WATERBURY, Conn., Oct. 30 /PRNewswire-FirstCall/ -- Webster Bank, National
Association, a subsidiary of Webster Financial Corporation (NYSE: WBS),
announced that it has lowered its prime lending rate to 4.00 percent from 4.50
percent effective today. Webster last changed its prime rate on Oct. 8, 2008.
Webster Financial Corporation is the holding company for Webster Bank,
National Association. With $17.5 billion in assets, Webster provides business
and consumer banking, mortgage, financial planning, trust and investment
services through 181 banking offices, 484 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, Conn., 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.
SOURCE Webster Financial Corporation
-0- 10/30/2008
/CONTACT: Media, Ed Steadham, +1-203-578-2287, esteadham@websterbank.com,
or Investors, Terry Mangan, +1-203-578-2318, tmangan@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; Webster Bank, National Association
ST: Connecticut
IN: FIN
SU:
PR
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2864 10/30/2008 11:14 EDT http://www.prnewswire.com