Webster plans more hires

CONN.-BASED Webster Bank views the Boston-Providence market as one region and sees the overall outlook as positive, said Smith.
CONN.-BASED Webster Bank views the Boston-Providence market as one region and sees the overall outlook as positive, said Smith.

WATERBURY, Conn. – Webster Bank plans to add a senior banker and possibly other staff at its Providence offices during 2014, Chairman and CEO James C. Smith told Providence Business News following the release of the bank’s first quarter 2014 earnings report on April 17.
“We have significant commercial and business banking presence in Providence and we see growth potential there in commercial lending, commercial real estate lending, cash management services and equipment financing,” said Smith.
“We also expect growth in the greater Providence area in private banking services, including investment management,” said Smith. “Rhode Island looks and feels to us as if economic recovery is underway.”
Connecticut-based Webster Bank views the Boston-Providence market as one region and sees the overall outlook as positive, said Smith.
The bank is seeing substantial growth in the Boston market, Webster Bank Executive Vice President for Commercial Banking Joseph J. Savage said during the bank’s Q1 2014 earnings conference call.
“Since we opened our Boston office in 2009, we’ve grown from 11 to 26 individuals,” said Savage.
“Boston has been a home run for this institution. Providence is going well for us, we’ve got very talented individuals there, we’re going to add to a very good team and we continue to be optimistic, but the real driver of our performance in that region is Boston.”

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