WATERBURY, Conn.--(BUSINESS WIRE)--Nov. 30, 2000--Webster
Financial Corporation (Nasdaq:WBST), holding company for Webster
Bank, announced today that it has completed the private placement of
$126 million of senior unsecured notes, due in 2007 with a fixed
coupon rate of 8.72 percent. The notes were placed with a variety of
institutions.
Net proceeds from the note placement are designated for general
corporate purposes.
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, visit the Webster Bank website at
www.websterbank.com.
--30--mc/ny*
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Webster Financial Corporation |
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Mike Bazinet, 203/578-2391 |
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Jim Sitro, 203/578-2399 |
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