Webster Bank

Key details

• Launch: 1935

Overview

Webster Bank is NYSE: WBS + US-based commercial bank + one of US's largest commercial banks by assets in US Northeast region + ~3M+ US Webster Bank customers + founded 1935 as First Federal Savings of Waterbury Connecticut + 2022 Sterling Bancorp ~$10.3B merger [1, us-cro].

History

1935 — First Federal Savings of Waterbury Connecticut founded by Harold Webster Smith distinctive US Northeast regional banking heritage.

1995 — First Federal Savings of Waterbury rebranded as Webster Bank.

Jan 31 2022 — Webster Bank + Sterling Bancorp merger for ~$10.3B distinctive US Northeast banking consolidation.

Ownership & operator

Operating entity: Webster Financial Corporation Webster Bank (US-based commercial bank; NYSE: WBS).

Major shareholders: Vanguard + BlackRock + State Street + US + international retail + institutional + foreign investors free float.

Regulators: OCC + Federal Reserve + FDIC.

Technical integration

Webster Mobile Banking app (iOS + Android; ~3M+ US Webster Bank customers) + websterbank.com online + Webster Bank branch network across US Northeast region + Webster Visa + Mastercard cards; ACH + FedNow + Zelle.

Implementations & partners

Major US banking + payments competitors: [[chase-mobile]] (Chase Mobile; JPMorgan Chase US; NYSE: JPM) + [[bank-of-america]] (Bank of America; NYSE: BAC) + [[wells-fargo]] (Wells Fargo; NYSE: WFC) + [[citi-mobile]] (Citi Mobile US; Citigroup NYSE: C) + [[us-bank]] (US Bank; NYSE: USB) + [[pnc-bank]] (PNC Bank; NYSE: PNC) + [[truist]] (Truist Financial; NYSE: TFC) + [[capital-one]] (Capital One; NYSE: COF) + [[citizens-financial]] (Citizens Financial Group; NYSE: CFG) + [[fifth-third]] (Fifth Third Bank; NASDAQ: FITB) + [[huntington-bank]] (Huntington Bank; NASDAQ: HBAN) + [[keybank]] (KeyBank; NYSE: KEY) + [[regions-financial]] (Regions Financial; NYSE: RF) + [[td-bank-us]] (TD Bank US; TD Bank Group Canadian parent US subsidiary) + [[santander-us-bank]] (Santander US Bank; Banco Santander Spain Spanish parent fully owned) + [[mt-bank]] (M&T Bank; NYSE: MTB; US Northeast + Mid-Atlantic regional bank).

Regulators: OCC + Federal Reserve + FDIC.

Status

Active, NYSE:WBS + US-based commercial bank + one of US's largest commercial banks by assets in US Northeast region + ~3M+ US Webster Bank customers + founded 1935 as First Federal Savings of Waterbury Connecticut + 2022 Sterling Bancorp ~$10.3B merger [1, 2].

Sources

• 1 Webster — official
• 2 Webster — Wikipedia
• us-cro In-corpus: reports/countries/US-united-states.md

Source

Biography extracted from webster-bank.md. See matrix.md for standards-support matrix if present.