WATERBURY, Conn., February 16, 2010 – Webster Bank, the main subsidiary of Webster Financial Corporation (NYSE: WBS), announced that Peter Mosbacher has joined the company as senior vice president of community development.
In his position, Mosbacher will focus on creating strategic partnerships with developers, government agencies and non-profit community-based organizations involved with affordable housing and economic development across the bank’s four state footprint extending from Boston to Westchester County, New York. Mosbacher will also be available to provide technical assistance to communities and non-profits engaged in community revitalization efforts.
Mosbacher has 30 years of professional community development experience in both the non-profit and banking sectors. He joins Webster from Amalgamated Bank in New York City, where he most recently served as senior vice president for Community Reinvestment Act & Community Development. Prior to Amalgamated Bank, Mosbacher held similar positions at The Bank of New York and Citibank.
Mosbacher earned a BA in Environmental Design and Planning from SUNY-Buffalo and has a Certificate in Real Estate Finance from New York University. He serves on numerous boards and committees including the Connecticut Statewide Local Initiatives Support Corporation Local Advisory Committee and the Connecticut Community Economic Development Fund.
About WebsterWebster Financial Corporation is the holding company for Webster Bank, National Association. With $17.7 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 501 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, 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 http://www.websterbank.com/.SOURCE Webster Financial Corporation