WBS - Webster Financial Corporation

NYSE - NYSE Delayed Price. Currency in USD

Webster Financial Corporation

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

SectorFinancial Services
IndustryBanks - Regional - US
Full Time Employees3,265

Key Executives

NameTitlePayExercisedYear Born
Mr. John R. CiullaPres, CEO & Director2.23MN/A1966
Mr. Glenn I. MacInnesExec. VP & CFO1.07MN/A1961
Mr. Nitin J. MhatreExec. VP & Head of Community Banking795.22kN/A1971
Mr. Charles L. WilkinsExec. VP771.21kN/A1962
Mr. Christopher J. MotlExec. VP & Head of Commercial Banking964.92kN/A1971
Amounts are as of December 31, 2018 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 a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services. This segment also offers relationship banking services for high net worth clients, not-for-profit organizations, and business clients with deposit and loan products; and asset management, financial planning, and trust services. 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 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 company also provides telephone and mobile banking services, as well as through its Website. As of February 21, 2019, it operated 157 banking centers and 316 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 October 4, 2019 is 2. The pillar scores are Audit: 3; 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.