News Details

WATERBURY, Conn., Apr 29, 2003 (BUSINESS WIRE) -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, announced today the appointment of Zeynep Fredrick as Executive Vice President, Information Technology and Operations for Webster Bank.

In this capacity, she is responsible for managing Webster's information technology operations.

"Zeynep will bring valuable IT and management skills that will help Webster achieve our strategic plan," stated James C. Smith, Webster chairman and chief executive officer. "As a leading regional financial services provider, Webster is committed not only to meeting the technological demands of our customers, but also employing our technological capabilities as a tool for growth. Zeynep's experience will be of great value in these efforts."

Prior to joining Webster, Fredrick held positions of chief information officer and senior vice president of technology and Y2K activities for AllFirst Bank of Baltimore, Maryland. As chief information officer, Fredrick was responsible for AllFirst's strategic planning, data center operations, operations and items processing, mainframe and e-commerce technology development and telecommunications. Before her tenure with AllFirst, Fredrick was senior vice president of IT/Operations, Mergers, Acquisitions Consolidations (MAC) Group for First National Bank in Maryland. In this position, she was responsible for First National's merger activities for IT and operations, including the due diligence reports that addressed an acquisition's systems conversions and operational consolidations.

Fredrick received a B.S. in business management from the University of Maryland.

She lives in Avon, Connecticut.

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 110 banking offices, 210 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.

SOURCE: Webster Financial Corporation