Joe Campanelli

President and Chief Executive Officer

Needham Bank

Joseph P. Campanelli is the President and Chief Executive Officer of Needham Bank.  He began his banking career at Hartford National Bank and elevated his role to positions of increased responsibility through its successor banks until leaving Fleet Bank to join Sovereign Bank in 1997, progressing to become CEO and Director. Mr. Campanelli played an active role in the branch acquisition and integration that took place when Sovereign Bank acquired the branches that Fleet Financial Group divested after its merger with Bank Boston Corp., which at the time was the largest branch and business divestiture in U.S. banking history. He also served as Chairman, CEO, and Director of Flagstar Bank from 2009-2012. Prior to his employment by Sovereign, Mr. Campanelli spent nearly 20 years serving in a variety of senior and executive positions, overseeing commercial and community activities and problem asset resolution, with both Fleet Financial Group and Shawmut Bank. In his over 30 years of experience, Mr. Campanelli has a history of successfully managing through a variety of economic conditions, with a track record of leading transformational change.

A Wellesley resident, he serves as Chairman and Trustee of Tufts Medical Center and as Trustee of the Boys and Girls Club of Boston. He is the former Chairman and a current Trustee of the Massachusetts Business Roundtable, Advisory Board Member of First Help Financial, former Trustee of Babson College and of Suffield Academy, and former Executive Committee Member of the Greater Boston Chamber of Commerce. Campanelli graduated from Babson College earning a BSBA with High Distinctions and from Suffolk University where he was awarded an Honorary Doctorate of Commerce.

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