Webster Bank Celebrates Newest Corporate Offices in Southington, Connecticut

Total Page：16

File Type：pdf, Size：1020Kb

Media Contact: Alice Ferreira, 203-610-1521 [email protected] Webster Bank celebrates newest corporate offices in Southington, Connecticut WATERBURY, Connecticut, May 22, 2017 – Webster Bank today held a ribbon-cutting ceremony to celebrate its newest corporate offices in Southington, Connecticut, which consolidate former offices in Wallingford and Cheshire, Connecticut, and house more than 500 bankers. The offices at 200 Executive Blvd. include bankers from Webster’s Community Banking business, including its Customer Care Center, as well as bankers from its Audit, Risk and Compliance teams, and Human Resources training staff. This move creates a string of four Webster corporate hub sites along Interstate 84, stretching from Waterbury to Hartford. It also consolidates all of Webster’s Community Banking offices under the same roof for the first time. Webster was joined at today’s event by several elected officials and community leaders, as well as bankers who work in the building. “This is a statement of our commitment to give our bankers the work environment and tools they need to excel in serving our customers and each other,” said Webster Chairman and CEO Jim Smith. “This is also a recommitment by Webster to our Connecticut roots, the local economy, and its workforce.” In the top photo, from the left: Nitin Mhatre, executive vice president and head of Community Banking at Webster; Louis Perillo, Southington economic development director; Glenn MacInnes, executive vice president and chief financial officer at Webster; and Webster President John Ciulla. In the second photo, Webster Chairman and CEO Jim Smith addresses attendees. In the third photo, the building at 200 Executive Blvd. About Webster Webster Financial Corporation is the holding company for Webster Bank, National Association. With $26.0 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 168 banking centers and 349 ATMs. Webster also provides mobile and Internet banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com. .

Copy Link

Recommended publications

WEBSTER FINANCIAL CORPORATION 2014 Annual Report
WEBSTER FINANCIAL CORPORATION 2014 Annual Report Transforming...Expanding... Growing MARCH 2015 Dear Shareholders, we now rank as the second most efficient bank in our peer group. Since 2010, core operating Webster made meaningful strides along the revenue has increased 14% while core operating path to high performance in 2014 by investing expense has increased just over 1%, resulting capital, resources, and energy in growth in a 7 percentage point improvement in the strategies designed to create value for customers efficiency ratio and a 10-plus percentage point and shareholders alike. In this letter, I’ll discuss gain relative to the peer group median. our progress in pursuit of our goal to be a high performing regional bank as measured by While we’ve been holding expenses relatively financial performance, growth in key customer flat in recent years, the underlying components segments, and customer satisfaction. have shifted meaningfully. Investments in automated and self-service solutions, Multi-year strategic investments in people increasingly preferred by customers, have and technology have enabled Webster to enabled a rebalancing of staffing patterns. For adapt rapidly to the fundamentally changed example, in Community Banking, the level of banking environment. We’ve transformed our staffing atb anking centers is 28% lower than Community Banking and Private Banking in 2010, while other customer-facing revenue models, expanded our Commercial Banking producers, including mortgage bankers, business, and dramatically grown our health business bankers, and investment specialists, savings account business - HSA Bank. Our have increased significantly. Additionally, the strategic choices, coupled with comprehensive enterprise risk management team has grown risk management and relentless expense nearly 40% over that period, as we continually control, have led to strong loan growth, higher bolster our risk management organization, revenue, and solid earnings.
[Show full text]
2020 Webster Financial Corporation Environmental, Social And
WEBSTER FINANCIAL CORPORATION ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2020 Webster at Awards Environmental Social Governance Operating Management Committee a Glance and Recognition Report Report Report and Board of Directors A Letter from THE CHAIRMAN, PRESIDENT AND CEO In 2020 we increased our philanthropy and Community Reinvestment Act (CRA) activities, and sponsored organizations that strengthen the well-being of our cities and towns. We responded to the tremendous demand for basic human needs by expanding our outreach to support distribution of medical supplies, food deliveries and telehealth services. In addition, our values-based bankers pivoted their volunteer efforts to virtual programs, including online mentoring and financial literacy training. At the same time, through our Employee Volunteer Recognition Grant program, we supported more than 200 non-profit organizations Dear Shareholders, selected by our bankers. We marked Webster’s 85th anniversary in 2020, a milestone for the bank in a year that brought unprecedented challenges for our organization and Our ESG efforts are integral to our country. I am proud of what we achieved, but the way we do business. even more proud of our bankers, who supported our ” customers and communities while navigating through a global pandemic. This is our fourth annual Environmental, Social and Beyond those additional societal resources for Governance (ESG) Report and, in addition to COVID-19 relief, we offered our employees flexible highlighting our ongoing dedication to sustainability, work hours and interest-free hardship loans. For our equity and transparency, the Report details our customers, we developed mortgage forbearance, pandemic responses as we supported our loan modification, fee waiver and payment communities in meaningful ways.
