’s website at www.websterbank.com.
Media contact:
Brenda F. Greene, Vice President, Public Affairs
(401) 228-2083, bgreene@websterbank.com