WATERBURY, Conn., April 20 /PRNewswire/ -- Webster Bank, N.A., a
subsidiary of Webster Financial Corporation (NYSE: WBS), announced today that
Scott McBrair, of Columbus, Ohio, has been named Executive Vice President,
Retail Banking, reporting to Webster President and Chief Operating Officer
William T. Bromage. McBrair assumes his new responsibilities today.
(Photo: http://www.newscom.com/cgi-bin/prnh/20050420/NYW048 )
Joining Webster from JP Morgan Chase, where he served as Executive Vice
President and Region Executive for the branches in Indiana, Kentucky and West
Virginia, McBrair leads Webster's retail banking, including consumer and small
business operations. He is responsible for Webster's 153 branch system, the
bank's contact center and on-line banking capabilities and Webster's full
range of retail banking products including checking, money market funds,
certificates of deposit and small business loans.
"We are delighted to welcome Scott McBrair to Webster," said President and
Chief Operating Officer William T. Bromage. "Webster has a rapidly growing
franchise in our four states of operation. Scott's experience in the full
breadth of retail banking and success in managing a large, competitive branch
network will be a big help to us as we continue our expansion, both
organically and through selective mergers and acquisitions."
At JP Morgan Chase, McBrair was responsible for the sales and financial
performance of 230 branches. Since late 2003 McBrair has been National
Director -- New Branches for Chase, where he coordinated the opening of more
than 200 new branches. In this role he led the new build effort including
branch financial performance, marketing and sales strategies, new branch
training and new build personnel staffing. From 2001 to 2003, McBrair was
Executive Vice President, General Manager for Bank One, where he held several
roles in Retail Sales and Retail Operations. Key responsibilities included
sales training, sales communications, the bank's 5000 national ATMs, deposit
risk management, internal help desk, business continuity and equipment
support.
From 1983 to 2000, McBrair held positions of increasing responsibility at
Bank One and at The Marine Corporation, predecessor to Bank One Wisconsin
Corporation. Before that, he worked in marketing research for Blue Cross and
Blue Shield United of Wisconsin. McBrair received a Bachelor of Finance degree
from the University of Wisconsin and a Master of Business Administration
degree from Virginia Tech. He is an avid runner and will relocate with his
family to Connecticut.
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:
Meghan Thompson 203-578-2287 Terry Mangan 203-578-2318
mthompson@websterbank.com tmangan@websterbank.com
Source:
Webster Bank, N.A.