[Show full text]
Webster Financial Corporation Environmental, Social and Governance Report 2019 Table of Contents
WEBSTER FINANCIAL CORPORATION ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2019 TABLE OF CONTENTS A Letter from the President and CEO 3 Webster at a Glance 5 2019 Awards and Recognition 6 Environmental Report 7 Social Report 11 Governance Report 26 Operating Management Committee 31 Board of Directors 32 Webster Financial Corporation 2019 | Environmental, Social and Governance Report 2 A Letter from THE PRESIDENT AND CEO Dear Shareholders, I am pleased to present Webster Financial Corporation’s third annual Environmental, Social and Governance (ESG) Report, which details our leadership on sustainability, corporate citizenship, and transparency. In 2019, we made progress with purpose, striving to make a meaningful impact in the communities where we live and work. Consistent with our Webster values, we achieved these results while delivering value to our shareholders. We continue to finance clean energy initiatives and advancements in renewable energy. Within Webster, we have been focused on identifying ways to improve efficiency and reduce our carbon footprint. These sustainability efforts, including energy upgrades to our facilities, have also reduced expenses, resulting in a winning combination for our customers, employees, shareholders and communities. Webster donated more than $5 million to strengthen the well-being of our cities and towns, and to drive economic growth and stability in 2019. We maintained our historically strong support for United Way with a record-breaking employee campaign, resulting in substantial support for community organizations across New England and beyond. We also introduced a new volunteer grant recognition program, which benefited more than 200 qualified non-profits where Webster bankers volunteer. In addition, we continued to fund Community Reinvestment Act grants, particularly for low- and moderate-income individuals as well as consumers and businesses, to promote the continued vitality of our communities.
[Show full text]
Deposit Account Disclosures for Business Accounts TABLE of CONTENTS DEPOSIT ACCOUNT AGREEMENT
Deposit Account Disclosures For Business Accounts TABLE OF CONTENTS DEPOSIT ACCOUNT AGREEMENT . 4 GENERAL TERMS AND CONDITIONS . .5 Account Opening and Verification . 5 How We Communicate with You . .6 Telephone Recording . 6 Privacy, the USA PATRIOT Act, and Opening an Account . 6 Deposits . 6 Deposit Error Correction . 7 Claims . 7 Checks Made Payable to a Business . 7 Withdrawals . .8 Automated Clearing House (“ACH”) . 8 Interest-Bearing Account Information . 9 Interactive Teller Machine (ITM) . 9 Banking Day Cutoff . 9 Abandoned Accounts . 9 Right to Discontinue Accounts . .9 Right to Refuse Any Deposit, to Close Any Account, or to Terminate Account Services . 9 Account Information Services . 10 Agent . 10 Facsimile Signatures . 10 Right of Setoff . 11 Statement Production Date . 11 Statements of Account and Reasonable Care . 11 Security Procedures . 12 What Happens If You Owe Us Money or Cause Us to Sustain a Loss . .12 Fees and Charges . 12 Limits of Liability . 12 Address for Notices . .13 Not Transferable . 13 Confidentiality . 13 Legal Process . 14 Accounts or Services Governed By Special Rules Not Included in this Agreement . 14 Changes to this Agreement . 15 Waivers . 15 Assignment . 15 CUSTOMER REPRESENTATIONS AND WARRANTIES . 15 Valid Business Entity . 15 For Business Purposes Only . 15 Appropriate Business Resolution . 15 CHECKING ACCOUNTS . 15 FDIC Insurance Assessment Monthly Fee . 15 Earnings Credit . 16 Checks . 16 Order of Posting Transactions . 16 Stale Checks . 17 Postdated Checks . 17 Restrictive Legends . 17 Check Imaging . 18 Overdrafts/Insufficient Available Funds . 18 Stop Payments . 18 Preauthorized Drafts . 19 Checking Account Subaccounts . 19 Relationship Pricing . .19 1 SAVINGS ACCOUNTS AND MONEY MARKET ACCOUNTS . 20 Order of Posting Transactions .
