The chairman and CEO of the bank will be Mario Saradar who was the chairman of NECB
recently began offering several advanced degree programs in the areas of health care management and human resource management, as well as bachelor's degrees in international business and digital marketing.
The agreement, which has been approved by both companies' boards of directors, is subject to approval by regulatory authorities and NECB
shareholders, and may require approval by Webster shareholders.
With the addition of NECB, Webster will have approximately $10 billion in assets, making it the fifth largest New England based bank.
The definitive agreement, which has been approved by both companies' boards of directors, is subject to approval by regulatory authorities and NECB shareholders, and may require approval by Webster shareholders.
Employees whose positions are eliminated at any of the NECB banks will be given preference for open positions in the rapidly growing Webster organization.
Regarding potential branch office consolidation, Brennan said that some offices, either current NECB or Webster locations, would be consolidated because of geographic proximity.
Financed a $340,000 NECB
existing loan on a 2 story walk-up 2 units and 1 retail mixed-use building in the Brownsville section of Brooklyn.
NECB is a fully accredited college that offers online degree programs at the undergraduate and graduate levels.
NECB is committed to innovation in higher education, and this exciting new partnership with KNEXT allows us to offer cutting-edge tools and services to our students," says Howard Horton, President of NECB.
The strategic partnership of KNEXT and NECB provides the opportunity for a large number of current and potential students to translate prior learning into college credit and easily apply those credits to any NECB undergraduate degree program.
A $7,000,000 NECB
existing loan for a 5 year arm, 15 year balloon, 30 year amortization schedule on a 142 unit, (2) 3 story and (1)2 story walk-up in Hartford.