What Happened?
South Windsor, CT-based Rockville Bank has Appointed Sam Patel as Chief Technology Officer
About the Company
Rockville Bank is a 22-branch community bank serving Tolland, Hartford, New Haven and New London counties in Connecticut. Rockville Financial, Inc. (Parent Company of Rockville Bank) and United Financial Bancorp, Inc. (Parent Company of United Bank) of West Springfield, Massachusetts announced a strategic merger of equals on November 15, 2013, still pending regulatory and shareholder approval. Rockville Bank recently opened a full-service banking branch in Hamden, Conn.
About the Person
Sam Patel has over 20 years of experience in managing business transformation and technology for Fortune 100 institutions in various industry sectors, including the financial industry. He brings to Rockville Bank a wealth of knowledge and expertise in merger integration, operational efficiency and change management in banking. He is also Six Sigma certified at the Green Belt level. As Chief Technology Officer, Patel will be focused strategically throughout the organization on the development of technology and the implementation of business process improvement. He will lead Rockville's IT team and, pending approval of our merger with United Bank of West Springfield, Massachusetts, he will be responsible for heading up the entire IT team of the combined bank. Patel came to Rockville from a startup bank headquartered in Greenville, South Carolina, where he was Senior Vice President and Chief Information Officer responsible for the core processing platform that supports the bank's Retail, Treasury and Mortgage businesses. In that role, he helped them successfully merge five banks in just two years. A highlight of his career in technology was the senior role he played in the largest bank merger in the United States, the Wells Fargo/Wachovia merger. Patel was the Senior Technology Officer for Wells Fargo - reporting directly to the CIO of Information Services - responsible for helping to run their Integration Office for several lines of business, including consumer lending, branch banking, retail banking, investment banking and others. Prior to Wells, Sam was SVP, Business Technology Executive, Card and Payment Solutions Group at Wachovia and later became SVP, Division Information Officer, Shared Services for General Bank Lending Technology. He also held the position of SVP, Technology Executive for Credit Card, Merchant Services and Business Lending at Bank of America, where he was part of the executive leadership team that focused on the development of the bank's strategic technology roadmap and helped acquire the MBNA and FleetBoston credit card groups. Prior to his experience in technology and integration in the financial industry, Patel was a Senior Manager with Accenture - a management consulting, technology services and outsourcing company - where his responsibilities included project and program management, process design and application development for major projects within metals and mining, oil and natural resources and higher education sectors.
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