Today we are going to talk about Webster Bank, a topic that has generated great interest and debate in recent times. Webster Bank is an issue that affects people of all ages, genders and social classes, and its impact is felt in different aspects of daily life. As we continue to explore the different aspects of Webster Bank, it is important to keep in mind its relevance and how it can influence our lives. In this article, we are going to delve into the different aspects of Webster Bank, analyze its implications and provide useful information to better understand this topic. So join us on this journey of discovery as we explore more about Webster Bank and its importance in our society!
Company type | Public company |
---|---|
Industry | Finance |
Founded | 1935Waterbury, Connecticut | in
Headquarters | Stamford, Connecticut, U.S. |
Key people | John R. Ciulla, President and CEO James C. Smith, Chairman |
Products | Banking |
Revenue | US$1.20 billion (2019) |
Number of employees | Approximately 3,400 |
Website | websterbank |
Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester County, New York; and New York City.
Webster was founded in 1935 by Harold Webster Smith as the First Federal Savings of Waterbury in Connecticut. Only 24 years old, Smith borrowed from family and friends to found the lending institution providing home loans to Connecticut citizens. He served as CEO until 1987 and as chairman of the board until 1995 when First Federal was renamed Webster Bank in his honor.
Among milestones in Webster's history:
Webster Financial Corporation is the holding company for Webster Bank, N.A. and Webster Insurance. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corporation, Webster Capital Finance, and provides health savings account trustee and administrative services through HSA Bank of Sheboygan, Wisconsin, a division of Webster Bank.
In 2015, Webster Bank had over $24 billion in assets and a market capitalization of over $3 billion. Its network included over 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; and Westchester County, New York.
After the $5 billion USD 2022 merger with Sterling, assets rose to $65 billion, with 202 branches, 380 ATMs, and a larger presence throughout the metropolitan New York city area, including New Jersey.