Webster Bank

Webster Financial Corporation Announces Q1 2024 Earnings Release and Conference Call

Retrieved on: 
Friday, April 5, 2024
Banking, Professional Services, Finance, WBS, HSA Bank, Webster Bank

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.

Key Points: 
  • Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.
  • and its HSA Bank division, today announced the following details for its first quarter 2024 earnings release and conference call:
    Will be available shortly after the call’s completion, also at investors.websterbank.com
    Will be available for one week, beginning at approximately 12:00 noon (Eastern) on April 23, 2024

Webster Announces CFO Transition

Retrieved on: 
Monday, March 25, 2024
Banking, Professional Services, Business, Finance, WBS, MacInnes, CFO, Spencer Stuart, HSA Bank, Webster Bank, Retirement, Management

Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A.

Key Points: 
  • Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A.
  • Mr. MacInnes will continue to serve as the Company’s CFO until a successor is appointed by Webster’s Board of Directors (“Board”) and will then serve in an advisory role to ensure a smooth transition.
  • “Glenn’s contributions as CFO have helped transform Webster into one of the best-performing regional banks in the nation.
  • As a result, today Webster is on strong financial footing and is well-positioned for long-term value creation as we continue helping clients achieve their goals,” said John Ciulla, Chairman and Chief Executive Officer of Webster Financial Corporation.

HSA Bank Expands Benefits Offered to Support Employee Financial Well-Being

Retrieved on: 
Tuesday, March 19, 2024
Banking, Other Professional Services, Professional Services, Human Resources, Emergency, Retirement, Automation, HSA, Research, PwC, HSA Bank, ESA, Webster Bank, Health insurance

HSA Bank, a division of Webster Bank, N.A., announced today that it will offer an Emergency Savings Account (ESA) solution, an employer-sponsored benefit to help employees save for unexpected expenses.

Key Points: 
  • HSA Bank, a division of Webster Bank, N.A., announced today that it will offer an Emergency Savings Account (ESA) solution, an employer-sponsored benefit to help employees save for unexpected expenses.
  • According to a recent survey from Webster Bank, a majority of Americans (57%) say saving for emergencies is a top financial priority, however, nearly one-third (31%) do not have an emergency fund.
  • These new consumer-owned bank accounts use automation and behavioral science to create incentive employer programs that encourage employees to build emergency savings.
  • “Financial wellness is one of the fastest growing areas of focus for employers and ESAs are a critical part of financial planning alongside retirement and healthcare spending,” said Chad Wilkins, President of HSA Bank.

Goalsetter Secures $9.6 Million in Series A Extension Funding to Help American Families Learn to Save, Spend, Invest and Build Wealth

Retrieved on: 
Monday, March 25, 2024
Deutsche Bank, Health, Mutual aid (organization theory), MassMutual, TAMP, Gen, Learning, TIAA, Nike, Partnership, UBS, CEE, Social media, Council for Economic Education, Envestnet, Student, Woman, Liberty Bank, Council, Economics, Generation Z, Webster Bank, Language, InTouch, Parent

BROOKLYN, N.Y., March 25, 2024 /PRNewswire/ -- Goalsetter, an award-winning spending, saving, wealth building and financial education platform designed for the whole family, announced today the closing of a $9.6 million Series A extension round. This newest round for Goalsetter was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund. Series A investors Fiserv, Webster Bank, Seae Ventures, Astia Fund, and Partnership Fund for New York City also participated in the round along with new investors Reseda Group and InTouchCU.

Key Points: 
  • BROOKLYN, N.Y., March 25, 2024 /PRNewswire/ -- Goalsetter, an award-winning spending, saving, wealth building and financial education platform designed for the whole family, announced today the closing of a $9.6 million Series A extension round.
  • This newest round for Goalsetter was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund.
  • The Series A extension funding will give Goalsetter the runway necessary to continue forging new B2B alliances while successfully implementing existing programs ahead of a Series B raise.
  • "Our new Series A extension marks a significant milestone for Goalsetter as we continue to redefine financial education and inclusion across America," said Goalsetter Founder and CEO Tanya Van Court.

Webster Closes Ametros Acquisition

Retrieved on: 
Wednesday, January 24, 2024
Banking, Professional Services, Insurance, Finance, Webster Bank, Acquisition, Webster, WBS

Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A.

Key Points: 
  • Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A.
  • ("Webster") has completed the acquisition of Ametros Financial Corp (“Ametros”).
  • The business will continue to operate under the Ametros and CareGuard brands following the acquisition.
  • The acquisition of Ametros provides Webster a fast-growing source of low-cost and long-duration deposits, further diversifying Webster’s deposits as well as noninterest income.

