A new President and CEO of Savings Bank of Danbury has been appointed. Martin Morgado has been with the bank for the past 15 years, and worked in Danbury at another local bank for 25 years. Morgado was elected on Tuesday as President and CEO. He says he received a lot of well wishes from employees, the Board of Directors and others in the community. He says technology is a very important part of what they do, and they try to stay in the forefront of.
Hal Wibling became interim President in mid-December when former bank President Kathleen Romagnano resigned and moved on. He ran the bank for 20 years prior to that, having retired only three years before taking on the interim position. Wibling has now returned to his role as Chairman, and says he's excited to be retired once again.
Wibling says Morgado was a logical choice as the news President and CEO. He was appointed Chief Operating Officer earlier this year, and Wibling says he performed exceptionally well.