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Webster Financial Corp. (WBS)

-NYSE

23.33 May 22, 4:05PM EDT

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Webster Financial Corp.
Webster Plaza
145 Bank Street
Waterbury, CT 06702
United States - Map
Phone: 203-578-2202
Website: http://www.websteronline.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Regional - Northeast Banks
Full Time Employees:2,730

Business Summary 

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses primarily in southern New England and Westchester County, New York. The company operates through four segments: Commercial Banking, Retail Banking, Consumer Finance, and Other. The Commercial Banking segment provides deposit and cash management services to middle market companies; and asset-based lending, commercial real estate, and equipment finance, as well as treasury and payment services, which includes government and institutional banking. The Retail Banking segment offers consumer deposits; credit and deposit-related products targeted to small businesses and professional service firms; Internet and mobile banking services; and investment and securities-related services, including brokerage and investment advice through a strategic partnership with LPL Financial. This segment also provides a range of insurance and investment products, including stocks and bonds, mutual funds, annuities, and managed accounts, as well as brokerage and online investing services. This segment operates a distribution network of 167 banking offices and 293 owned ATMs. The Consumer Finance segment offers residential mortgages, home equity loans and lines of credit, and unsecured personal loans, as well as credit card options. The Other segment operates as a bank custodian of health savings accounts; and provides private banking services, such as asset management, trust, loan and deposit products, and financial planning services to high net worth clients, not-for-profit organizations, and business clients. The company was founded in 1935 and is headquartered in Waterbury, Connecticut.

Key Statistics


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Corporate Governance 
Webster Financial Corp.’s ISS Governance QuickScore as of May 1, 2013 is 2. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 4; Compensation: 3.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. James C. Smith , 63
Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of Webster Bank and Chief Exec. Officer of Webster Bank
2.70M0.00
Mr. Gerald P. Plush , 54
Pres, Chief Operations Officer of Webster Bank, Chief Operating Officer, Pres of Webster Bank and Director of Webster Bank
1.21M0.00
Mr. Glenn I. MacInnes , 51
Chief Financial Officer, Exec. VP, Chief Financial Officer of Webster Bank and Exec. VP of Webster Bank
721.00K0.00
Mr. Joseph J. Savage , 60
Exec. VP of Commercial Banking and Exec. VP of Commercial Banking - Webster Bank
713.00K0.00
Mr. Gregory S. Madar , 50
Chief Accounting Officer, Sr. VP, Chief Accounting Officer of Webster Bank N.A and Sr. VP of Webster Bank N.A
N/AN/A
Amounts are as of Dec 30, 2012 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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