WATERBURY, Conn., Dec 11, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Webster Financial
Corporation (NYSE: WBS) announced today that its wholly-owned subsidiary,
Webster Bank, National Association, has entered into an agreement to place its
brand on 158 ATMs in select Walgreens' pharmacy stores in Massachusetts, Rhode
Island and Connecticut. Approximately 150 of the new ATMs will be in Webster's
Massachusetts and Rhode Island market regions. The project is scheduled to
begin and reach completion in the first quarter of 2008.
Webster will not charge withdrawal fees to customers who use their Webster
debit or ATM cards in these new ATMs.
"Webster continues to find a way to provide our customers better
convenience and access to our services," stated Webster Chairman and Chief
Executive Officer James C. Smith. "This branding agreement is an excellent
complement to Webster's branch expansion program and establishes another
distribution platform for our future growth in Rhode Island and the Boston
market."
With the completion of this ATM program coupled with the company's plans
for continuing expansion strategies, Webster expects to have more than 500
ATMs operating in its footprint by the second quarter of 2008.
Webster Financial Corporation is the holding company for Webster Bank,
National Association and Webster Insurance. With $16.8 billion in assets,
Webster provides business and consumer banking, mortgage, insurance, financial
planning, trust and investment services through 179 banking offices, 339 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
www.websteronline.com.
CONTACT: Webster Bank
Media:
Arthur House 203-578-2391
ahouse@websterbank.com
or
Investors:
Terry Mangan 203-578-2318
tmangan@websterbank.com
SOURCE Webster Financial Corporation