Webster Bank Names Leader of New Treasury Services Group

WATERBURY, Conn., May 8, 2012 /PRNewswire/ -- Webster Bank, a leading bank serving businesses and consumers from Westchester County, N.Y. to Boston, Mass., today announced the hiring of Philip C. Picillo as senior vice president, Treasury Services. 

Previously, Picillo served as senior vice president at SunTrust Bank.  Prior to that, he was senior vice president at Sovereign Bank. Picillo started his banking career at Bank of Boston.

"Phil has a wealth of experience in treasury services and a proven track record to oversee Webster's already strong suite of services," said Joseph J. Savage , executive vice president, Commercial Banking at Webster Bank.  "Our business customers are seeking solutions to help them with liquidity management, investment and interest rate protection services, and a sophisticated fraud prevention product suite.  Having Phil on board demonstrates Webster's commitment to serving our commercial banking customers."

Treasury Services integrates cash management sales, product management, treasury sales, and government and institutional banking to deliver holistic, cohesive solutions to Webster's business and institutional customers.

Picillo will be based in Hartford, Conn.  He earned his Bachelors degree in Accounting from Bentley University, his M.B.A. from Farleigh Dickinson University, and his J.D. from Massachusetts School of Law.  He was a board member and past President of the Treasury Management Association of New England and a current member of the Association for Financial Professionals.

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 168 banking offices, 466 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; 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 the Webster website at www.websterbank.com.

SOURCE Webster Financial Corporation

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