Webster CEO named to roundtable board

WATERBURY, Conn. – Webster Financial Corp., the holding company for Webster Bank, says its CEO has been appointed to the board of directors of the Financial Services Roundtable in Washington, D.C.
James C. Smith, who is also Webster’s chairman and president, was appointed for a three-year term.
The Financial Services Roundtable represents 100 of the largest integrated financial-services companies providing banking, insurance, and investment products and services.
“Jim is highly respected by his peers, and a leader in the financial services industry,” said Steve Bartlett, the Roundtable’s president and CEO. “He is well known for his fairness and above all, his integrity. We are honored to have him join our board of directors.”
Smith is also co-chairman of the American Bankers Council, is on the executive committee of the Connecticut Bankers Association and recently completed a three-year term as a member of the board of directors of the Federal Reserve Bank of Boston.
“The Roundtable exists to protect and promote the economic vitality and integrity of its members and the United States’ financial system,” Smith said. “The Roundtable’s leadership will be critically important during the implementation phase of the Dodd-Frank Act regarding regulatory reform. Our nation’s economic recovery will benefit from an American financial system that efficiently and effectively meets the needs of business and consumers for credit, savings, insurance and investment products.”