Thomas O’Brien & Michael Werenski Retire from United Bank’s Board of Directors
(Glastonbury, Conn., January 15, 2015)
William H.W. Crawford, IV, Chief Executive Officer of United Financial Bancorp, Inc. (NASDAQ: “UBNK”) and United Bank of Glastonbury, Conn., and Robert A. Stewart, Jr., Chairman of United Bank’s Board of Directors and United Financial Bancorp, Inc.’s Board of Directors, today expressed their sincere gratitude to Thomas P. O’Brien and Michael F. Werenski, two longtime Directors who announced their retirement from the Bank’s Board of Directors.
Mr. O’Brien, a resident of Bristol, Conn. and Managing Partner of O’Brien Funeral Home in Forestville, Conn, has been a member of United Bank’s Board of Directors since 1999 and most recently served on the Board’s Audit Committee and Risk Committee. O’Brien previously served on the Board of Directors of New England Bancshares and also on Valley Bank’s Board prior to its acquisition by New England Bank. He remained on the Board of Directors after New England Bank was acquired by United Bank.
Mr. Werenski, a resident of South Hadley, Mass. and President and Treasurer of Marion & Werenski Insurance and Real Estate Agency in South Hadley, has been a Director of United Bank’s Board of Directors since 1991. Werenski remained on the Board over the years as it evolved from United Cooperative, converted to a publicly-traded company, acquired other local banks and underwent a merger of equals with Rockville Bank. Most recently, Werenski served on the Board’s Compensation Committee and Risk Committee.
“Since becoming CEO, I’ve had the wonderful opportunity to get to know our Board members, work closely with them and welcome their input on all matters we take action on together. I’ve relied on Directors like Mike and Tom not only because of their longevity on the Board and their vast business experience but for the institutional knowledge they have coming from different banks and different markets that have been part of United’s transformation over the past several years,” said Crawford. “I want to thank them for their support as I transitioned to United’s CEO and wish them all the best.”
“The success of any Board of Directors hinges on the expertise, dedication and loyalty its members bring to the organization. As Chairman, I’ve been very fortunate to have worked with Mike and Tom and witnessed first-hand the impact they’ve had on United Bank. They stayed on the Board, helped to make it successful and always remained steadfast in their commitment to United Bank,” said Stewart. “It rightfully earned them the utmost respect from other Directors, shareholders, employees and the communities they come from. I can speak for the Board when I say they will be missed.”
Their retirement from the Board was effective December 31, 2014. United Bank will not be filling these vacancies.
About United Bank:
On April 30, 2014, United Bank (established in 1882) and Rockville Bank (established 1858) completed a transformational merger of equals by bringing together two financially strong, independent-minded institutions to create the premier community bank in New England with more than 50 branches in two states and over $5.0 billion in assets. The new United Bank is a state chartered bank headquartered in Glastonbury Conn. with regional offices throughout Connecticut and Massachusetts. For more information on United Bank, please visit www.bankatunited.com