Webster Financial : Bank’s Glenn MacInnes Named CFO of the Year
September 15, 2015 at 08:55 am
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Sarah Barr, 203-578-2287 sbarr@websterbank.com
Webster Bank's Glenn MacInnes Named CFO of the Year
HARTFORD/WATERBURY, Conn., September 15, 2015- Webster Bankannounced that Glenn MacInnes, executive vice president and chief financial officer has been named CFO of the Yearfor a public company by the Hartford Business Journal. MacInnes was one of four winners honored at a luncheon on September 10 at Marquee Events & Catering in downtown Hartford, Conn. (#HBJCFO).
"I'm delighted that Glenn is being recognized by the HBJ as CFO of the Year," said Chairman and CEO Jim Smith. "His important contributions as CFO and member of the management committee during a period of rapid change have helped propel Webster to be among the highest-performing regional banks in the nation."
"Glenn's deep experience in financial planning, coupled with his unusual ability to balance strategic choices and financial performance goals, has earned him national recognition," Smith added. "His oversight of Webster's interest-rate risk profile has been skillful during a challenging period of historically low rates. Glenn has enhanced the quality of our financial reporting and led our relentless efforts to achieve greater
operating efficiency across the bank. True to Webster's values, Glenn gives back to his community as a board
member of Wellmore Behavioral Health."
Webster Bank, based in Waterbury, Conn., is a leading regional bank serving businesses and consumers in the northeast.
Photo: Courtesy Hartford Business Journal/Photo by Pablo Robles
About Webster:
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $23.6 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 165 banking centers, 315 ATMs, telephone banking, mobile banking, and the Internet. Webster Bank owns the asset-based lending
firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. 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.
Webster Financial Corporation is the holding company for Webster Bank, N.A. and its HSA Bank division. The Company's segments include Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment serves businesses with more than two million dollars of revenue through its commercial real estate and equipment finance, business banking, asset-based lending and commercial services, private banking, treasury management and other business units. The HSA Bank segment offers a comprehensive consumer-directed employee benefit and healthcare solution that includes health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter benefits. The Consumer Banking segment operates a distribution network, throughout southern New England and the New York metro and suburban markets, that comprises approximately 198 banking centers and 349 automated teller machines, a customer care center and a full range of Web and mobile-based banking services.