Naugatuck Valley Financial Corp. has poached a senior lending officer from a nearby competitor to be its new CEO.
The parent of Naugatuck Valley Savings & Loan said it has named William C. Calderara as its new president and chief executive.
Calderara, who starts his new job Friday, was most recently the chief lending officer of Newtown Savings Bank.
He replaces John Roman who resigned in June after the community lender hit a rough patch, in which it was forced to write down $5.3 million in loans. In addition, federal thrift regulators from the Office of the Comptroller of the Currency to improve its risk assessment practices and the administration of its loan portfolio.
Calderara has more than 25 years of banking experience and has held senior executive officer positions at several community banks.
As chief lending officer at Newtown Savings, he had direct management responsibility for commercial lending, small business, loan administration, loan servicing, and risk management.
He also had an expanded role in executive management at Fairfield County Bank, where he was responsible for marketing, sales management, information technology, retail lending, and loan administration.
