WATERBURY, Conn.--(BUSINESS WIRE)--Nov. 5, 2003--Webster Financial
Corporation (NYSE: WBS), the holding company for Webster Bank,
announced today the appointment of Alexander C. Booth to Senior Vice
President, Financial Planning. In this capacity Booth is responsible
for the management of Webster's internal profitability reporting,
including performance measurement and financial planning.
"In Alex, Webster has gained an experienced manager with a strong
background in performance measurement," stated Webster Chief Financial
Officer, William J. Healy. "As Webster continues to build on the
success of its strategic plan for growth, the scope and expectations
of performance measurement and financial planning will increase
significantly. We believe Alex will be a valuable asset in those
efforts."
Prior to joining Webster, Booth was Senior Vice President,
Director of Planning & Performance Reporting for Allfirst Bank in
Baltimore, Maryland. In this capacity he oversaw the implementation of
a new performance measurement system and coordination of funds
transfer pricing, risk attribution and integration of activity based
costing. Booth also was responsible for Allfirst's budgeting, monthly
forecasting, financial analysis and shareholder relations functions.
Before his tenure with Allfirst, Booth spent fifteen years with
Manufacturers and Traders Trust Company of Buffalo, New York. In his
most recent position, Booth was Vice President, Financial Analysis &
Performance Measurement, where he was responsible for the internal
monthly financial performance measurement system and compilation of
the annual business plan for M&T.
Booth received a B.A. in economics and B.S. in international
business from the University of Pennsylvania and M.B.A.'s in finance
from The Wharton School of Business and professional accounting from
Canisius College.
He resides in Avon, Connecticut.
Webster Financial Corporation is the holding company for Webster
Bank and Webster Insurance. With more than $14 billion in assets,
Webster 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
Media Contact:
Clark Finley, 203-578-2429
cfinley@websterbank.com
or
Investors:
Terry Mangan, 203-578-2318
tmangan@websterbank.com
SOURCE: Webster Financial Corporation