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Webster Bank to Acquire HSA Provider Bend Financial

Webster Bank to Acquire HSA Provider Bend Financial

by The Commercial Record | Feb 16, 2022 | Banking & Lending, CR Daily, Executive Briefing

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’s HSA Business Collects Major Victories in Q2

Webster Bank’s HSA Business Collects Major Victories in Q2

by Bram Berkowitz | Jul 22, 2019 | Banking & Lending, CR Daily, Industry News

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.

Webster Bank’s HSA Business Collects Major Victories in Q2

Webster Reports Solid Earnings As CEO Prepares To Depart

by Bram Berkowitz | Oct 24, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News

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. Q2 Earnings Continue To Reflect HSA Strategy

by Bram Berkowitz | Jul 24, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News

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.

Republicans Introduce Health Savings Act In Effort To Roll Back ACA

by The Commercial Record | Feb 17, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News

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.

As Health Care Costs, High-Deductible Plans Rise, So Does Demand For HSAs

As Health Care Costs, High-Deductible Plans Rise, So Does Demand For HSAs

by Laura Alix | Oct 13, 2015 | Banking & Lending

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

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