Webster Bank Names Leader of New Treasury Services Group

WATERBURY, Conn., May 8, 2012 /PRNewswire/ -- Webster Bank, a leading bank serving businesses and consumers from Westchester County, N.Y. to Boston, Mass., today announced the hiring of Philip C. Picillo as senior vice president, Treasury Services. 
Previously, Picillo served as senior vice president at SunTrust Bank.  Prior to that, he was senior vice president at Sovereign Bank. Picillo started his banking career at Bank of Boston.
"Phil has a wealth of experience in treasury services and a proven track record to oversee Webster's already strong suite of services," said Joseph J. Savage, executive vice president, Commercial Banking at Webster Bank.  "Our business customers are seeking solutions to help them with liquidity management, investment and interest rate protection services, and a sophisticated fraud prevention product suite.  Having Phil on board demonstrates Webster's commitment to serving our commercial banking customers."
Treasury Services integrates cash management sales, product management, treasury sales, and government and institutional banking to deliver holistic, cohesive solutions to Webster's business and institutional customers.
Picillo will be based in Hartford, Conn.  He earned his Bachelors degree in Accounting from Bentley University, his M.B.A. from Farleigh Dickinson University, and his J.D. from Massachusetts School of Law.  He was a board member and past President of the Treasury Management Association of New England and a current member of the Association for Financial Professionals.

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