Community banking

Rockville Financial, East Boston Savings Raid the Talent Pool

Published July 14, 2011, 8:43 p.m. EDT

|

Updated July 14, 2011, 7:43 p.m. EDT

1 Min Read

Two New England thrifts have beefed up their commercial lending operations by hiring teams of bankers from recently acquired banks.

Processing Content

In Connecticut, the $1.9 billion-asset Rockville Financial Inc. announced Thursday that it has won approval from state regulators to open a commercial lending office in New Haven and that it has hired Stephen Villeco, the former head of commercial banking at NewAlliance Bank, to run it. Joining Villeco as a vice president of commercial lending will be Raymond Kostka, his former colleague at NewAlliance in New Haven. Matt Proto, recently a top commercial lender at Bank of Southern Connecticut in New Haven and before that a colleague of Villeco's at NewAlliance, is senior commercial banking officer.

In Massachusetts, the $1.9 billion-asset East Boston Savings Bank has established a commercial and industrial lending division after hiring six veteran bankers from Danversbank in Danvers, Mass. According to a report in the Boston Business Journal Wednesday, the division will be headed by Frank Romano, a former executive vice president at Danversbank and will primarily target manufacturing firms and nonprofit organizations.

For reprint and licensing requests for this article, click here.

Community banking

MORE FROM AMERICAN BANKER

Industry News

Newsom taps Chopra to lead new California oversight agency

In a move seen to bolster his 2028 presidential run, California Governor Gavin Newsom named Rohit Chopra, the former director of the Consumer Financial Protection Bureau, to lead a new oversight agency; a Pine Bluff, Arkansas, bank employee was sentenced to 36 months in federal prison for bank theft; a Fairfax, Virginia, security administrator has been charged with allegedly stealing more than $6.6 million from his employer; and more in this week's banking news roundup.

By Traci Parks
Copy editor, American Banker

13m ago
Cash

The rumor of cash's death is greatly exaggerated

New Federal Reserve stats show most consumers carry and store paper money, even as digital payments become mainstream.

By John Adams
Executive Editor, Payments

27m ago
M&A

Hancock Whitney inks deal to buy Orlando community bank

The Mississippi lender's pending acquisition of OFB Bancshares, the parent company of One Florida Bank, offers an entry point into the fast-growing Orlando market.

By Allissa Kline
Reporter

1h ago
Artificial intelligence

Pressure, FOMO: Some big banks are rolling AI out too fast

At some banks, executives are overpromising results and putting tremendous pressure on tech teams, leading to a range of problems.

By Penny Crosman
Executive Editor, Technology at Arizent

1h ago
Community banking

More banks tap outside professionals for help with CRA investing

Fund managers are seeking to change the way banks think about Community Reinvestment Act investing.

By John Reosti
Reporter

2h ago
Earned Wage Access

Why Pioneer Federal Credit Union is adding earned wage access

As short-term liquidity products gain popularity with consumers, credit unions are looking for new ways to keep their members from looking elsewhere.

By Joey Pizzolato
Reporter

4h ago

Load More