Webster Bank, National Association is a nationally chartered bank with locations in five US states, which are Connecticut, Massachusetts, Rhode Island, New York and Wisconsin. The headquarters is located in Waterbury, CT. It has emerged as a leading regional commercial bank of the nation with $18 billion in assets. The financial services being offered here can be categorized into retail banking, commercial banking, and consumer finance. It also provides banking solutions to public entities and not-for-profit organizations.
Many subsidiaries exist that help the bank provide an array of products and services, such as investment management, private banking, trust services, health savings account (HSAs), business lending and credit solutions, asset management and equipment finance services. These subsidiaries include Webster Investments, HSA Bank, Webster Business Credit Corporation, and Webster Capital Finance, Inc.
Webster Bank has a retail banking customer base of nearly 400,000 individuals and small businesses in the areas where it serves. Under personal banking services the bank offers checking & savings accounts, money market, CDs, IRAs, HSAs, debit cards, and more. Webster online banking can be availed for 24 hours banking experience. One can even bank on the go with Webster’s mobile banking solutions.
The lending solutions to individuals include mortgages, home equity loans & lines of credit, home improvement loans, and personal loans. The mortgage products are available at both fixed and adjustable rates and there are also solutions for jumbo loans and construction and government assisted mortgages. The bank came into existence in 1935 as First Federal Savings of Waterbury, which was also known as Harold’s Bank at that time. The bank adopted the current name in 1995.
|Bank Name||Webster Bank, National Association|
|Year of Establishment||1/1/1870|
|FDIC Insured Since||07-01-60|
|FDIC Certificate No||18221|
|Number of Branches||168 domestic + 1 foreign|
|Number of ATMs||473|
|Number of Employees||2,740|
|Number of States Served||5 States|
|Services Offered (Available Accounts)||Checking, Savings, Debit Cards, CDs, IRAs, HSAs,|
|Mobile and Online Banking||Account Balance, Bill Pay, Statements, Mobile Banking,|
|Assets (June 30, 2014)||21,501,553|
|Deposits (June 30, 2014)||15,474,183|
|Equity Capital (June 30, 2014)||2,219,399|
|Net Income (June 30, 2014)||52,203|
|Primary Federal Regulator||Office of the Comptroller of the Currency|
|Address||Webster Plaza, Waterbury,CT 06702|
(Courtesy: FDIC as on June 30, 2014)