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Bankwell Financial Group Names CFO

New Canaan, Conn.-based Bankwell Financial Group Inc. named Penko Ivanov CFO and executive vice president of the company and unit Bankwell Bank, effective Nov. 9.  He replaces Ernest Verrico Sr., who is set to retire Jan. 31, 2017. Verrico will serve the company in an advisory role until his retirement.

Prior to joining Bankwell Financial, Ivanov was CFO of Doral Bank‘s U.S. Operations and CFO of Darien Rowayton Bank.