WATERBURY, Conn., Sep 23, 2002 (BUSINESS WIRE) -- Webster Financial Corporation
(Nasdaq:WBST), the holding company for Webster Bank, today announced that it
plans to list its common shares on the New York Stock Exchange ("NYSE") under
the new ticker symbol "WBS". Trading is expected to begin on the NYSE on
Thursday, October 17, 2002.
"As a regional financial services provider with growing, diversified lines of
business, Webster stock is of interest to an increasing number of shareholders,"
said James C. Smith, Webster chairman and chief executive officer. "In light of
that growth and diversification, and with our increasing market capitalization,
we believe that shareholders will be well served by our being part of the NYSE."
"The New York Stock Exchange is proud to welcome Webster Financial Corporation,"
said NYSE Chairman and CEO Dick Grasso. "We look forward to our partnership with
Webster Financial and to providing their shareholders with the visibility and
liquidity that the NYSE's auction market provides."
Until trading begins on the NYSE, Webster's common stock will continue to trade
on the Nasdaq National Market under the symbol "WBST".
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, trust and investment services
through more than 100 banking offices, 210 ATMs and the Internet
(www.websteronline.com). Webster Financial Corporation is majority owner of
Chicago-based Duff & Phelps, LLC, a leader in valuation and financial advisory
services to middle-market companies, 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 on Webster, including past press releases and the latest
Annual Report, visit the Webster Bank website at http://www.websteronline.com.
Statements in this press release regarding Webster Financial Corporation's
business that are not historical facts are "forward looking statements" that
involve risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those contained
in the forward-looking statement, see "Forward Looking Statements" in the
Company's Annual Report for the most recent fiscal year.
CONTACT:
Webster Financial Corporation
Media:
Arthur House, 203/578-2391
ahouse@websterbank.com
Clark Finley, 203/578-2429
cfinley@websterbank.com
Investor:
James M. Sitro, 203/578-2399
jsitro@websterbank.com
Copyright (C) 2002 Business Wire. All rights reserved.