Bank holding company offering banking, investment, and trust services through its subsidiary, Webster Bank, primarily in Connecticut, New York, Rhode Island, and Massachusetts.
Webster Financial Corporation serves as the bank holding entity for Webster Bank, National Association, delivering a comprehensive suite of banking, investment, and financial services across the United States. Established in 1935 and headquartered in Stamford, Connecticut, the corporation operates through three distinct segments: Commercial Banking, HSA Bank, and Retail Banking.
The Commercial Banking segment of Webster Financial Corporation provides a wide range of services including lending, deposit products, cash management solutions, and treasury services. This segment specializes in commercial and industrial lending, leasing, commercial real estate financing, equipment financing, and asset-based lending. Additionally, it offers wealth management solutions such as trust services, asset management, financial planning, insurance products, retirement planning, and investment products tailored to meet the needs of business owners, operators, and individual consumers.
The HSA Bank segment of Webster Financial Corporation focuses on health savings accounts (HSAs), health reimbursement arrangements (HRAs), flexible spending accounts (FSAs), and commuter services. These products are distributed directly to employers and individual consumers, as well as through partnerships with national and regional insurance carriers, consultants, and financial advisors. The segment aims to provide convenient and flexible healthcare financing solutions to support individuals and employers in managing healthcare expenses efficiently.
The Retail Banking segment of Webster Financial Corporation offers a comprehensive array of consumer banking services including deposit accounts, residential mortgages, home equity lines of credit, secured and unsecured loans, and credit cards. This segment is committed to providing personalized financial solutions and exceptional customer service through its network of branches and digital banking platforms, ensuring accessibility and convenience for its customers nationwide.