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SHAWMUT BANK HIRES WARREN SMITH TO LEAD URBAN BUSINESS BANKING UNIT IN CONNECTICUT

 HARTFORD, Aug. 16 /PRNewswire/ -- Shawmut Bank today announced that it had named Warren Smith to manage its newly-formed Urban Business Banking Group in Connecticut, effective Aug. 16.
 Smith, 44, joins Shawmut, as a senior vice president, from Boston Bank of Commerce, New England's largest minority-owned bank, where he had been president and chief operating officer since 1990.
 Eileen S. Kraus, president of the Connecticut bank, said "We're delighted to have attracted someone of Warren's caliber and experience to get an important initiative like our Urban Business Banking unit for Connecticut off on the right foot."
 Smith, who was born and raised in New Britain, Conn., said, "I am excited about coming back to Connecticut and leading the newly-created Urban Business Banking Group."
 At Shawmut, Smith will oversee bankers in Hartford, New Haven, Bridgeport, Waterbury, and Stamford whose job it is to provide banking services to small businesses in Connecticut's low-to moderate-income neighborhoods. He will report to Jan Miller, senior vice president in charge of Shawmut's Small Business Banking unit for the tri-state area.
 Smith joined Boston Bank of Commerce in 1984 as senior vice president and senior loan officer. He began his banking career as a corporate analyst for Connecticut Bank and Trust in 1973. He received his Bachelor of Science degree from the University of New Haven in 1972, a Master's degree, ABD, in economics from Atlanta University and a Master's in Business Administration from Babson College in 1979.
 Smith and his wife, Angela, have two sons, Marcus and Michael. Smith will relocate with his family to Glastonbury, Conn.
 -0- 8/16/93
 /CONTACT: Robert L. Guenther of Shawmut Bank, 203-240-1267; or Thomas R. Rice of Shawmut Bank, 203-728-4872/


CO: Shawmut Bank ST: Connecticut IN: FIN SU: PER

JL-CM -- NE014 -- 3064 08/16/93 12:08 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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