NEEDHAM, Mass., Aug. 21, 2025 /PRNewswire/ -- Needham Bank announced the promotion of James Daley from Director of the Bank's Structured Finance team to Executive Vice President, Director of Commercial and Industrial (C&I) Banking, which provides an array of financial tools and solutions to Structured Finance, Middle Market and Small Business clients.

Daley joined Needham Bank in March 2020 to establish the Structured Finance team. During his tenure, the team grew its portfolio of loans to more than $800 million, with nearly $1 billion in commitments.

"James Daley has been a tremendous asset to our team at Needham Bank. His leadership of Structured Finance dramatically expanded our portfolio of business lending relationships in all our key markets," said Joe Campanelli, Chairman, President and Chief Executive Officer of Needham Bank. "We are very pleased to welcome him to the Senior Leadership team as Executive Vice President." 

Our C&I teams specialize and excel in creating customized financial solutions for business expansion, working capital needs, acquisition plans, new projects and leveraged buyouts. Daley has also spearheaded the growth of Needham Bank's customer relationships in several commercial and specialty markets throughout the region.

"C&I relationships are a core driver of growth at Needham Bank and will continue to be a key part of our strategy moving forward," said Daley. "We help our business customers and commercial borrowers build successful enterprises, and I'm eager to lead those efforts in this expanded role."

Prior to joining Needham Bank, Daley was an SVP Team Leader at Customers Bank, managing a portfolio of commercial loans totaling over $300 million. He also managed commercial loan portfolios and served as a credit analyst at other institutions including Flagstar Bank, First Trade Union Bank and Banco Santander (Sovereign Bank). He received a Bachelor of Business Administration from George Washington University with a concentration in International Business. 

About Needham Bank:
Needham Bank offers an array of tech-forward products and services that businesses and consumers use to manage their financial needs. We have the financial expertise typically found at much larger institutions and the local knowledge and commitment you can only find at a community bank. Known as the "Builder's Bank," Needham Bank has been helping individuals, businesses and non-profits build for their futures since 1892. For more information, please visit https://NeedhamBank.com. Needham Bank is a member of the FDIC.

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SOURCE Needham Bank