WATERBURY, Conn., April 13 /PRNewswire-FirstCall/ -- Webster Financial
Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced
that its Board of Directors has elected Karen R. Osar to membership on
Webster's board, effective April 12, 2006.
Osar is executive vice president and chief financial officer of Chemtura
Corporation, the specialty chemicals company in Middlebury, CT, having served
in this capacity since 2004. Osar is responsible for managing the corporate
controllership and treasury functions as well as tax, auditing and investor
relations. She was previously senior vice president and chief financial
officer of MeadWestvaco Corporation in Stamford, CT, and also served as vice
president and treasurer of Tenneco Inc. in Houston, TX and Greenwich, CT.
Prior to those positions, Osar spent nineteen years with J.P. Morgan &
Company, reaching the position of managing director of corporate finance
Osar received a B.A. in Latin American Studies from Smith College and an
M.B.A. in Finance from Columbia University.
Osar is a director of the Bank of New York Hamilton Mutual Funds and
Encore Medical Corporation.
She resides in Wilton, CT.
Webster Financial Corporation is the holding company for Webster Bank,
National Association and Webster Insurance. With $17.8 billion in assets,
Webster provides business and consumer banking, mortgage, insurance, financial
planning, trust and investment services through 157 banking offices, 304 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
http://www.WebsterOnline.com.
Media Contact:
Clark Finley, 203-578-2287
cfinley@websterbank.com
SOURCE Webster Financial Corporation
-0- 04/13/2006
/CONTACT: Clark Finley
Webster Financial Corporation
+1-203-578-2287
cfinley@websterbank.com/
/Photo: http://www.newscom.com/cgi-bin/prnh/20050421/NYTH039LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com/
/Web site: http://www.WebsterOnline.com /
(WBS)
CO: Webster Financial Corporation
ST: Connecticut
IN: FIN
SU: PER
EM-MV
-- NYTH098 --
9637 04/13/2006 14:40 EDT http://www.prnewswire.com