WATERBURY, Conn., July 27, 2010 – Webster Bank, N.A., a subsidiary of Webster Financial Corporation (NYSE: WBS), announced today that it has been named the principal provider of working capital and equipment financing for Manafort Brothers, Inc.
In addition, Webster provides depository, cash management and investment advisory services to Manafort Brothers. One of the top 500 privately held businesses in the United States, Manafort Brothers is a 90-year old, fourth-generation construction company based in Plainville, Conn. It is one of the largest contractors in Connecticut, specializing in site development, demolition, excavation, concrete, highway, waste removal and recycling.
"Webster is pleased that Manafort Brothers, one of the Connecticut’s most significant family-owned businesses and a leader in their field, has entrusted Webster to meet their credit and cash management needs," said Kevin Flaherty, senior vice president, middle market, Webster Bank.
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, 500 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, Webster Capital Finance, Inc., 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