WATERBURY, Conn., Jul 26, 2002 (BUSINESS WIRE) -- Webster Financial Corporation
(Nasdaq: WBST), the holding company for Webster Bank, announced today the
appointment of Nathaniel C. Brinn as Executive Vice President, Corporate
Development for Webster Bank and Senior Vice President, Corporate Development,
Webster Financial Corporation.
In this capacity, Brinn is responsible for directing Webster's corporate
development, including mergers, acquisitions and strategic investments. He
reports directly to Webster chairman and chief executive officer, James C.
Smith.
With Brinn's appointment, Webster completes an executive reorganization aligning
the company's structure with its strategic plan. Webster initiated its
reorganization plans in January 2002 with the appointment of William T. Bromage
as both chief operating officer and president of Webster Financial Corporation
and Webster Bank.
"Nat Brinn brings valuable experience in corporate development that will help
Webster achieve its expansion goals," stated Webster chairman and chief
executive officer, James C. Smith. "As a leading regional financial services
provider, Webster is committed to augmenting its internal growth by pursuing
mergers and alliances with strategic partners. Nat's capabilities will be of
great value in these efforts."
Brinn has held senior management positions in corporate development for more
than a decade with HSB Group, Inc. in Hartford, Connecticut, and with Phoenix
Companies Inc., also of Hartford. In his most recent position, Brinn was senior
vice president, business development and new products for HSB Group, Inc. In
this capacity, he was responsible for the management of the company's
acquisitions and divestitures, new product development and special projects. At
Phoenix Companies Inc., Brinn was senior vice president, strategic development
and president, Phoenix Strategic Capital Corporation, Phoenix' strategic venture
capital subsidiary.
Prior to Phoenix, Brinn was vice president, private placements group for CIBC,
Inc. in Chicago, Illinois, where he was involved in senior and subordinated
private placement debt transactions.
Brinn has also served as senior investment analyst for Metropolitan Life
Insurance Company in New York City and Chicago.
Brinn received a B.S. from University of Delaware and an M.B.A. from Duke
University's Fuqua School of Business. He also is a Chartered Financial Analyst.
Brinn resides in Avon with his wife and two daughters.
Webster Financial Corporation is the holding company for Webster Bank and
Webster Insurance. With $12 billion in assets, Connecticut-based Webster Bank
provides business and consumer banking, mortgage, insurance, trust and
investment services through more than 100 banking offices, 210 ATMs and the
Internet. Webster Financial Corporation is majority owner of Chicago-based Duff
& Phelps, LLC, a leader in financial advisory services, and Webster Bank owns
Center Capital Corporation, an equipment leasing and financing company
headquartered in Farmington, Connecticut and Webster Trust Company, N.A.
For more information about Webster, including past press releases and the latest
Annual Report, visit the Webster Bank web site at www.websterbank.com.
CONTACT:
Webster Financial Corporation
Clark Finley, 203/578-2429
cfinley@websterbank.com
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