Webster Declares Convertible Preferred Stock Dividend

Feb 23, 2009

WATERBURY, Conn., Feb. 23 /PRNewswire-FirstCall/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., today announced that its Board of Directors declared a regular quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock.

The dividend for the 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock is payable on March 16, 2009 to shareholders of record on March 1, 2009.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.6 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 492 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-                           02/23/2009
    /CONTACT:  Media:  Ed Steadham, +1-203-578-2287,
esteadham@websterbank.com; Investor: Terry Mangan, +1-203-578-2318,
tmangan@websterbank.com/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/20050421/NYTH039LOGO/
    /Web Site:  www.websteronline.com /
    (WBS)

CO:  Webster Financial Corporation; Webster Bank, National Association

ST:  Connecticut
IN:  FIN
SU:  DIV

PR
-- NY74147 --
4147 02/23/200914:51 ESThttp://www.prnewswire.com