WATERBURY, Conn.--(BUSINESS WIRE)--June 26, 2000--Webster Financial Corporation (Nasdaq: WBST), the holding company for Webster Bank, announced today that Peter K. Mulligan has been promoted to senior executive vice president.
In his new position, Mulligan will have overall responsibility for all of Webster's retail operations, including consumer and small business banking, insurance, investments and consumer finance, including mortgages.
"Webster has significantly increased the breadth and depth of offerings to become a diversified financial services company," said James C. Smith, Webster chairman and chief executive officer. "In his new position, Peter Mulligan will ensure that Webster is ready to fulfill any of our customers' financial needs."
Mulligan has held the title of executive vice president since joining Webster in 1995.
Mulligan has more than 25 years of banking experience in the Hartford area. Prior to joining Webster, he was director of product management, regional sales and insurance for the consumer lending group at Bank of Boston. Earlier, he served as executive vice president-Banking Division at the former Society for Savings. Society was acquired by Bank of Boston in 1993.
Mulligan earned his bachelor's degree in economics and finance from the University of Hartford and is a graduate of the Connecticut School of Finance and Management.
Connecticut-based Webster Bank provides business and consumer banking, mortgage, insurance, trust and investment services through more than 125 banking offices, 200 ATMs and the Internet (www.websterbank.com). Webster's online mortgage subsidiary at www.nowlending.com on the Worldwide Web originates low-cost mortgages across the United States.
For more information on Webster, including past press releases and the latest Annual Report, visit the Webster Bank web site at www.websterbank.com.
CONTACT:
Webster Contacts:
Media:
Mike Bazinet, 203-578-2391
mbazinet@websterbank.com
or
Investors:
James Sitro, 203-578-2399
jsitro@websterbank.com
or
Media:
Jim Kalach, 203-578-2461
jkalach@websterbank.com