Financial Corporation Appoints Newtowner President, CEO

NAUGATUCK — Naugatuck Valley Financial Corporation, the holding company for Naugatuck Valley Savings and Loan, announced recently that Newtown resident William C. Calderara was named president and chief executive officer of both the company and the bank.

Carlos S. Batista, chairman of the board of the company and the bank, said, “Bill Calderara is a well-respected and experienced community bank executive and we are extremely pleased that he has joined Naugatuck Valley. On behalf of the Board of Directors, management and employees of Naugatuck Valley, I want to express our appreciation to Sharon Blanchette and Mark Graveline for their dedicated service of co-interim president and chief executive officer.”

Mr Calderara said he was thrilled to be joining Naugatuck Valley and excited about the opportunities it presents.

“The bank operates in great communities, has strong capital and dedicated employees, and a committed and supportive board,” he added. “While some more hard work still lies ahead, I’m confident that all the necessary ingredients are present for the bank to advance and flourish over the long term.”

Mr Calderara has more than 25 years of experience in all aspects of banking and bank management and has held senior executive officer positions at several community banks. He joins Naugatuck Valley from Newtown Savings Bank, where he was chief lending officer with direct management responsibility for commercial lending, small business, loan administration, loan servicing, and risk management.

He directed commercial lending at Ridgefield Bank as its senior vice president – chief lending officer, overseeing all lending activities. he had an expanded role in executive management at Fairfield County Bank, where he was responsible for marketing, sales management, information technology, retail lending, and loan administration.