[Show full text]
Webster Banker Named to American Bankers Association Foundation Board
Media Contact: Investor Contact: Elaine K. Ficarra, 203-913-2716 Terry Mangan, 203-578-2318 [email protected] [email protected] Webster Banker Named to American Bankers Association Foundation Board WATERBURY, Conn., November 23, 2020 – Webster Bank is pleased to announce Kathy Luria, senior vice president, Community Affairs, director of philanthropy, has been named to the American Bankers Association Foundation Board of Directors. The ABA Community Engagement Foundation, known as the ABA Foundation, is a 501(c)3 corporation. Through its leadership, partnerships and national programs, the foundation supports bankers as they provide financial education to individuals at every age, elevate issues around affordable housing and community development and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities. “Kathy is one of banking's most dedicated and innovative philanthropic leaders,” said Corey Carlisle, ABA Foundation Executive Director. “We are grateful to have her advice and counsel as we provide our industry essential tools and resources to help consumers and communities navigate these unprecedented times.” During her tenure as head of philanthropy and community affairs, Luria has redefined Webster’s corporate giving platform, advanced its groundbreaking work with Junior Achievement and United Way and fostered a vital, bankwide culture of employee volunteerism engagement. In 2019, she was the recipient of the ABA Foundation’s George Bailey Distinguished Service Award for her efforts helping Webster bankers find ways to forge meaningful partnerships and make a real difference in the communities the bank serves. Luria oversees Webster’s annual United Way campaign, which has raised nearly $20 million since she joined the bank in 2006, driving dollars to over 70 United Ways and thousands of agencies across the country.
[Show full text]
Deposit Account Disclosures for Consumer Accounts
Deposit Account Disclosures For Consumer Accounts TABLE OF CONTENTS DEPOSIT ACCOUNT AGREEMENT . 4 GENERAL TERMS AND CONDITIONS . .4 Account Opening and Verification . 4 Account Ownership . 5 Social Security Number, Accurate Name and Address Required . 5 How We Communicate with You . 5 Telephone Recording . .6 Privacy, the USA PATRIOT Act, and Opening an Account. 6 Deposits . 6 Deposit Error Correction . .6 Claims . .7 Checks Made Payable to a Business . 7 Withdrawals . .7 Interest-Bearing Account Information . .7 Banking Day Cutoff . 8 Abandoned Accounts . 8 Check Cashing Policy . 8 Direct Deposit . 8 Automated Clearing House (“ACH”) . .9 Right to Discontinue Accounts . .9 Right to Refuse Any Deposit, to Close Any Account, or to Terminate Account Services. 9 Account Information Services . 9 Agent . 10 Facsimile Signatures . 10 Right of Setoff . 10 Statement Production Date . 11 Statements of Account and Reasonable Care . .11 What Happens If You Owe Us Money or Cause Us to Sustain a Loss . 11 Address for Notices . 12 Joint Ownership Accounts . 12 Tenant In Common Accounts . .13 Not Transferable . 14 Change in Ownership . 14 Power of Attorney . 14 Confidentiality . 15 Legal Process . 15 Accounts Governed by Special Rules Not Included in this Agreement . 15 Trust and Fiduciary Accounts . 16 Changes to this Agreement . 17 Waivers . 18 Assignment . 18 CUSTOMER REPRESENTATIONS AND WARRANTIES . 18 For Personal, Family or Household Purposes Only . 18 CHECKING ACCOUNTS . .18 Checks . 18 Stale Checks . 18 Postdated Checks . 18 Restrictive Legends . 18 Check Imaging . 18 Overdrafts/Insufficient Funds . 19 Stop Payments . 19 Preauthorized Drafts . 20 Order of Posting Transactions . 20 Checking Account Subaccounts . 21 SAVINGS ACCOUNTS AND MONEY MARKET ACCOUNTS .
