
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.
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 scored key wins for its Health Savings Account Bank division by expanding its relationship with a key partner and with a major lobbying win in Washington D.C.
Last week, James smith, CEO and chairman of Webster Bank and its holding company, Webster Financial Corp., completed his last earnings call before he retires at the end of the year, handing the reins to current president John Ciulla.
Webster Financial Corp., the holding company of the Waterbury, Connecticut-based Webster Bank, saw a net income of $59.5 million at the end of the second quarter, up roughly $11 million compared to the second quarter of last year.
As part of an ongoing effort to unwind the Affordable Care Act, three Republican lawmakers yesterday introduced a piece of legislation intended to expand eligibility for health savings accounts.
With health care expenses forever on an upward trajectory and an Obamacare provision looming on the horizon that would tax employers offering benefits-rich health plans