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June 13, 2024

Webster Five CEO to retire; Worcester native to take over leadership in 2025

A man with salt-and-pepper hair wears a blue shirt and suit while smiling at the camera. Photo | Courtesy of Webster Five Don Doyle, president and CEO of Webster Five

Webster Five President and CEO Don Doyle will retire from his roles at the community bank on July 1, 2025, with current CFO and Chief Operating Officer Brian Westerlind set to replace him. 

Doyle has been at Auburn-based Webster Five for 20 years, having spent nine years as the firm’s leader, according to a press release issued by the bank on Thursday.

“It has been a great honor to spend the second half of my career at Webster Five,” Doyle said in the press release. “This is not a job that can be done alone, and I am lucky to have worked alongside some of the most dedicated, innovative, and passionate professionals in the industry. Together we have achieved remarkable results, and I am excited to see Brian continue Webster Five’s growth and success journey.”

Doyle led the firm through the COVID-19 pandemic and the move to the firm’s new headquarters in Auburn, which was completed in July 2021. He started his banking career at Mechanics Bank in Worcester in 1985.

Doyle is a member of the 2024 WBJ Power 100.

Doyle’s replacement, Westerlind, is a Worcester native who joined Webster Five as its CFO in 2010. A member of the boards of the Worcester Community Action Council and the Worcester Regional Chamber of Commerce, Westerlind graduated from Providence College in Rhode Island with a bachelor’s degree in accounting, according to his LinkedIn profile.

“Brian’s commitment to excellence, the mission of Webster Five and the communities where we do business is testament to his selection and approval as the next president and CEO of the company,” Stephen Charniak, chairman of the board for Webster Five, said in the press release. “The Board members of the Bank are thrilled to elevate Brian to the next level of leadership and what it means for the future of Webster Five and we thank Don for his dedication over the past two decades.”

Webster Five has assets of $1.1 billion, according to Federal Deposit Insurance Corp. data. It is the 14th largest bank in Central Massachusetts when ranked by local deposits, according to the WBJ Research Department.

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