Jim Smith is Chairman of the Board of Webster Financial Corporation (NYSE: WBS) and Webster Bank. Jim joined Webster in 1975. He was appointed CEO of the bank and the holding company in 1987 and chairman in 1995. In September 2017 Jim announced his retirement from Webster and was succeeded as CEO by President John Ciulla on January 1, 2018.
Jim serves as vice chairman of the Midsize Banks Coalition of America. He is a past member of the Board of Directors of the American Bankers Association and served as co-chairman of the ABA’s American (Midsize) Bankers Council. He also served on the Board of Directors of the Financial Services Roundtable. Jim served as a member of the Federal Advisory Council, which advises the deliberations of the Federal Reserve Board of Governors, and served on the Board of Directors of the Federal Reserve Bank of Boston. He served on the Board of Directors of the Federal Home Loan Bank of Boston. Jim served on the executive committee of the Connecticut Bankers Association. He served as a director of MacDermid, Inc. (NYSE:MRD) from 1994 until its acquisition in June 2007.
Jim recently served, at Governor Malloy’s appointment, as Co-chairman of the Commission on Fiscal Stability and Economic Growth. He is actively engaged in community service and supports numerous civic organizations, including serving as chairman of the Harold Webster Smith Foundation; general chairman of the Hartford Bishops’ Foundation; serving on the Trinity Health of New England Strategic Planning Committee and formerly as a member of the Saint Mary’s Health System board in Waterbury, Connecticut.