Naugatuck Valley in Connecticut Hires CEO

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

Naugatuck Valley Financial (NVSL) in Connecticut has named William C. Calderara its president and chief executive.

Calderara will also serve as the president and CEO for Naugatuck Valley Savings and Loan. He succeeded John Roman, who resigned in August. Two senior executives — chief risk officer Sharon Blanchette and chief lending officer Mark Graveline — had been sharing the titles on an interim basis.

The $559 million-asset company said Wednesday that the Office of the Comptroller of the Currency did not object to Calderara's appointment.

Calderara has more than 25 years of experience at several banks. He previously served as the chief lending officer at Newtown Savings Bank in Connecticut.

Naugatuck, which converted from a mutual thrift in January, has reported losses for the last two quarters and expects another loss in the third quarter because of a planned $5.3 million writedown tied to bad loans.

JOIN THE DISCUSSION

SEE MORE IN

2014 Predictions Revisited: What the Seers Got Right and Wrong

A year ago we asked BankThink contributors to make bold predictions about how the financial industry would evolve in 2014. Here's a look back at their forecasts and the actual outcomes.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.