WATERBURY, Conn.--(BUSINESS WIRE)--June 6, 2000--Getting good,
thorough, personalized advice from a trusted name in financial
services has just become easier for high-net-worth individuals and
institutions in Connecticut.
Webster Financial Corporation (Nasdaq: WBST) today announced it
has established Webster Financial Advisors, a team of professionals
that will offer a full range of financial services for high-net-worth
individuals and institutions.
Webster Financial Advisors' clients will have one comprehensive
source for all their financial needs. Services include investment
management, trust and estate planning, retirement wealth management
and tax planning through Webster Trust along with sophisticated credit
and banking services through Webster Bank. The Webster Financial
Advisors team will also offer institutional services to Connecticut
businesses and not-for-profit organizations.
"With Webster Financial Advisors we are building on the
established success of the Webster Trust organization in providing
personalized services for individuals as well as institutional
services for businesses and non-profit organizations," said Thomas N.
Howe, executive vice president, Trust and Investment Management
Services. "Our customers can expect tailored and sophisticated
services from professionals who live and work in Connecticut and who
are readily available for those in-person consultations they want and
deserve."
Named to lead the Webster Financial Advisors team is Edward F.
Fisher, executive vice president, Webster Trust. Prior to joining
Webster, he held a number of positions with BankBoston, including
executive vice president and director of BankBoston's Private Bank in
Connecticut.
"Our clients are successful people with diverse financial
objectives, but they all have something in common," said Fisher. "They
have determined that they don't have the time or resources to achieve
their financial goals on their own, and they prefer to have their
financial matters handled locally, not through an out-of-state phone
center."
Business development for Webster Financial Advisors will be
directed by James P. Carley, Jr., executive vice president of Webster
Trust. "We realize each client's needs are unique," said Carley.
"Through our strong teams of local professionals, we will be able to
customize services to meet the needs of our individual, business and
not-for-profit clients."
Webster Financial Advisors will be based in several Connecticut
communities, including Hartford, Kensington, New Haven, Waterbury and
Westport. "The expertise of our professionals, coupled with the local
decision-making of a Connecticut-based institution, is consistent with
Webster's commitment to deliver truly personal and professional
service. Webster is now Connecticut's source for comprehensive
financial management services," Howe said.
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.
CONTACT:
Webster Financial, Waterbury, Conn.
Jim Kalach, Media, 203/578-2461
James Sitro, Investors, 203/578-2399