[Show full text]
Well Positioned Well WEBSTER FINANCIAL CORPORATION
Our mission: To help individuals, WEBSTER FINANCIAL CORPORATION families and businesses achieve their financial goals. Our vision: To rank among the highest performing regional banks in the country. Our values: We take personal The Webster Way responsibility for meeting our customers’ needs. Well Positioned We respect the dignity of every for growth individual. We earn trust through ethical behavior. 2017 REPORT ANNUAL We give of ourselves in the communities we serve. We work together to achieve outstanding results. WEBSTER FINANCIAL CORPORATION 2017 ANNUAL REPORT The Webster symbol is a registered trademark in the U.S. LETTER TO SHAREHOLDERS MARCH 2018 FROM JAMES C. SMITH Dear Shareholders, September 19, 2017 marked the culmination of Webster’s thoughtful, thorough CEO succession planning process. On that day, I announced that I would retire from Webster and transition to non-executive chairman at the end of the year. On January 1, 2018, John Ciulla became chief executive officer, assuming overall management responsibility for Webster Financial Corporation and Webster Bank, and he was elected to the holding company board. Given Webster’s heritage, the Board of Directors and I have long appreciated the importance of orderly CEO succession. We are proud to have selected an internal leader who is a reliable steward of Webster’s values, centered on responsibility, respectfulness, trustworthiness, citizenship and teamwork. John is a gifted strategic thinker whose career has been marked by consistent high performance and guided by principled leadership and admirable personal qualities. He has played a key role in our evolution to a high-performing bank, and with his deep understanding of our business segments and our customers, we are confident that he will lead Webster to new heights.
[Show full text]
Webster Financial Corporation Annual Report 2020
WEBSTER FINANCIAL CORPORATION ANNUAL REPORT 2020 A LETTER FROM the Chairman, President and CEO market conditions and the onset of the pandemic, we stayed committed to our transformational project and accelerated our efforts to position Webster for future growth and success. Our overarching objectives remain: maximizing economic profits over time and building long-term franchise value, as we fulfill our mission to help individuals, families and businesses achieve their financial goals. Throughout the pandemic, we prioritized the safety of our bankers and customers. Dear Shareholders, ” Foremost, I am very proud of our Webster bankers. We are investing in revenue-growth drivers that leverage our Throughout a formidable 2020, they delivered for each other, differentiated businesses. These include launching new, our customers, our communities, and our shareholders. high-potential industry specialties in Commercial Banking In addition to the pandemic’s tragic public health segments, driving HSA growth through enhanced sales consequences, it also has negatively impacted the financial productivity, and developing deeper relationships with health of families and businesses, and created economic business clients and consumers across both our Commercial volatility across a range of industries. Addressing these and Retail Banking and Consumer Lending businesses. challenges has been complicated by a divisive political Through our continuing investments in technology, we are environment and the process of addressing the inflection providing better digital experiences for our customers and point to racial equality. We were tested. And we stayed true bankers and improving customer acquisition and retention to Webster’s enduring commitment to be there for rates. Organizationally, we have opportunities to improve our customers.
[Show full text]
Progress Purpose PHOTO FPO
WEBSTER FINANCIAL CORPORATION ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT 2018 Progress Purpose PHOTO FPO Webster Financial Corporation 2018 Environmental, Social, and Governance Report 2 TABLE OF CONTENTS A Letter from the President and CEO .................................................... 4 Introduction ............................................................................................5 2018 Awards and Recognition ............................................................... 6 Environmental Report: Continued innovation and improvement ......... 9 Social Report: Committed to the communities we serve ..................... 11 Governance Report: Transparent governance policies ...........................21 Webster Financial Corporation 2018 Environmental, Social, and Governance Report 3 A LETTER FROM THE PRESIDENT AND CEO I am pleased to present Webster Financial Corporation’s second annual Environmental, Social, and Governance (ESG) Report. Since our founding, Webster has been a values-guided, community-oriented bank. This approach, which is a key differentiator for Webster, is evident throughout our everyday interactions with our customers and the communities we serve. Our ESG Report highlights Webster’s commitment to being a good corporate citizen, and our leadership on responsible lending, sustainability, diversity and ethical governance. Our record is solid, and we are committed to making meaningful progress going forward. We have invested in energy-efficient solutions for Webster facilities, and we remain active in financing