Webster Financial Corporation Declares Common and Preferred Dividends

Retrieved on: 
Wednesday, January 24, 2024
Banking, Professional Services, Finance, Webster Bank, HSA Bank, WBS

Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A.

Key Points: 
  • Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A.
  • and its HSA Bank division, announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock.
  • On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable March 15, 2024, to shareholders of record on March 1, 2024.
  • On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share, 40 of which represents one share of Series G Preferred Stock), payable April 15, 2024, to shareholders of record on March 31, 2024.

Webster Reports Fourth Quarter 2023 EPS of $1.05; Adjusted EPS of $1.46

Retrieved on: 
Tuesday, January 23, 2024
Banking, Other Professional Services, Professional Services, Finance, Webster Bank, FDIC, Total, WBS, Sale, Tax, GAAP, HSA Bank, Retail banking, Webcast, Commercial bank, Annual report, Airline

Quarterly net interest income compared to the fourth quarter of 2022:

Key Points: 
  • Quarterly net interest income compared to the fourth quarter of 2022:
    Net interest income was $571.0 million compared to $602.4 million.
  • Quarterly non-interest income compared to the fourth quarter of 2022:
    Total non-interest income was $63.8 million compared to $102.2 million, a decrease of $38.4 million.
  • Total non-interest income includes a $16.8 million and $4.5 million loss on the sale of investment securities for the fourth quarter of 2023 and 2022, respectively.
  • A conference call covering Webster’s fourth quarter 2023 earnings announcement will be held today, Tuesday, January 23, 2024 at 9:00 a.m. Eastern Time.

Webster Financial Corporation Announces Q4 2023 Earnings Release and Conference Call

Retrieved on: 
Thursday, January 11, 2024
Banking, Professional Services, Finance, Webster Bank, HSA Bank, WBS

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.

Key Points: 
  • Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.
  • and its HSA Bank division, today announced the following details for its fourth quarter 2023 earnings release and conference call:
    Will be available shortly after the call’s completion, also at investors.websterbank.com
    Will be available for one week, beginning at approximately 12:00 noon (Eastern) on January 23, 2024
    The replay conference ID number is: 8607257

Intermex Appoints New Independent Director

Retrieved on: 
Friday, December 15, 2023
CISSP, Organization development, Digital, MUFG Union Bank, Fintech, IME Group, Executive, Mechanical engineering, JPMorgan Chase, Webster Bank, CIOO, Bridgewater Associates, BSME, WBS, Lafayette College, Mechanical, Compensation, Economics, Management

The appointment of Ms. Higgins-Carter brings the total number of directors to nine, six of whom are independent directors to the Company’s board.

Key Points: 
  • The appointment of Ms. Higgins-Carter brings the total number of directors to nine, six of whom are independent directors to the Company’s board.
  • Chairman, Chief Executive Officer, and President Bob Lisy said, “We are thrilled to welcome our new board member Karen Higgins-Carter to Intermex’s board of directors.
  • With her extensive experience in financial information technology and cybersecurity, Ms. Higgins-Carter will be an invaluable asset to our Company.
  • Earlier, Ms. Higgins-Carter was the Managing Director, Head of the Office of the CIOO at MUFG Union Bank (a US subsidiary of the largest bank in Japan), Technology General Manager for Bridgewater Associates, and the Managing Director, Head of Consumer Risk Technology at JPMorgan Chase.

Veteran healthcare executive Trip Hofer joins .406 Ventures as Venture Partner

Retrieved on: 
Wednesday, November 15, 2023
Sale, Partner (business rank), Nursing care plan, UnitedHealth Group, CVS Health, Webster Bank, Health Dialog, U.S. Venture Partners, Communication, Trip, BUPA, Mental, Cortica, Health, Redox, Optum

BOSTON, Nov. 15, 2023 (GLOBE NEWSWIRE) -- .406 Ventures , the 18 year-old Boston-based, early-stage venture capital firm focused on healthcare and enterprise technology, added Trip Hofer to its team as a Venture Partner in October.

Key Points: 
  • BOSTON, Nov. 15, 2023 (GLOBE NEWSWIRE) -- .406 Ventures , the 18 year-old Boston-based, early-stage venture capital firm focused on healthcare and enterprise technology, added Trip Hofer to its team as a Venture Partner in October.
  • Hofer brings unparalleled healthcare industry experience to .406.
  • .406 has been investing in disruptive healthcare companies for nearly two decades, backing category-defining companies in primary care, behavioral health, eldercare, and AI-driven healthcare data management.
  • “Working with Trip as an executive leader in our portfolio over the past 20 years has been both fun and successful” said Liam Donohue, Co-founder and Managing Partner of .406 Ventures.