September 26, 2016 2:15 AM ET

Banks

Company Overview of Webster Bank, N.A.

Company Overview

Webster Bank, N.A. provides financial services to individuals, families, and businesses in Connecticut. It offers personal banking products and services, including checking, savings, and health savings accounts, as well as CDs; reorder checks, online banking, mobile banking, overdraft services, military banking benefits, and ATM banking services; lending solutions, such as home equity loans and lines of credit, personal and student loans, and overdraft protection services, as well as credit cards and mortgage services; and investment products and services. The company also provides business banking products and services, which include checking and savings accounts and credit cards; commercia...

137 Bank Street

Waterbury, CT 06702

United States

Founded in 1870

Phone:

203-578-2230

Fax:

203-578-2507

Key Executives for Webster Bank, N.A.

Chairman, Chief Executive Officer, Chairman of Webster Financial Corporation and Chief Executive Officer of Webster Financial Corporation
Age: 66
President, President of Webster Financial Corporation and Director
Age: 50
Chief Financial Officer, Executive Vice President, Chief Financial Officer of Webster Financial Corporation and Executive Vice President of Webster Financial Corporation
Age: 54
Senior Vice President and President of Southeastern Massachusetts & Rhode Island Region
Senior Vice President and President for Boston Region
Compensation as of Fiscal Year 2016.

Webster Bank, N.A. Key Developments

Webster Private Bank Announces the Promotion of Two Bankers to Senior Vice President, Senior Portfolio Manager

Webster Private Bank announced the promotion of two bankers to senior vice president, senior portfolio manager, for their proven track records in leadership, job performance, and a deep commitment to their local communities. Robert Maglio has been with Webster since 2001, managing accounts for high net-worth clients. He is based in Hartford, Connecticut. Prior to joining Webster, he was a senior service specialist at The Hartford. He has 17 years of experience in the banking industry. Madorie O'Hara joined Webster in 2013, managing accounts for high net-worth clients. She is based in Stamford. Prior to joining Webster, she spent eight years with Citi Private Bank, as senior vice president, senior portfolio manager within the Tailored Portfolio Group. Earlier in her career, she was a vice president, equity investments and director of equity trading for The MONY group. She is a member of the New York Society of Security Analysts.

Webster Bank Promotes Lawrence Davis to Senior Vice President

Webster Bank announced the promotion of Lawrence Davis to senior vice president, senior relationship manager, Commercial Banking. Davis joined Webster in October 2014, and has more than 25 years of experience in the industry. He is responsible for developing new business from middle market companies in Connecticut. He is an active member in greater Hartford, serving as a board member of Achieve Hartford and a board member of the MetroHartford Alliance. Davis has also previously served as chairman of the City of Hartford Audit Commission; secretary and executive board member of Urban League of Greater Hartford; and has volunteered with Hartford Public Schools.

Webster Bank, N.A. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Net Charge Offs

Webster Bank, N.A. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, interest and fees on loans and leases $152,171,000 against $135,694,000 a year ago. Total interest income was $202,431,000 against $186,970,000 a year ago. Net interest income was $176,905,000 against $163,511,000 a year ago. Income before income taxes was $75,202,000 against $72,469,000 a year ago. Net income was $50,603,000 against $52,043,000 a year ago. Earnings applicable to common shareholders were $48,398,000 against $49,819,000 a year ago. Diluted earnings per common share were $0.53 against $0.55 a year ago. For the six months, interest and fees on loans and leases $301,979,000 against $266,417,000 a year ago. Total interest income was $404,766,000 against $369,882,000 a year ago. Net interest income was $353,057,000 against $323,275,000 a year ago. Income before income taxes was $145,683,000 against $145,957,000 a year ago. Net income was $97,650,000 against $101,547,000 a year ago. Earnings applicable to common shareholders were $93,282,000 against $96,533,000 a year ago. Diluted earnings per common share were $1.02 against $1.06 a year ago. For the quarter, the company’s net charge offs were $7.8 million compared to $16.4 million in the prior quarter and $6.9 million a year ago.

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Recent Private Companies Transactions

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