Marino J. Santarelli to Leave from United Financial Bancorp, Inc. and United Bank as Executive Vice President and Chief Operating Officer, Effective December 16, 2015
October 26, 2015 at 04:08 pm EDT
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United Financial Bancorp, Inc. and United Bank and Marino J. Santarelli announced that they have agreed that Santarelli will leave his positions at United, primarily Executive Vice President and Chief Operating Officer, effective December 16, 2015. United intends to eliminate the Chief Operating Officer position and has agreed to treat Mr. Santarelli's departure as a termination without cause under his Employment Agreement.
United Financial Bancorp, Inc. is a bank holding company. The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services. The Company's operations include the delivery of loan and deposit products to customers. Personal and business banking customers also bank with the Company online through its Website at www.bankatunited.com, as well as its mobile and telephone banking channels. The Company originates commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one- to four-family residences, home equity lines of credit and fixed rate loans and other consumer loans. The principal lending activity of the Bank is to originate loans secured by first mortgages on one- to four-family residences.
Marino J. Santarelli to Leave from United Financial Bancorp, Inc. and United Bank as Executive Vice President and Chief Operating Officer, Effective December 16, 2015
UNITED FINANCIAL BANCORP, INC. 