WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02

Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On March28, 2017, Western New England Bancorp, Inc. (the Company)
and Westfield Bank (the Bank) appointed Guida R. Sajdak as
Executive Chief Financial Officer and Treasurer of the Company
and the Bank, effective as of April24, 2017. Leo R. Sagan,Jr.,
Chief Financial Officer and Treasurer of the Company and the
Bank, will continue to serve until such date, at which time
Mr.Sagan will transition to the role of Chief Risk Officer and
Senior Vice President of the Company and the Bank.

Ms.Sajdak, age 44, has served as the Executive Vice President and
Chief Risk Officer of the Company and the Bank since October
2016, following consummation of the mergers of Chicopee Bancorp,
Inc. (Chicopee) and Chicopee Savings Bank (Chicopee Bank) with
and into the Company and the Bank, respectively. Previously,
Ms.Sajdak served as the Senior Vice President and Chief Financial
Officer and Treasurer of Chicopee and Chicopee Bank where she
held the position since 2010. Mrs.Sajdak served in various
positions at Chicopee Bank since 1989, including as Internal
Auditor and Commercial Lender.

There are no arrangements or understandings between Ms.Sajdak and
any other person to which Ms.Sajdak was selected to serve as
Chief Financial Officer and Treasurer of the Company and the
Bank. There are no family relationships between Ms.Sajdak and any
director or executive officer of the Company or the Bank. There
has been no transaction nor are there any proposed transactions
between the Company, the Bank and Ms.Sajdak that would require
disclosure to Item404(a) of Regulation S-K.

The Companys press release announcing Mr.Sajdaks appointment is
filed herewith as Exhibit 99.1 and is incorporated herein by
reference.

Biographical information with respect to Mr.Sagan is contained in
the Companys definitive proxy statement for the 2016 annual
meeting of shareholders filed with the Securities and Exchange
Commission (the SEC) as Amendment No.2 to the Companys
Registration Statement on Form S-4 on August5, 2016, and is
incorporated herein by reference. In connection with his new
role, on March28, 2017, Mr.Sagan entered into amendments (the
Amendments) to his employment agreements with the Company and the
Bank filed as Exhibits 10.15 and 10.16 to the Companys Current
Report on Form 8-K, filed with the SEC on January5, 2009 (the
Employment Agreements). The Amendments to Mr.Sagans Employment
Agreements amend his title to Chief Risk Officer and Senior Vice
President.

Item9.01. Financial Statements and Exhibits.

(d)Exhibits.

Exhibit

Number

Description

99.1 Press Release dated April 3, 2017.


About WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB)

Western New England Bancorp, Inc., formerly Westfield Financial, Inc., is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products. It focuses on residential real estate lending, as well as servicing commercial customers, including commercial and industrial lending and commercial deposit relationships. In addition, it provides online banking services. It operates through over 21 banking offices located in Agawam, Chicopee, East Longmeadow, Feeding Hills, Holyoke, Ludlow, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts, and Granby and Enfield, Connecticut. It also has over 10 automated teller machine (ATM) locations in Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts.

WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) Recent Trading Information

WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) closed its last trading session down -0.10 at 10.40 with 216,671 shares trading hands.