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Webster Financial Corp. (WBS)

29.31 Up 0.29(1.00%) Oct 24, 4:04PM EDT
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Webster Financial Corp.
Webster Plaza
145 Bank Street
Waterbury, CT 06702
United States - Map
Phone: 203-578-2202

Index Membership:N/A
Industry:Regional - Northeast Banks
Full Time Employees:2,663

Business Summary 

Webster Financial Corporation operates as the bank and financial holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. The company operates in three segments: Commercial Banking, Community Banking, 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 include government and institutional banking. The Community Banking segment offers deposit and fee-based services, residential mortgages, home equity lines/loans, unsecured consumer loans, credit cards, and investment and securities-related services. This segment also provides insurance and investment products, including stocks and bonds, mutual funds, annuities, and managed accounts; and brokerage and online investing services, as well as cash flow management products. It serves consumer, and business and professional service firms. 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 provides various banking services through 169 banking offices; 309 ATMs; telephone banking; and mobile banking, as well as through Internet. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.

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Corporate Governance 
Webster Financial Corp.’s ISS Governance QuickScore as of Oct 1, 2014 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 2; Compensation: 1.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. James C. Smith , 64
Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of Webster Bank and Chief Exec. Officer of Webster Bank
Mr. Joseph J. Savage , 61
Pres, Pres of Webster Bank and Director of Webster Bank
Mr. Glenn I. MacInnes , 52
Chief Financial Officer, Exec. VP, Chief Financial Officer of Webster Bank and Exec. VP of Webster Bank
Mr. Nitin J. Mhatre , 43
Exec. VP of Community Banking and Exec. VP of Community Banking - Webster Bank
Mr. Daniel Manning Fitzpatrick , 55
Exec. VP of Private Banking and Exec. VP of Private Banking - Webster Bank
Amounts are as of Dec 31, 2013 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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