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Webster Bank promotes five bankers to SVP

Webster Bank has promoted five Connecticut bankers to senior vice president: Frank Castagna, credit executive in the chief risk officer group; Karen Giusto-Iavasile, manager of underwriting and processing in the community bank; Heidi Otton, manager, secondary markets in the community bank; Gabe Rinaldi, project management in the CIO group; and Eric Unger, physical environments in the CIO Group.

Castagna joined Webster in 1998 as a senior underwriter, and has 27 years of experience in banking. In his new position, he manages the underwriting process for the business banking group, as well as other projects, and manages a team of 10.

Giusto-Iavasile joined Webster in 1996, and has more than 30 years of experience in mortgage banking. In her new position, she is responsible for managing the credit and operational functions of the residential and correspondent lending channels.

Otton joined Webster in 2002 as a trading analyst and was promoted to several positions with increased responsibility over the last 14 years. In her new role, she is responsible for pricing all first mortgage loans, managing the interest rate risk on loans sold, and the pooling and sale of mortgage loans.

Rinaldi joined Webster in 2010 and has accepted several roles of increased responsibility.

Unger joined Webster as a senior project manager in 2010 but has served as a consultant for Webster’s expansion in New York, Rhode Island, Massachusetts and Connecticut since 2001. Most recently, he managed HSA Bank’s Milwaukee expansion and the Boston expansion. His new responsibilities include all aspects of Webster’s physical environment.