News Release

Oct 27, 2006
WATERBURY, Conn., Oct 27, 2006 /PRNewswire via COMTEX News Network/ -- Webster Bank, N.A., a subsidiary of Webster Financial Corporation (NYSE: WBS), announced today that it will celebrate the opening of its branch at 124 Boston Post Road in Waterford, CT on Saturday, October 28th. This is Webster's 9th grand opening branch celebration in 2006 and is the 24th de novo branch since Webster initiated its branch expansion program in March 2002.

The celebration at the Boston Post Road branch will be from 11:00 a.m. to 2:00 p.m.

Webster now has 176 retail banking branches and 330 ATMs across its four-state region.

Webster's last de novo branch opening was in August when it opened a banking office in Newtown, CT.

Webster Financial Corporation is the holding company for Webster Bank, National Association and Webster Insurance. With $18.1 billion in assets, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 176 banking offices, 330 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, Member FDIC and equal housing lender.

For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.WebsterOnline.com

CONTACT:
Webster Bank
Media:
Clark Finley
203-578-2287
cfinley@websterbank.com

SOURCE Webster Bank