James C. Smith is the Chairman, President, Chief Executive Officer of Webster Financial Corporation, based in Waterbury, CT. Mr. Smith joined Webster Bank in 1975, and was elected President, Chief Operating Officer and a director of Webster Bank in 1982 and of Webster in 1986. Mr. Smith served as President of Webster and Webster Bank until 2000, and was again elected President in 2008. Mr. Smith is a member of board of directors of the Financial Services Roundtable based in Washington, D.C. He is also co-chairman of the American Bankers Council (American Bankers Association Mid-Cap Banks) and on the executive committee of the Connecticut Bankers Association. He is a past member of the Federal Advisory Council, which advises the deliberations of the Federal Reserve Board of Governors, and recently completed a three-year term as a member of the board of directors of the Federal Reserve Bank of Boson. He is a past member of the board of directors of the American Bankers Association and of the Federal Home Loan Bank of Boston, where he served as chair of the finance committee. He is a director of St. Mary's Hospital and the Palace Theater, both of Waterbury, Connecticut, and was a director of MacDermid, Incorporated (NYSE:MRD) until it was sold in June 2007. Mr. Smith is Chairman of the Executive Committee. Mr. Smith holds an AB degree from Dartmouth College.
This home is situated on 100.18 acres, and this parcel falls under public act 490. Any parcels under public act 490 will have a much lower assessed value than 70%. The new Colonial style home has a total of 9,977 square feet of living space. The home has 4 bedrooms, 5 full bathrooms, and 2 half bathrooms. The gross area of the home is 23,952 square feet, making it one of the largest homes in the town and the surrounding area. The current appraised value of the home is $3,473,714, according to public records, making it one of the most expensive homes in the town of Middlebury, CT.