John Ciulla is leading Webster Bank through a period of consolidation and change.
Ciulla is president and CEO of Webster Financial Corp. and Webster Bank.
On Feb. 1, the bank closed on its merger with Sterling Bancorp of New York, a deal Ciulla has said provides a “compelling opportunity to create value for our stakeholders.”
Webster Bank will keep its name, but has relocated its headquarters to Stamford, while also maintaining a significant presence in its longtime home of Waterbury.
The company now has approximately $65 billion in assets, $44 billion in loans and $53 billion in deposits based on balances as of Dec. 31, 2021. It operates 202 financial centers in the Northeast.
Webster Bank recently reported that its total loan volume more than doubled to $175 million in calendar year 2021, up from $80 million in 2020.
Ciulla has had a long career with Webster. He originally started working there in 2004 as senior vice president for middle market banking.
He went on to have several leadership roles, including as chief credit risk officer from 2008 to 2010. He was promoted to executive vice president and head of middle market banking in 2011, then head of commercial banking in 2014, and to president in 2015. Ciulla became CEO of Webster in 2018.
Ciulla also is a member of the Connecticut Business & Industry Association’s board of directors, the state’s largest business organization.