Webster Five Cents Savings Bank

Shortly after Webster Five promoted its CFO Brian Westerlind to president and CEO, the Auburn-based bank has named his successor.

Brian Westerlind has taken on the role of leading Webster Five bank, following the July 1 retirement of President & CEO Don Doyle.

The new branch saw Webster Five partner with Artlifting, an organization that connects disabled artists with professional opportunities.

Webster Five will have a new chief operating officer, as the Auburn-based bank has promoted employee Kate Gallo Megraw, effective Monday.

The most straightforward analysis of the rate reduction is it’s good news for people and businesses who are either looking to borrow or who are already paying down debt.

Employees at Glickman Kovago & Jacobs, Fidelity Bank, and Walker Development & Construction Management are on the move.

“It has been a great honor to spend the second half of my career at Webster Five,” Doyle said in the press release. “This is not a job that can be done alone, and I am lucky to have worked alongside some of the most dedicated, innovative, and passionate professionals in the industry."

While generally supportive of the new rule, the lending industry is concerned about the onus the new requirements put on banks.

Central Massachusetts professionals are getting hired and promoted at companies like Mechanics Hall, Mirick O'Connell, MutualOne Bank, and Bowditch & Dewey.

Webster Five is heading its 156th year of operation with some fresh faces in leadership.