News Details

WATERBURY, Conn.--(BUSINESS WIRE)--April 30, 2001--R. David Rosato, senior vice president and treasurer, Webster Bank, has been named treasurer of Webster Financial Corp. (Nasdaq: WBST), the bank's holding company.

Rosato joined Webster in 1999. He has more than 15 years of experience in treasury management and capital markets. He will continue to be responsible for the bank's interest rate risk management activities, securities portfolio management, wholesale funding, treasury sales and asset liability risk modeling.

His new duties will include responsibility for Webster's Government Finance department, which offers a variety of government banking and cash management capabilities, including depository services, investment services, financial advisory services, and investment management and trust services.

"Webster will draw on David's expertise as it continues to grow and expand its services," said William J. Healy, Webster's executive vice president and CFO. "This move also aligns more closely our treasury management capabilities with the banking and cash management needs of Connecticut's municipalities."

Before joining Webster Bank, Rosato spend more than 13 years at Allfirst in a variety of positions. While at Allfirst he most recently had responsibility for management of assets and liabilities as well as the bank's treasury risk control division. Previously he had responsibility for wholesale funding, liquidity securitizations and management of the bank's securities portfolio.

Rosato received a bachelor's degree in business and economics and an MBA from the Smith School of Business at the University of Maryland. He is a CFA and a member of the Association for Investment Management & Research.

Webster Financial Corporation is the holding company for Webster Bank, which provides business and consumer banking, mortgage, insurance, trust and investment services through more than 100 banking offices, 210 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. Webster Financial Corporation owns Center Capital Corporation, an equipment financing company headquartered in Farmington, Connecticut, and is majority owner of Chicago-based Duff & Phelps, a leader in investment banking and financial advisory services.

For more information about Webster, including past press releases and the latest Annual Report, visit the Webster Bank web site at www.websterbank.com.

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