WATERBURY, Conn., April 27, 2015 /PRNewswire/ -- Webster Bank announced today that Bruce Wandelmaier has been named executive vice president, treasurer, of Webster Bank, N.A. In this role, Wandelmaier is directly responsible for the bank's investment portfolio, funding, capital structure, and interest rate risk. He had previously held the title of senior vice president, treasurer.
"Bruce is relentless in his quest to achieve outstanding results. Under his leadership, the Treasury team has helped Webster make meaningful strides along the path to high performance," said Executive Vice President and Chief Financial Officer Glenn MacInnes. "The return on our investment portfolio has consistently ranked at or near the top of our peer group. Our funding and capital needs have been continually rationalized to achieve optimization, and the bank is well positioned for the eventual rise in interest rates," said MacInnes.
Wandelmaier joined Webster in 1999 and was named treasurer in 2007. In addition to his Treasury responsibilities, he is the chair of the Asset/Liability Committee, the Bank Alternative Investment Committee, and various loan and deposit pricing committees. He serves on Webster's retirement committee and the boards of Webster Preferred Capital Corporation (WPCC) and Webster Mortgage Investment Corporation (WMIC). He is also the treasurer of the Harold Webster Smith Foundation.
Living up to the communities he serves, this resident of Brookfield, Conn., volunteers with Wellmore Behavioral Health in Waterbury, Conn. He is also on the board and is the treasurer of the Brookfield Open Space Legacy, Inc., a private land trust. Wandelmaier earned a bachelor's degree from Lafayette College and an MBA in finance and accounting from the University of Rochester's Simon School.
Webster Bank is a leading regional bank serving businesses and consumers in the northeast.
Webster Financial Corporation (NYSE: WBS) is the holding company for Webster Bank, N.A. With $23 billion in assets, Webster provides business and consumer banking, mortgages, private banking, trust and investment services through 164 banking offices; 313 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 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 or follow us on LinkedIn http://linkedin.com/company/webster-bank and Twitter https://twitter.com/WebsterBank.
SOURCE Webster Financial Corporation