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Webster Financial Corporation (WBS)


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Webster Financial Corporation

145 Bank Street
Waterbury, CT 06702
United States
203-578-2202
http://www.websterbank.com

SectorFinancial
IndustryRegional - Northeast Banks
Full Time Employees3,168

Key Executives

NameTitlePayExercisedAge
Mr. James C. SmithChairman, CEO, Chairman of Webster Bank and CEO of Webster Bank2.23M1.73M67
Mr. John R. CiullaPres, Pres of Webster Bank and Director of Webster Bank971.96k643.35k51
Mr. Glenn I. MacInnesCFO, Exec. VP, CFO of Webster Bank and Exec. VP of Webster Bank874k223.12k55
Mr. Nitin J. MhatreHead of Community Banking, EVP, Head of Community Banking - Webster Bank and EVP of Webster Bank720.22kN/A46
Mr. Daniel H. BleyChief Risk Officer, EVP, Chief Risk Officer of Webster Bank and EVP of Webster Bank660.95k253.91k48
Amounts are as of December 31, 2016 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.

Description

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking. The Commercial Banking segment provides lending, 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, and credit cards to consumers, as well as investment and securities-related services, including brokerage and investment advice through a strategic partnership with LPL Financial Holdings Inc. This segment also provides credit, deposit, and cash flow management products to businesses and professional service firms. The HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions to employers for the benefit of their employees and individuals. The Private Banking segment provides relationship banking services for high net worth clients, not-for-profit organizations, and business clients for asset management, trust, loan, and deposit products and financial planning services. The company also provides its services telephone and mobile banking services, as well as through its Website. As of February 14, 2017, it operated 175 banking centers and 350 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.

Corporate Governance

Webster Financial Corporation’s ISS Governance QualityScore as of June 2, 2017 is 2. The pillar scores are Audit: 10; Board: 3; Shareholder Rights: 3; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.