Webster Declares Quarterly Common Stock Dividend

Oct 23, 2001

WATERBURY, Conn.--(BUSINESS WIRE)--Oct. 23, 2001--Webster Financial Corporation (Nasdaq: WBST), the holding company for Webster Bank, announced today that it has declared a regular quarterly cash dividend of $.17 per common share.

The dividend is payable on November 19, 2001, to shareholders of record on November 5, 2001. This is the 57th consecutive quarterly dividend since Webster first paid a dividend in 1987.

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 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 on Webster, including past press releases and the latest Annual Report, visit the Webster Bank website at www.websterbank.com.

--30--jtp/ny*

CONTACT: Webster Contacts:
Media: Art House, 203/578-2391
ahouse@websterbank.com
or
Investors: James M. Sitro, 203/578-2399
jsitro@websterbank.com