By William Hamilton
PBN Staff Writer
PROVIDENCE – Citizens Bank Rhode Island President Edward “Ned” O. Handy III is now a bank president in two states.
Handy, who was appointed to lead Citizens Financial Group’s Rhode Island division last July, was selected to serve the same role in Connecticut, the bank announced on Monday. He replaces Rich Barry, who was recently named Citizens Financial’s wholesale chief credit office.
Citizens said Handy, 49, also oversees the bank's middle market Southern New England lending covering Rhode Island and Connecticut. He is also a member of CFG’s Executive Leadership Group.
An East Greenwich resident, Handy will split time between Rhode Island and Connecticut.
“Ned has more than 25 years banking experience, including numerous leadership positions within CFG, and a passion for supporting community organizations,” said Ellen Alemany, chairman and CEO of Citizens Financial. “Ned’s talents and experience as a business and community leader will not only benefit our Connecticut operations, but the community organizations, initiatives and customers we serve there.”
For Handy, it’s a return to familiar territory. He served as president of the Connecticut division between 1999 and 2004 before he was appointed president of Citizens subsidiary Charter One in Ohio. He previously had spent 10 years at Fleet Financial Group in Providence before joining Citizens in 1995 as a commercial banker. He received his bachelor’s degree in urban studies from Brown University.
“Ned’s long-time experience in commercial lending, particularly his previous experience as president of the bank in Connecticut, will be an asset to us in this market,” said Robert M. Matthews, vice chairman of commercial banking for CFG. “Ned’s continued leadership and experience will be of great value as we grow our Connecticut franchise.”