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8-K - FORM 8-K - United Financial Bancorp, Inc. | y92058e8vk.htm |
EX-10.1 - EX-10.1 - United Financial Bancorp, Inc. | y92058exv10w1.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
MEDIA CONTACT: LAURA SOLL, PUBLIC RELATIONS (860) 688-4499 or (860) 833-4466 cell
ROCKVILLE FINANCIAL, INC.
Welcomes New Leaders and Promotes Current Executives
Welcomes New Leaders and Promotes Current Executives
ROCKVILLE,
Conn., July 19, 2011 William (Bill) H. W. Crawford, IV, President and Chief
Executive Officer (CEO) of Rockville Financial, Inc. (the Company) (NASDAQ Global Select Stock
Market: RCKB), the holding company for Rockville Bank (the Bank) today announced the hiring of
three new executives and promoted two Rockville Bank officers to Executive Vice Presidents.
Joining Rockville are Marino Santarelli as Executive Vice President and Chief Operating Officer
(COO), Scott Bechtle as Executive Vice President and Chief Risk Officer, and Stanley (Steve)
Koniecki as Senior Vice President IT and Operations Officer. Crawford has promoted John T. Lund,
Chief Financial Officer and Treasurer to Executive Vice President and Mark A. Kucia, Commercial
Banking Executive to Executive Vice President. All will report directly to Crawford.
We are pleased to have such a quality team of leaders on board, stated Rockville President and
CEO Bill Crawford. Marino, Scott and Steve are talented and experienced bankers and I am excited
they have joined our Rockville family. I congratulate John and Mark for their deserving promotions
as we move Rockville forward. Rockville is now well positioned
to prudently deploy recently raised capital, manage risk, and thoughtfully expand market share,
said Crawford. As we grow, we will continue to focus on being Connecticuts Best Community Bank by
providing caring customer service to the many communities we serve while building shareholder
value.
The new and promoted Rockville Leaders are:
Marino Santarelli, (59) the new COO is a 38-year veteran of the banking industry. He spent
the first 21 years of his career with community bank United Penn Bank (33 branches, $1.5 billion in
assets) in the Wilkes-Barre/Scranton, Penn. region in various executive roles including
Head of Community Banking. For the past 17 years, he worked for Wells Fargo and its predecessor
banks, with business banking, commercial, and consumer regional executive assignments throughout
the Mid-Atlantic States and the Northeast, including the banks Connecticut business banking
operation. For example, he has lead large teams at Wachovia including 87 branches with 900 retail
employees near Philadelphia and a Wachovia business banking team stretching from Greater
Washington, D.C. to Philadelphia, Penn.
Santarelli has been active in community and civic organizations, including the Board of the
Pennsylvania Chamber of Commerce and a Trustee of Wilkes University. Most recently, he was the
Wells Fargo, Senior Vice President and Market Executive for South Hampton Roads, where he was
awarded 2010 Volunteer of the Year by the Hampton Roads Chamber of Commerce. Santarelli worked
with Crawford at Wachovia/Wells Fargo from 2007 to 2010 in Virginia. The following lines of
business will report to Santarelli: Retail/Business Banking; Consumer
Lending; Rockville Bank
Mortgage, Inc.; Rockville Financial Services; Training; and certain project teams.
Scott Bechtle (60), the new Chief Risk Officer a newly
created role for the Bank will oversee all risk management activities
including: credit policy, asset quality, loan review, compliance, enterprise risk management, and
he will serve as lead regulatory liaison. Bechtle has 29 years
in credit administration, regulatory, and risk management experience. Most of his career was spent
with Barnett Banks, N.A. (now Bank of America), and SouthTrust Bank, N.A. (now Wells Fargo) in
Florida in senior risk management executive roles at the EVP and SVP levels. He was also a Chief
Examiner with the State of Florida Insurance Department. Crawford and Bechtle worked together from
2002 to 2005 at SouthTrust Bank, N.A. in Florida. Most recently, Bechtle served as Credit
Administration Executive for de novo Florida Shores Bank in Florida.
