Joseph P. Campanelli is Needham Bank’s new chief executive officer, succeeding Mark Whalen who announced his retirement earlier this year.

Campanelli brings a wealth of industry knowledge and industry experience to the Needham Bank Team. He began his banking career at Hartford National Bank and progressed 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. He also served as Chairman, CEO, and Director of Flagstar Bank from 2009-2012.

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.

Needham Bank is a $1.9 billion mutual bank with nine offices serving MetroWest.