Attached files
file | filename |
---|---|
8-K - FORM 8-K - Rockville Financial Inc. | y88932ae8vk.htm |
EX-1.1 - EX-1.1 - Rockville Financial Inc. | y88932aexv1w1.htm |
EX-10.15 - EX-10.15 - Rockville Financial Inc. | y88932aexv10w15.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
MEDIA CONTACT: LAURA SOLL, PUBLIC RELATIONS (860) 688-4499 or (860) 833-4466 cell
MEDIA CONTACT: LAURA SOLL, PUBLIC RELATIONS (860) 688-4499 or (860) 833-4466 cell
ROCKVILLE BANK (CONN.) NAMES WILLIAM H. W. BILL CRAWFORD, IV
TO SUCCEED PRESIDENT & CEO WILLIAM J. McGURK IN APRIL
Crawford Joins Bank as Senior Executive Vice President
TO SUCCEED PRESIDENT & CEO WILLIAM J. McGURK IN APRIL
Crawford Joins Bank as Senior Executive Vice President
ROCKVILLE, CONN., January 3, 2011 William H. W. Bill Crawford, IV, a longtime banking
executive at Wells Fargo & Company, has been chosen to be the next President and Chief Executive
Officer of Rockville Bank and Rockville Financial, Inc. (NASDAQ Global Select Stock Market: RCKB)
of Rockville, Conn. The announcement was made today by the Banks Board of Directors. Rockville
Bank is a 211/2-branch community bank serving Tolland, Hartford and New London counties in
Connecticut. The 153-year-old financial institution holds $1.6 billion in assets.
Crawford joins Rockville Bank as its Senior Executive Vice President, effective immediately. He
will succeed current Rockville Bank President and CEO William J. McGurk when McGurk officially
retires from that position at the companys Annual Board Meeting on April 26, 2011. McGurk then
will continue to serve as a member of Rockville Banks Board of Directors for at least two more
years.
Bill Crawford is a banking executive with a 23-year career at Wells Fargo & Company and its
predecessor banks, Wachovia and SouthTrust. During the past decade, he has managed a variety of
major responsibilities for the corporation, leading all major lines of business for multi-billion
dollar regional banking operations in North Carolina, Virginia and Florida. For the past three
years, he has led commercial banking groups and product specialist teams, focused on serving
publicly traded and large private companies in Virginia.
Crawford comes to Rockville Bank from the position of Regional Vice President, Eastern Virginia
Commercial Banking, Wells Fargo Bank, N.A (WFC, a public company) based in Norfolk, Va. Prior to
this, he was Executive Vice President, Commercial Banking Group, Wachovia, a Wells Fargo Company
based in Norfolk, Va. Before that, he was the companys Regional President/Executive Vice President
for Piedmont, North Carolina, a region that included the corporate headquarters city,
Winston-Salem. Earlier, Crawford was an executive at SouthTrust Corp., first as Chief Executive
Officer of the Banks Southeast Florida region, which included Miami, Fort Lauderdale, and West
Palm Beach.
I am honored to join Rockville Bank, said William H. W. Bill Crawford, IV. This is a bank that
truly has stood the test of time since 1858. Under Bill McGurks stewardship, Rockville Bank has
remained focused on the needs of customers and communities and delivered consistently strong
financial performance. I look forward to working with the entire team to continue this tradition.
Bill Crawford and I will work together to continue to provide the kind of quality that our
customers expect and deserve, explained William J. McGurk, President and CEO of Rockville Bank.
Rockville Banks values will remain the same, as will our superior customer service and our pledge
to remain an independent community bank. We look to continue our strong financial performance, high
levels of capital, ample liquidity and solid asset quality. We will maintain our extensive
community involvement, and make sure that our products and services will continue to make our
customers lives easier.
Our Board is confident that Bill Crawford will continue our mission to be Connecticuts best
community bank by providing superior customer service to individuals, families, professionals, and
businesses in our market area, stated
Raymond H. Lefurge, Jr., Chairman of Rockville Banks Board of Directors. We welcome him to the
Rockville Bank family.
Crawfords former boss, Wallace D. Malone, Jr., the former Chairman and CEO of the $53 billion
SouthTrust Corp., added, Bill Crawford did a great job for us at SouthTrust in North Carolina and
Florida. He has a keen understanding of how we operated the business, served customers and
communities, and created shareholder value.
Crawford has been active as a director or trustee for numerous education, arts and economic
development-focused community organizations in North Carolina, Florida and Virginia. This includes
recently serving as a Trustee of the Virginia Foundation for Independent Colleges, Director of
Tidewater Community College Foundation Board, Trustee of the Greensboro College, Director of
Historical Museum of Southern Florida and Chairman of the Wachovia Charitable Foundation for
Eastern Virginia. In 2010, he coached Virginia Beach Little League Spring Ball, All Stars, and
Fall Ball teams.
The native of Williamsburg, Va. is a graduate of The College of William and Mary in Williamsburg,
Va. with a degree in Economics. He will live in Connecticut with his wife, Elizabeth, and their two
children.
Rockville Bank is a 211/2-branch community bank serving Tolland, Hartford and New London counties in
Connecticut. It provides a convenient banking lifestyle for Colchester, Coventry, East Windsor,
Ellington, Enfield, Glastonbury, Manchester, Rockville, Somers, South Glastonbury, South Windsor,
Suffield, Vernon, seven days a week in Tolland, and three Big Y supermarket locations. On December
30, 2010, the Bank announced that Rockville Financial Inc. received regulatory approval to commence
the second step stock reorganization from the current two-tier mutual holding company structure it
adopted in 2005 to a stock holding company structure. For more information about Rockville Banks
services and products, call 860-291-3600 or visit www.rockvillebank.com.
A registration statement relating to these securities has been filed with the United States
Securities and Exchange Commission. This press release is neither an offer to sell nor a
solicitation of an offer to buy common stock. The offer will be made only by means of the written
prospectus forming part of the registration statement (and, in the case of the subscription
offering, an accompanying stock order form).
Existing Rockville Financial has filed a proxy statement/prospectus concerning the conversion with
the SEC. Shareholders of Existing Rockville Financial are urged to read the proxy
statement/prospectus because it contains important information. This release is not
proxy-soliciting material. Investors are able to obtain all documents filed with the SEC by
Existing Rockville Financial and New Rockville Financial free of charge at the SECs website,
www.sec.gov. In addition, documents filed with the SEC by Existing Rockville Financial and New
Rockville Financial are available free of charge from the Corporate Secretary of Existing Rockville
Financial at 1645 Ellington Road, South Windsor, Connecticut 06074, Attention: Judy Keppner Clark.
The directors, executive officers, and certain other members of management and employees of
Rockville Financial, Inc. are participants in the solicitation of proxies in favor of the
conversion from the shareholders of Existing Rockville Financial. Information about the directors
and executive officers of Existing Rockville Financial is included in the proxy
statement/prospectus filed with the SEC.
The shares of common stock are not savings accounts or savings deposits, may lose value, and are
not insured by the Federal Deposit Insurance Corporation or any other government agency.
-End-