Webster Bank to Acquire HSA Provider Bend Financial
The parent company of Stamford-based Webster Bank has agreed to acquire Boston-based Bend Financial Inc., a technology company that offers a cloud-based platform for health savings accounts.
Webster Bank Merger On Track
The merger-of-equals between Waterbury-based Webster Bank and New York-based Sterling National Bank remains on track, and the banks expect to complete the transaction early in the fourth quarter.
Webster Saw Earnings Increase in First Quarter
Waterbury-based Webster Bank saw first quarter earnings increase almost 200 percent compared to the same quarter last year, when banks were responding to the start of the pandemic.
Webster Bank Sees HSA Growth
Webster Financial Corporation, the holding company for Webster Bank and its HSA Bank division, had earnings of $88.1 million, or $0.96 per diluted share, for the quarter ending Dec. 31, 2019.
Webster Q3 Earnings Down but Deposit, Loan Growth Strong
Webster Financial Corporation, the holding company for Webster Bank and its HSA Bank division, announced earnings applicable to common shareholders of $91.4 million, or $1.00 per diluted share, for the quarter ended Sept. 30, 2019.
Webster Benefits From HSA, Commercial Lending; Closes Branches As Customer Preferences Go Mobile
Commercial lending and its HSA Bank business benefitted Webster Financial Corp. in the third quarter, while customer preferences for mobile transactions are also pushing Webster to consolidate its footprint, the company said today in a conference call discussing its...