-MORE-
ROCKVILLE
FINANCIAL, INC. APPOINTS NEW EXECUTIVES...Page 2
Steve Koniecki (56) will oversee the Banks Information Technology and Operations
Department as the Senior Vice President IT and Operations Officer. A 30-year information
technology/operations specialist, Koniecki formerly was Vice President of Information Systems at
Space Coast Credit Union in Florida where he successfully led a team of 30+ IT resources through
the successful systems integration and conversion of the largest natural person credit union merger
in U.S. history resulting in the combination of two $1.5 billion credit unions to help create
the $3.1 billion Space Coast Credit Union of more than 63 branch offices and 145 ATMs. Koniecki is
originally from Windsor, Conn. and was an executive with Westbank near
Springfield, Mass. for eight
years where he was responsible for the Operations Division, Information Technology, Deposit
Services and the Reconcilement/Remittance process, before it was acquired by NewAlliance Bank. Prior to
this he was the Senior Vice President of IT and Operations at First International Bancorp in
Hartford, Conn. where he was responsible for the Operations Division, Information Technology, Deposit
Services and the Reconcilement/Remittance process from 1989 to 1998.
Mark A. Kucia (47), Senior Vice President, Commercial Banking Executive, has been promoted
to Executive Vice President. Kucia has more than 24 years of corporate and commercial banking
experience in Connecticut, Massachusetts, and New York. He will continue in his role of leading
commercial banking for Rockville which he has done since 2007. He joined Rockville Bank in October
2005 from Liberty Bank, where he was the Vice President and Senior Commercial Real Estate Lender,
in order to start a regional commercial real estate program for the
Bank. Prior to that, he worked at
Mechanics Savings Bank in Hartford, Conn., and BayBank in
Springfield, Mass., in a variety of roles
covering all aspects of commercial banking. Kucia began his career at National Westminster, PLC, in
New York City on a team lending to Fortune 500 companies. He has been a key driver of
Rockvilles commercial banking success since joining the Bank.
John Lund (41), Chief Financial Officer and Treasurer, has been promoted to Executive Vice
President. Prior to joining Rockville Bank, Lund had served as a Bank Examiner and Capital Markets
Specialist with the Federal Deposit Insurance Corporation (FDIC), out
of the Hartford, Conn. office
for 15 years. Hes been in more than 200 different large
and small banks during his career as an
examiner. Lund led the Banks recent second step conversion to a fully public company in the
first quarter of 2011.
The first job of any new CEO is to make sure you are surrounded by the best team you can possibly
assemble, explained
Crawford. When I think about these five individuals, the other members of our management team,
and all of our employees, I am very excited about Rockvilles future. This is a company with a 153
year history of unwavering service to customers and communities. With my Rockville teammates, I
look forward to executing our mission to be Connecticuts
best community bank.
Rockville Bank is a 211/2-branch community bank serving Tolland, Hartford, and New London counties in
Connecticut. It provides a convenient banking lifestyle for Colchester, Coventry, East Windsor,
Ellington, Enfield, Glastonbury, Manchester, Rockville, Somers, South Glastonbury, South Windsor,
Suffield, Vernon, seven days a week in Tolland, and three Big Y supermarket locations. A New Haven
County Commercial Banking Office will be located in Hamden, Conn. to provide an array of commercial
products and services for businesses located in New Haven County and surrounding areas. For more
information about Rockville Banks services and products, call (860) 291-3600 or visit
www.rockvillebank.com.
This press release may contain certain forward-looking statements about the Company.
Forward-looking statements include statements regarding anticipated future events and can be
identified by the fact that they do not relate strictly to historical or current facts. They often
include words such as believe, expect, anticipate, estimate, and intend or future or
conditional verbs such as will, would, should, could, or may. Forward-looking statements,
by their nature, are subject to risks and uncertainties. Certain factors that could cause actual
results to differ materially from expected results include increased competitive pressures, changes
in the interest rate environment, general economic conditions or conditions within the securities
markets, and legislative and regulatory changes that could adversely affect the business in which
the Company and its subsidiaries are engaged.
-END-