Webster Promotes Jonathan W. Roberts to Lead Retail Banking and Consumer Lending

Rhea-AI Summary

Webster Financial Corporation (NYSE: WBS) has promoted Jonathan W. Roberts to Head of Retail Banking and Consumer Lending, a role in which he will manage retail operations and lead consumer products. Since joining in 2017, Roberts has driven the growth of consumer deposits while modernizing the bank's technology and services. His new appointment is expected to enhance responsiveness to customer needs and expand the bank's commercial activities. The company, with $33.0 billion in assets, operates 156 banking centers and provides a range of financial services.

Positive

• Roberts has successfully driven consumer deposits growth since 2017.
• The promotion may enhance customer responsiveness and service offerings.
• Webster Financial has a solid asset base of $33.0 billion.

Negative

• None.

WATERBURY, Conn., Nov. 4, 2020 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, is pleased to announce that Executive Vice President Jonathan W. Roberts has been promoted to Head of Retail Banking and Consumer Lending at Webster Bank and Webster Financial Corporation. In his role, he will oversee retail operations and the banking center network, and will lead core consumer products and services, including small business banking. Roberts will report directly to Chairman, President and CEO John R. Ciulla.

Roberts joined Webster in 2017 and most recently was Executive Vice President, Consumer Deposits and Retail Network Management.

"Jonathan has been the driving force behind our consumer deposits growth strategy, and this new emphasis on retail banking and consumer lending will enable us to be even more responsive to the evolving, dynamic needs of our customers and the communities we serve, while continuing to expand our commercial banking activities and aggressively grow HSA Bank," said Ciulla. 

Since joining Webster in 2017, Roberts has led the growth in consumer deposits – spearheading the ongoing modernization, empowering customers with choice and thoughtfully expanding technology across the network, while differentiating Webster's consumer banking in the marketplace. He also oversaw the bank's award-winning Call Center.

Prior to Webster, Roberts served in several executive leadership positions within the banking and financial services industry. His most recent position was at First Bank in St. Louis, where he served as executive vice president of retail and business banking. Prior to that, he also held the positions of executive vice president and Mid-Atlantic president at Santander Bank in Philadelphia, and executive vice president and Head of Community Banking at F.N.B. Corporation in Pittsburgh.

A graduate of the University of Cincinnati, Roberts later completed the ABA Stonier Graduate School of Banking. He is also an alumnus of the Wharton School of Business, General Management Program. Active as a mentor for young professionals, he volunteers for United Way, and serves on the board of the Urban League of Greater Hartford. Jonathan and his wife, Angela reside in the Hartford area and their two sons reside in Boston.

About Webster 
Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $33.0 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 156 banking centers and 298 ATMs. Webster also provides mobile and online banking. 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.

Media Contact:	Investor Contact:
Alice Ferreira, 203-578-2610	Terry Mangan, 203-578-2318
acferreira@websterbank.com	tmangan@websterbank.com

 

 

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SOURCE Webster Financial Corporation

FAQ

What recent leadership change occurred at Webster Financial Corporation (WBS)?

Jonathan W. Roberts was promoted to Head of Retail Banking and Consumer Lending on Nov 4, 2020.

How long has Jonathan W. Roberts been with Webster Financial Corporation?

He joined Webster Financial Corporation in 2017.

What is the significance of Roberts' promotion for Webster Bank?

His promotion is expected to improve customer service and expand commercial banking activities.

What is the asset size of Webster Financial Corporation?

Webster Financial Corporation has $33.0 billion in assets.