[Show full text]
Deposit Account Disclosures for Business Accounts
Deposit Account Disclosures For Business Accounts TABLE OF CONTENTS DEPOSIT ACCOUNT AGREEMENT . 4 GENERAL TERMS AND CONDITIONS . .5 Account Opening and Verification . 5 How We Communicate with You . .6 Telephone Recording . 6 Privacy, the USA PATRIOT Act, and Opening an Account . 6 Deposits . 6 Deposit Error Correction . 7 Claims . 7 Checks Made Payable to a Business . 7 Withdrawals . .8 Automated Clearing House (“ACH”) . 8 Interest-Bearing Account Information . 9 Banking Day Cutoff . 9 Abandoned Accounts . 9 Right to Discontinue Accounts . .9 Right to Refuse Any Deposit, to Close Any Account, or to Terminate Account Services . 9 Account Information Services . 10 Agent . 10 Facsimile Signatures . 10 Right of Setoff . 11 Statement Production Date . 11 Statements of Account and Reasonable Care . 11 Security Procedures . 12 What Happens If You Owe Us Money or Cause Us to Sustain a Loss . .12 Fees and Charges . 12 Limits of Liability . 12 Address for Notices . .13 Not Transferable . 13 Confidentiality . 13 Legal Process . 14 Accounts or Services Governed By Special Rules Not Included in this Agreement . 14 Changes to this Agreement . 15 Waivers . 15 Assignment . 15 CUSTOMER REPRESENTATIONS AND WARRANTIES . 15 Valid Business Entity . 15 For Business Purposes Only . 15 Appropriate Business Resolution . 15 CHECKING ACCOUNTS . 15 FDIC Insurance Assessment Monthly Fee . 15 Earnings Credit . 16 Checks . 16 Order of Posting Transactions . 16 Stale Checks . 17 Postdated Checks . 17 Restrictive Legends . 17 Check Imaging . 18 Overdrafts/Insufficient Funds. 18 Stop Payments . 18 Preauthorized Drafts . 19 Checking Account Subaccounts . 19 Relationship Pricing . .19 SAVINGS ACCOUNTS AND MONEY MARKET ACCOUNTS . 20 Order of Posting Transactions . 20 Transfers and Electronic Payments .
[Show full text]
Webster Financial Corporation Is the Holding Company for Connecticut
23816/34840COVERS/bluebkgd 3/24/99 3:30 PM Page FC1 build shareholdershareholder valuvalue. 1998 23816/34840COVERS/bluebkgd 3/24/99 3:30 PM Page IFC1 1 The Webster Way 2 Financial Highlights 3 Letter to Shareholders 6 Corporate Initiatives 8 Directors and Senior Management Group 10 Consumer and Small Business Banking 12 Business Banking 14 Mortgage Banking 16 Trust and Investment Management 18 Insurance 20 Glossary of Terms 21 Management’s Discussion and Analysis 32 Consolidated Statements of Condition 33 Consolidated Statements of Income 34 Consolidated Statements of Shareholders’ Equity 35 Consolidated Statements of Comprehensive Income 36 Consolidated Statements of Cash Flows 38 Notes to Consolidated Financial Statements 64 Management’s Report and Independent Auditors’ Report 65 Shareholder Information 67 Webster Bank Locations Hartford Corporate Profile Waterbury Webster Financial Corporation is the holding company for Connecticut- based Webster Bank. The company has grown steadily and profitably by emphasizing customer service, asset quality, recurring earnings and expense New Haven control. Recent acquisitions have strengthened Webster’s franchise as a full- service retail and business bank. Webster is organized along five business Bridgeport lines — consumer, business, mortgage, trust & investments, and insurance — each focused on the needs of our customers. By helping customers reach Stamford their financial goals, Webster builds strong, lasting relationships that create shareholder value. Pro forma with the pending acquisitions of Maritime Bank & Trust Company and Village Bancorp, Inc., Webster will have approximately $9.3 billion in assets and 115 full-service offices combined with an extensive ATM network throughout Connecticut. Webster’s Access National Mortgage, Inc. subsidiary originates low-cost mortgages over the Internet.
[Show full text]
Webster Bank, N.A. Charter Number: 24469
O LARGE BANK Comptroller of the Currency Administrator of National Banks Washington, DC 20219 Public Disclosure May 1, 2006 Community Reinvestment Act Performance Evaluation Webster Bank, N.A. Charter Number: 24469 Webster Plaza Waterbury, CT 06702 Office of the Comptroller of the Currency Midsize Banks Supervision Suite 2700 One Financial Place 440 South LaSalle Street Chicago, Il 60605 NOTE: This document is an evaluation of this institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operation of the institution. This evaluation is not, and should not be construed as, an assessment of the financial condition of this institution. The rating assigned to this institution does not represent an analysis, conclusion, or opinion of the federal financial supervisory agency concerning the safety and soundness of this financial institution. Charter Number: 24469 Table of Contents OVERALL CRA RATING..........................................................................................................................................2 DEFINITIONS AND COMMON ABBREVIATIONS...............................................................................................3 DESCRIPTION OF INSTITUTION ...........................................................................................................................7 SCOPE OF THE EVALUATION...............................................................................................................................9
[Show full text]