Webb named TD Bank’s new regional president for New England

PROVIDENCE — Steven C. Webb has been named TD Bank N.A.’s new regional president for southern New England, which includes Rhode Island and Massachusetts, the New Jersey-based financial institution announced Wednesday.

Webb takes over for Mark Crandall, who was recently promoted to TD Bank’s head of middle market products and services. He will lead the metro commercial and retail banking teams in southern New England and upstate New York.

Webb recently served as the bank’s New Hampshire market president – commercial where he was responsible for the expansion and growth of commercial- and small-business lending, cash management and government banking in the state. He also previously was responsible for TD Banknorth’s commercial division within the Granite State, including credit risk management, cash management, commercial lending, commercial real estate, leasing and health care.

“I am thrilled to fulfill this role and to help drive TD’s strategic direction in Southern New England,” Webb said in a statement. “There is tremendous opportunity in this region and I’m truly humbled to be able to lead this charge.”

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Chris Giamo, TD Bank’s head of commercial bank, said in a statement that Webb’s leadership and strategic mindset are “widely recognized” by the bank and within the New England business community, making him “a clear choice to lead the region.”

“We are confident that Steve, along with the entire Southern New England TD team, will continue to drive growth and market share in this important geography,” Giamo said.

In 2018, TD Bank had a regional market deposit share of 1.2% and $559 million in regional deposits within Rhode Island and Bristol County, Mass., according to the Federal Deposit Insurance Corp. The bank issued 21 small-business loans in Rhode Island, totaling $2.5 million, in the 2018 fiscal year, according to data from the Rhode Island district of the U.S. Small Business Administration.

James Bessette is a PBN staff writer. Email him at Research@PBN.com.

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