Webster Announces Investor Conference

May 29, 2003

WATERBURY, Conn.--(BUSINESS WIRE)--May 29, 2003--Webster Financial Corporation (NYSE:WBS) announced today plans to have an Investor Day presentation on Wednesday, June 11 to analysts and portfolio managers.

The Webster senior officer presentations from 8:15 a.m. to 3:00 p.m. (EDT) regarding the corporation's business activities will be available via live audio webcast. The audio webcast and presentation slides will be available at the Investor Relations section of Webster's website, www.wbst.com.

Webster Financial Corporation is the holding company for Webster Bank and Webster Insurance. With $14 billion in assets, Connecticut-based Webster Bank provides business and consumer banking, mortgage, insurance, trust and investment services through 109 banking offices, 219 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, Center Capital Corporation, an equipment 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 website at www.websteronline.com.

    CONTACT: Webster Financial Corporation
             Media Contact:
             Clark Finley, 203/578-2429
             cfinley@websterbank.com
                 or
             Investor Contact:
             Terry Mangan, 203/578-2318
             tmangan@websterbank.com

    SOURCE: Webster Financial Corporation