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Webster Bank Adds SVP to Commercial Lending Division

September 10, 2018, 07:21 AM

Webster Bank announced Philip Falivene has joined the company as Senior Vice President, Senior Relationship Manager. Falivene is based in the company’s metro New York City commercial lending division, where he assumes responsibility for developing and managing middle-market corporate banking relationships.

Falivene joins Webster from The Bank of New York Mellon, where he spent more than two decades developing a broad background in originating and executing leveraged and non-leveraged commercial loans for a diverse group of corporations, governments, and non-profits.

He has held key roles in syndications, capital markets, relationship management, and risk management, and formerly led the bank’s Public and Not-for-Profit Global Client Management Division and the Sponsor Leveraged Finance Group.

Prior to joining The Bank of New York, Falivene began his career at The Chase Manhattan Bank and received his credit training at Chemical Bank, where he worked in middle-market banking. He has also served as a Managing Director in Sponsor Finance for Orix USA.

A resident of Far Hills, N.J., he received his Bachelor of Arts degree from Colgate University and his MBA from New York University’s Leonard N. Stern School of Business.

Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services.

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