WATERBURY, Conn., March 1, 2010 –Webster Bank, the main subsidiary of Webster Financial Corporation (NYSE: WBS), has named Robert Kostraba to the position of senior vice president, secondary market trading.
Within Webster’s consumer finance organization, Kostraba now has responsibility for managing all residential loan pricing along with secondary market activities. He also leads the secondary markets group and oversees originations, pricing, and portfolio versus sell strategy and execution for first mortgage products.
Kostraba joined Webster in 2001 and served as vice president, secondary market trading manager, before his appointment to SVP. Prior to Webster, Kostraba worked at First Nationwide Mortgage Corporation from 1997 to 2001 and with First Federal Savings and Loan of Rochester (N.Y) from 1988 to 2001, in a variety of positions related to the secondary market.
Kostraba has a bachelor’s degree from St. John Fisher College of Rochester, N.Y.
About Webster
Webster 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 www.websterbank.com.
Media Contact:
Ed Steadham, 203-578-2287
esteadham@websterbank.com
Investor Contact:
Terry Mangan
203-578-2318
tmangan@websterbank.com