WATERBURY, Conn., February 4, 2011 — Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank , announced today that James C. Smith, its chairman, president and chief executive officer, has been appointed to the board of directors of the Financial Services Roundtable in Washington, D.C.
The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Roundtable member companies, which include Webster, provide fuel for America 's economic engine, accounting directly for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.
”Jim is highly respected by his peers, and a leader in the financial services industry,” said Steve Bartlett, the Roundtable's president and CEO. “He is well known for his fairness and above all, his integrity. We are honored to have him join our board of directors.”
Smith was appointed to the Roundtable board for a three-year term. He is also co-chairman of the American Bankers Council, is on the executive committee of the Connecticut Bankers Association and recently completed a three-year term as a member of the board of directors of the Federal Reserve Bank of Boston.
“The Roundtable exists to protect and promote the economic vitality and integrity of its members and the United States ' financial system,” Smith said. “The Roundtable's leadership will be critically important during the implementation phase of the Dodd-Frank Act regarding regulatory reform. Our nation's economic recovery will benefit from an American financial system that efficiently and effectively meets the needs of business and consumers for credit, savings, insurance and investment products.”
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, 499 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 www.websterbank.com.
Media Contact
Robert Guenther, senior vice president, public affairs
203-578-2391, rguenther@websterbank.com