WATERBURY, Conn.--(BUSINESS WIRE)--Nov. 8, 1999--M. Terri Larson has joined Webster Bank's Government Finance Team as Senior Vice President of Government Finance.
The addition to staff is consistent with Webster's plan to grow its Government Banking capabilities around the needs of Connecticut's public entities. Webster currently has banking relationships with more than 55 municipalities and public agencies throughout the State of Connecticut.
Larson has served as financial advisor to dozens of Connecticut's communities over the past 16 years, advising such far-ranging entities as the City of Hartford and the Town of Union. In addition, she is a Treasury Management Association (TMA) Certified Cash Manager, having managed BankBoston Government Banking & Finance Department for the past five years. Larson also served as First Selectwoman for the Town of Portland for six years.
"In the past year, Terri has brought to market 12 bond and note issues totaling more than $62 million," said John V. Brennan, executive vice president, CFO and Treasurer. "The addition of her expertise illustrates our commitment to Connecticut's municipalities."
Webster has more than $130 million in public deposits. Its Government Finance department offers a variety of government banking and cash management capabilities, including depository services, investment services, financial advisory services, and investment management and trust services.
Pro forma for its pending merger with New England Community Bancorp, Webster Bank has $10 billion in assets and operates through a network of 12 banking offices, three commercial banking centers, and 200 ATMs, in addition to telephone, video, Web and PC banking. Webster is also a leading, full-service commercial and mortgage lender in Connecticut. Webster Trust, the bank's trust and investment management subsidiary, is one of the leading bank trust companies based in Connecticut. Webster's insurance subsidiary, Damman Insurance Associates, is one of the largest agencies in the state. Webster's Nowlending.com subsidiary found at www.nowlending.com on the Worldwide Web, originates low-cost mortgages over the Internet for customers across the United States.