News Details

WATERBURY, Conn.--(BUSINESS WIRE)--Jan. 29, 2003--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, announced today that it has declared a regular quarterly cash dividend of $.19 per common share.

The dividend is payable on February 24, 2003, to shareholders of record on February 10, 2003. This is the 61st consecutive quarterly dividend since Webster first paid a dividend in 1987.

Webster Financial Corporation is the holding company for Webster Bank and Webster Insurance. With $13 billion in assets, Connecticut-based Webster Bank provides business and consumer banking, mortgage, insurance, trust and investment services through more than 109 banking offices, 219 ATMs and the Internet (www.websteronline.com). 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 Bank web site at www.websteronline.com.