WATERBURY, Conn.--(BUSINESS WIRE)--Jan. 3, 2000--As part of its continuing effort to boost its Internet presence and expand its electronic financial services offerings, Webster Bank announced that Francis P. Duggan has joined the company as senior vice president of Internet Development.
Duggan will be responsible for Webster's Internet development strategy, including the design, implementation and support of online financial products and services.
Prior to joining Webster, Duggan held several positions in the Small Business Division at Fleet Financial Group. Duggan set up Fleet's storefronts@fleet product, which allows small businesses to set up a store and take credit card transactions over the Internet. He also helped implement a PC banking product specifically designed for small businesses. Prior to joining Fleet, Duggan held several senior management positions at Liberty Mutual Insurance and Allmerica Financial.
"The Internet offers huge potential for banks like Webster, that already have built solid, traditional delivery systems," Duggan said. "Webster has a unique opportunity to strengthen and build customer relationships with online alternatives that make financial transactions quicker and easier than ever before."
Duggan holds a bachelor's degree from Harvard University and a master's of business administration from Boston University. He lives in Glastonbury.
Webster Bank has $10 billion in assets and operates through a network of 125 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 subsidiary found at nowlending.com on the Worldwide Web, originates low-cost mortgages over the Internet for customers 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 Bank, Waterbury
Jim Kalach, 203/578-2461
jkalach@websterbank.com