- Business
- Webster Financial Corporation (NYSE: WBS; WBS-PF) serves as the holding company for Webster Bank, National Association, a leading regional commercial bank providing a comprehensive suite of financial products and services through three primary segments: Commercial Banking, offering commercial and institutional lending, commercial real estate financing, capital markets, capital finance, treasury management, equipment finance, asset-based lending, public finance solutions, sponsor and specialty finance; Healthcare Financial Services, including HSA Bank for employee benefits solutions such as health savings accounts, emergency savings accounts, flexible spending accounts administration, and Ametros for professional administration of medical insurance claim settlements via its CareGuard service and technology platform; and Consumer Banking, delivering checking, savings, money market accounts, certificates of deposit, individual retirement accounts, mortgages, home equity loans and lines of credit, personal loans, credit cards, private banking, wealth management, financial planning, life and long-term insurance, portfolio management, employee retirement plans, payroll services, automated clearing house payables, wires, bill pay, remote deposit capture, merchant and lockbox services, as well as online and mobile banking. Founded in 1935 and headquartered in Stamford, Connecticut, the company operates 196 banking centers and 352 ATMs across Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania, with national reach in specialized services like healthcare financial solutions and over $75 billion in assets. Recent developments include the 2023 acquisition of Ametros for $350 million to expand healthcare financial services and the 2024 formation of a private credit joint venture with Marathon Asset Management to provide direct lending solutions to sponsor-backed middle market companies, enhancing sponsor finance capabilities and generating asset management income.