WEBSTER - Webster Five Cents Savings Bank has hired Kathryn Megraw, Senior Vice President, Chief Information Officer. Kate will be providing strategic leadership, direction and management oversight for the Operations department, including the Information Technology, Business Systems, and Deposit Operations departments. Kate will join the senior management team and deliver technology-based solutions that will continue to drive innovation and operational excellence throughout the organization that will benefit Bank customers.

From 2018 until beginning her new role at Webster Five, Kate served as the Chief Information Officer and Chief Operating Officer at New Valley Bank & Trust overseeing their Deposit Operations, Retail Banking, IT/IS and Marketing departments. In addition, she played a significant role in strategizing the digital banking and technology plans for New Valley’s expansion. Prior to her time at New Valley, Kate worked as VP/ Director of Technology Planning and Portfolio Management at United Bank and was responsible for day-to-day operations within the technology department along with managing and facilitating the planning process for enterprise strategic projects.

“We’re very excited to have Kate join the Webster Five team,” stated President and CEO, Don Doyle. “Kate brings an innovative vision to the Bank and will work to position technology and operations to meet the current and future needs of Webster Five and its customers. Kate’s wealth of knowledge in technology and operational excellence will strengthen our Operations department and bring an insightful perspective to our senior management team.”

“I’m thrilled to join Webster Five. I’ve found that the clarity of the Bank’s vision is remarkably compelling and the Bank’s sense of culture and commitment to its customers is paramount and integral to the bank’s success. I look forward to collaborating on new ideas and working to foster an innovative and high-performing infrastructure for Bank operations.” stated Kate Megraw.