Needham Bank Elevates James Daley to Executive Vice President of CI Banking

Needham Bank Elevates James Daley to Executive Vice President

In a significant move aimed at enhancing its leadership in commercial banking, Needham Bank has announced the promotion of James Daley to the role of Executive Vice President and Director of Commercial and Industrial (CI) Banking. This change marks a pivotal moment for the bank, promising to bolster its capacity to offer tailored financial solutions to diverse business clients.

Daley's journey with Needham Bank began in March 2020 when he was appointed as the Director of the bank's Structured Finance team. Under his guidance, the team remarkably expanded, amassing a portfolio of loans exceeding $800 million, alongside nearly $1 billion in financial commitments. Joe Campanelli, the bank's Chairman, President, and CEO, expressed high regard for Daley's contributions, highlighting his role in significantly increasing the bank's business lending relationships across its key markets.

With this new role, Daley will lead efforts to develop customized financial solutions for various business requirements such as expansion, working capital needs, acquisitions, and leveraged buyouts. He emphasized the importance of CI relationships, stating they are fundamental to the growth strategy at Needham Bank. “Our aim is to empower our business customers and commercial borrowers to realize their potential,” Daley said, signaling his commitment to driving these initiatives forward in his expanded capacity.

Before joining Needham Bank, Daley held significant positions in the banking sector, including serving as Senior Vice President Team Leader at Customers Bank, where he managed a substantial portfolio of commercial loans over $300 million. His extensive experience also includes roles at Flagstar Bank, First Trade Union Bank, and Banco Santander. Daley's academic background features a Bachelor of Business Administration from George Washington University, specializing in International Business.

Needham Bank, known for its robust suite of tech-forward products and services, has a rich history dating back to 1892. Dubbed the “Builder’s Bank,” it prides itself on combining the financial expertise of larger institutions with the personal touch of a community bank. The bank continues to serve individuals, businesses, and non-profits, guiding them in building their futures.

As Needham Bank embarks on this new chapter under Daley’s leadership, clients can expect innovative solutions tailored to meet a variety of business needs, solidifying the bank's reputation as a pillar of support in the community. For further details on the bank’s services and philosophy, interested parties can visit Needham Bank’s official website. Needham Bank remains a proud member of the FDIC, ensuring the safety and soundness of its customers' deposits.