NEW CANAAN, Conn.--(BUSINESS WIRE)--
The Board of Directors of Bankwell Financial Group, the holding company
for Bankwell Bank, has announced that Madison resident Raymond W.
Palumbo joined the Company’s and Bank’s Boards on October 1, 2014.
Mr. Palumbo is President and Chief Executive Officer at Underwater
Construction Corporation, a Global Company specializing in Commercial
Diving primarily servicing the power generation and infrastructure
sectors, and headquartered in Essex, CT.
Blake Drexler, Executive Chairman of Bankwell Financial Group, notes,
“Ray has extensive experience and background in banking and commercial
lending, and a strong understanding of the New Haven market. I am
confident that in his new capacity as a Bankwell Director, he will
further bolster our ability to effectively grow the bank and support the
needs of the New Haven community.”
Mr. Palumbo previously was Vice Chairman and Audit Committee Chair of
Quinnipiac Bank and Trust. Mr. Palumbo has held positions in banking as
Vice President of Commercial Lending for Webster Bank and Vice President
and CFO of Shoreline Bank and Trust. Mr. Palumbo holds a BS in
Accounting from Quinnipiac University.
Mr. Palumbo, his wife Lisa and their two daughters, Ava and Isla reside
in Madison.
About Bankwell Financial Group
Bankwell is a commercial bank that serves the banking and lending needs
of residents and businesses throughout Fairfield County, CT. For more
information about this press release, interested parties can contact
Blake S. Drexler, Executive Chairman or Ernest J. Verrico, CFO of
Bankwell Financial Group at (203) 972-3838.
For more information, visit www.mybankwell.com.
Bankwell Financial Group
Blake S. Drexler, Executive Chairman
Ernest
J. Verrico, CFO
203-972-3838
Source: Bankwell Financial Group