Wellesley resident taking reins at Needham Bank in ’17

Wellesley’s Joseph Campanelli will join Needham Bank on Jan. 3 as CEO, succeeding Mark Whalen who is retiring after 35 years in banking.

A Babson College graduate, Campanelli began his banking career at Hartford National Bank, and has since been CEO of Sovereign Bank and Flagstar Bank. He serves as Chairman and Trustee of Tufts Medical Center and as Trustee of the Boys and Girls Club of Boston.

Campanelli joins Needham Bank as the business celebrates its 125th year in business. Needham Bank is a $1.9 billion mutual bank with nine offices serving MetroWest.