WATERBURY, Conn.--(BUSINESS WIRE)--Sept. 18, 2003--Webster
Financial Corporation (NYSE: WBS) announced that it has completed a
$75 million capital trust offering. The floating rate capital
securities will bear an interest rate of three-month LIBOR plus 2.95
percent, and will mature on September 17, 2033.
The securities constitute new funding and further strengthen
Webster's existing capital.
The Placement Agents for the transaction were Keefe, Bruyette &
Woods, Inc. and FTN Financial Capital Markets.
This press release does not constitute an offer to buy or a
solicitation to sell the capital securities.
Webster Financial Corporation is the holding company for Webster
Bank and Webster Insurance. With $14 billion in assets, Webster Bank
provides business and consumer banking, mortgage, insurance, trust and
investment services through 110 banking offices, 220 ATMs, a
Connecticut-based call center and the Internet. Webster Financial
Corporation is majority owner of Chicago-based Duff & Phelps, LLC, a
leader in financial advisory services. Webster Bank owns the
asset-based lending firm, Whitehall Business Credit Corporation, the
insurance premium finance company, Budget Installment Corp., Center
Capital Corporation, an equipment finance 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 website at
www.websteronline.com.
CONTACT: Webster Financial Corporation
Media Contact:
Clark Finley, 203-578-2429
cfinley@westerbank.com
or
Investor Contact:
Terry Mangan, 203-578-2318
tmangan@websterbank.com
SOURCE: Webster Financial Corporation