RI Resident Sam Hanna to Lead Webster's Capital Finance Division
PROVIDENCE, R.I., July 20, 2011 /PRNewswire/ -- Webster Bank, a leading New England financial institution, has promoted Sam Hanna of Exeter, R.I., to president and chief operating officer of its equipment financing subsidiary, Webster Capital Finance.
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In this new role, Hanna will focus on repositioning the company from a national equipment lender to a regional lender covering New England, New York, New Jersey and Pennsylvania. "Webster Capital Finance will seek to become a more 'bank centric' equipment financing company by aligning our business with our partners in Webster Bank, especially in middle market and small business lending," Hanna said. "We intend to expand our presence within the northeastern footprint by adding five sales representatives to our existing sales force. We will also grow our customer and revenue base by expanding our asset classes beyond the sectors we currently serve: transportation, construction, environmental and manufacturing."
Hanna joined Webster Bank in 2006 as senior vice president/regional manager, commercial real estate lending. He is a graduate of The University of Rhode Island, a member of the building committee for the Boys & Girls Clubs of Pawtucket, and a member of the Providence Foundation.
About Webster:
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 176 banking offices, 495 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.
Media contact: |
Brenda Greene (401) 228-2083 |
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SOURCE Webster Financial Corporation
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