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New Director of Retail Lending

Webster Five Cents Savings Bank has named Darryl Caffee, Esq., as Vice President/Director of the Retail Lending department. Caffee brings six years of banking experience to Webster Five. In this role, he will be responsible for management of the Residential Mortgage and Consumer Lending departments, measuring market potential, operational feasibility, profitability of products and customer needs. He will continue to enhance operational efficiencies of the Retail Lending department by leveraging current technology and providing the highest-quality mortgage/lending customer service.

Caffee most recently held the position of Assistant Vice President, Associate Counsel, at Leader Bank, where he also worked in a variety of management positions in the Retail Lending department. In his most recent position, Caffee was responsible for reviewing legal documents for compliance with portfolio and secondary market guidelines, onboarding secondary market investors, managing the mortgage lender’s compensation program, creating and adapting bank policies, negotiating vendor contracts and assisting in the preparation of bank audits. Caffee spent his prior years studying law and working as a legal clerk, focusing on real estate and civil litigation.

Caffee received his Bachelor’s Degree in political science and philosophy from Lock Haven University before achieving his Juris Doctor degree from the Massachusetts School of Law in 2012. Caffee has been a member of the Massachusetts Bar since 2012. He serves as a board member for Food Link MA in Arlington, Massachusetts, where he acts as compliance officer and a member of the organization’s Governance Committee. Caffee was awarded a Governor’s Citation for excellence in national advocacy in 2012, and has also been featured in The Boston Globe twice for national advocacy.

Webster Five president and CEO Don Doyle said, “We’re happy to welcome Darryl and are confident that he will be an excellent leader of our growing Retail Lending team.”