WATERBURY, Conn., March 18 /PRNewswire-FirstCall/ -- Webster Bank,
National Association, a subsidiary of Webster Financial Corporation (NYSE:
WBS), announced today that it has lowered its prime lending rate to 5.25
percent from 6.00 percent effective today. Webster last changed its prime
rate on January 30, 2008.
Webster Financial Corporation is the holding company for Webster Bank,
National Association and Webster Insurance. With $17.2 billion in assets,
Webster provides business and consumer banking, mortgage, insurance, financial
planning, trust and investment services through 181 banking offices, 343 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. 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.
Media Contact:
Ed Steadham, 203-578-2287
esteadham@websterbank.com
or
Investor Contact:
Terry Mangan, 203-578-2318
tmangan@websterbank.com
SOURCE Webster Financial Corporation