Webster Declares Quarterly Common Stock Dividend

Oct 24, 2000

WATERBURY, Conn.--(BUSINESS WIRE)--Oct. 24, 2000--Webster Financial Corporation (Nasdaq: WBST) announced today that it has declared a regular quarterly cash dividend of $.16 per common share.

The dividend is payable on Nov. 20, 2000, to shareholders of record on Nov. 6, 2000.

This is the 53rd consecutive quarterly dividend since Webster first paid a dividend in 1987.

Connecticut-based Webster Bank provides business and consumer banking, mortgage, insurance, trust and investment services through more than 110 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 website at www.websterbank.com.

--30--db/ny*

CONTACT: Webster Financial
Mike Bazinet, 203/578-2391 (Media)
Jim Sitro, 203/578-2399 (Investor)