WATERBURY, Conn., May 2 /PRNewswire-FirstCall/ -- HSA Bank(TM), a division
of Webster Bank, N.A., a subsidiary of Webster Financial Corporation (NYSE:
WBS), has launched an online enrollment feature on its website:
http://www.hsabank.com . The feature enables prospective accountholders to
complete and submit health savings account (HSA) applications on the Internet.
HSA Bank's account volume increased 350% from the first quarter 2004 to
the first quarter 2005. Expecting that accounts will continue to grow
significantly, HSA Bank has decided to facilitate the enrollment process
utilizing the Internet.
"HSA Bank is committed to providing accountholders with convenient access
to their health savings account 24 hours a day," said Itamar Romanini, senior
vice president, Information Technology. "The online enrollment process has a
verification feature to ensure an application is completed properly before it
is submitted. Once completed, customers receive instant email confirmation
that their account is open."
Online enrollment is a less costly and more convenient way to establish a
health savings account. The one-time set-up fee for online applications is
lower than paper application fees. Currently accountholders pay an initial
fee and contribution by check or credit card.
"Online enrollment is quick, easy and greatly reduces the processing time
for an application," said Kirk Hoewisch, president of HSA Bank. "As HSA
volume increases, online enrollment will ensure HSA Bank continues to meet
customer needs."
HSA Bank serves customers in every state in the nation and is one of the
first financial institutions nationwide to offer health savings accounts. HSA
Bank combines convenience, service and savings with low account maintenance
fees, high interest rates for investments, 24-hour account access online or
through an automated telephone system and outstanding personal service. For
more information about HSA Bank, visit the HSA Bank website at
http://www.hsabank.com .
Webster Financial Corporation is the holding company for Webster Bank,
National Association and Webster Insurance. With $17.4 billion in assets,
Webster provides business and consumer banking, mortgage, insurance, financial
planning, trust and investment services through 153 banking offices, 291 ATMs,
telephone banking and the Internet. Webster Bank owns the asset-based lending
firm Webster Business Credit Corporation, the insurance premium finance
company Budget Installment Corp., Center Capital Corporation, an equipment
finance company headquartered in Farmington, Connecticut and provides health
savings account trustee and administrative services through HSA Bank, a
division of Webster Bank.
For more information about Webster, including past press releases and the
latest annual report, visit the Webster website at
http://www.websteronline.com .
Media Contact: Investor Contact:
HSA Bank: Becky Seefeldt 920-803-4215 Terry Mangan 203-578-2318
bseefeldt@hsabank.com tmangan@websterbank.com
Webster: Meghan Thompson 203-578-2287
mthompson@websterbank.com
SOURCE Webster Financial Corporation
-0- 05/02/2005
/CONTACT: Media: Becky Seefeldt of HSA Bank, +1-920-803-4215,
bseefeldt@hsabank.com; or Media: Meghan Thompson, +1-203-578-2287,
mthompson@websterbank.com, or Investor: Terry Mangan, +1-203-578-2318,
tmangan@websterbank.com, both of Webster Bank, N.A./
/Web site: http://www.websterbank.com
http://www.websteronline.com
http://www.hsabank.com /
(WBS)
CO: Webster Financial Corporation; HSA Bank; Webster Bank, N.A.
ST: Connecticut
IN: FIN MLM CPR
SU: PDT
WS
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1422 05/02/2005 14:35 EDT http://www.prnewswire.com