When Webster Bank expanded into Boston in 2016, its goal was to raise $1 billion in deposits within the first five years. And at the beginning of this year, the bank reported being on target to hit that goal.
Webster Bank has hired a new chief information officer.
Long-term strategic investments helped Webster Bank to a strong second quarter, even as the company continued to see fierce competition from nonbank lenders in commercial real estate.
The parent company of Hartford-based United Bank announced last week that it will acquire six branches from Waterbury-based Webster Bank, a move that will allow it to increase its presence in existing coverage areas and expand into new markets.
The parent company of Waterbury, Connecticut-based Webster Bank reported strong profits and growth in the first quarter of 2018, but that didn’t stop investors from pressing executives about the slow down in growth of health savings accounts, a core part of the bank’s business.
A Rhode Island man was sentenced today in federal court in Boston for armed bank robbery.
Webster Bank’s plunge into the Boston market is continuing to prove fruitful for the $26.5 billion asset institution.
A Rhode Island man pleaded guilty today in federal court in Boston to armed bank robbery.
An Abington man who allegedly stole over $58,000 from three different bank branches in Boston was charged Friday in U.S. District Court.
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.
Facing an uphill battle for deposits in the Greater Boston market, Webster Bank’s leadership said yesterday that they might consider subleasing some of the locations it snapped up here last year.