Webster Bank announced Wednesday morning that it had named a new president, one of two executive-level promotions.
Chief Operating Officer Luis Massiani was appointed president of Webster Bank and will oversee bank operations, technology, retail, and digital banking and corporate strategy. He will continue to serve as chief operating officer.
Massiani previously served as chief financial officer of Sterling Bancorp, which merged with Webster Financial Corp. in 2022. He joined Sterling in 2012 and, in 2021, took additional responsibilities as chief operating officer of Sterling National Bank.
Massiani has an MBA from Kelley School of Business at Indiana University.
In addition, Webster Bank promoted Chris Motl, president of commercial banking, to senior executive vice president. He will continue to lead the bank’s expansion of its commercial banking activities.
Motl joined Webster in 2004 as the co-founder of the company’s Sponsor & Specialty Finance Group. He earned his bachelor’s degree from the University of Colorado.
“I am pleased to elevate these two exemplary leaders and recognize their outstanding contributions to the Company,” said John R. Ciulla, president and CEO of Webster Financial Corp. and CEO of Webster Bank. “Luis and Chris continue to demonstrate values-driven leadership and high performance that differentiates Webster in the marketplace.”
Webster Bank, which moved its headquarters from Waterbury to Stamford after merging with New York-based Sterling, has more than $70 billion in assets. Its footprint spans the northeastern U.S. from New York to Massachusetts.
