WATERBURY, Conn., June 15 /PRNewswire-FirstCall/ -- Webster Financial
Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced
today that Douglas O. Hart has joined the company as Senior Vice President-
Chief Accounting Officer. In this capacity, he will be responsible for all
accounting and treasury operations of both Webster Financial Corporation and
Webster Bank. Hart will report directly to Webster Chief Financial Officer
Jerry Plush.
Hart has more than 30 years of experience in financial services. Most
recently, he was senior executive vice president-treasury operations and
deposits for MBNA Corporation in Wilmington, Delaware, where he was also
responsible for directing the company's asset liability management and
securitization servicing areas, with responsibility for over 400 managers and
staff. Before his tenure with MBNA, he was senior vice president of
accounting and financial operations at MNC Financial in Baltimore, Maryland
and prior to that he worked with Baker Watts and Company as vice president and
controller.
"Doug is a significant addition to the senior management team here at
Webster" stated Jerry Plush, Webster's Chief Financial Officer. "His
extensive accounting, operations and overall financial services experience
will enable him to make an immediate contribution to our company."
Hart earned a B.A. from Loyola College in Maryland. He is a Certified
Public Accountant and a member of the Maryland Association of CPA's.
Webster Financial Corporation is the holding company for Webster Bank,
National Association and Webster Insurance. With $16.9 billion in assets,
Webster provides business and consumer banking, mortgage, insurance, financial
planning, trust and investment services through 177 banking offices, 334 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.
Media Contact
Clark Finley 203-578-2287
cfinley@websterbank.com
Investor Contact
Terry Mangan 203-578-2318
tmangan@websterbank.com
SOURCE Webster Financial Corporation