New Regional Business Banking Center represents nearly $3.5 million investment in Westchester market
WHITE PLAINS, New York, January 25, 2011 — Webster Bank today held a ribbon-cutting ceremony at its new regional headquarters in downtown White Plains, a facility that represents a nearly $3.5 million investment in facilities, new jobs and marketing in the Westchester County marketplace.
The new Webster Regional Business Banking Center is located at 1 North Broadway. In addition to acting as regional headquarters, the center is designed to focus on the needs of the Westchester business community. Twelve Webster bankers work there, including teams from Webster's commercial banking, small business banking, government and not-for-profit banking, consumer finance and retail banking units.
“With our seventh regional business banking center that just opened in the heart of White Plains, Webster Bank is deepening its commitment to Westchester and expanding its all-star team of local business bankers serving in this dynamic business community,” said James C. Smith, Webster's chairman and CEO.
“Since we opened our first branch in Westchester seven years ago, Westchester businesses have come to appreciate the Webster difference in helping them reach their goals,” Smith added. “Webster's homegrown bankers take the time to understand their customers' business and financial needs and to identify the best solutions to help them grow. Last year, we originated more than $550 million in new loans to businesses of all sizes across our four-state region. Increasingly, Westchester businesses will be looking to Webster Bank to achieve their financial goals.”
Webster operates six other regional headquarters, located in Waterbury , Stamford , New Haven and Hartford , Conn. , along with Providence , R.I. , and Boston , Mass. Webster is the largest independent commercial bank based in New England .
Webster entered the Westchester County market in 2003 with a branch in Scarsdale , N.Y. , and since then has opened seven additional branches with two in White Plains , two in Yonkers , and single locations in Rye , Larchmont and New Rochelle .
The new Webster Regional Business Banking Center opened for business in November 2010, culminating a year-long ramp up of resources in Westchester County for Webster. Deposits doubled for the bank here in 2010, growing from $352 million to more than $700 million. For convenience, the new Webster Regional Business Banking Center also has a full-service ATM.
Brendan Sachtjen, Webster's regional president for New York , whose offices are in the new center, said Webster plans to add still more business bankers to the area in 2011.
“This new facility brings together in one location the totality of Webster's business banking capabilities from commercial loans and cash management products to private banking, investment management and government and not-for-profit banking,” Sachtjen said. “We've expanded our team with some of the most talented bankers in Westchester . They are individuals who have been meeting the banking needs of Westchester for decades and now they're serving their clientele as members of the Webster team.”
About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $18 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; 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/.
Media Contact:
Alison Skratt
Webster Bank Public Affairs
860-881-0519
askratt@websterbank.com