On December 29, 2014, United Financial Bancorp, Inc. and United Bank and Scott C. Bechtle announced that they have agreed that Bechtle will retire from his positions at United, primarily Executive Vice President and Chief Risk Officer, effective December 30, 2014. United intends to have Mr. Bechtle's risk oversight responsibilities divided into a credit risks function overseen by Executive Vice President and Chief Credit Officer Mark A. Kucia, and all other risks overseen by Executive Vice President and new Chief Risk Officer Elizabeth "Betsy" Wynnick. United has agreed to treat Mr. Bechtle's retirement as a termination without cause under his Employment Agreement.