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4-Traders Homepage  >  Equities  >  Nyse  >  Webster Financial Corporation    WBS

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WEBSTER FIN : Webster Bank Offers Special Assistance for Local Customers and Homeowners Affected by Tropical Storm Irene

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08/29/2011 | 09:55pm CET

WATERBURY, Conn., Aug. 29, 2011 /PRNewswire via COMTEX/ --

Webster Bank is offering special assistance to customers and homeowners in Connecticut, New York, Rhode Island and Massachusetts affected by Tropical Storm Irene. The assistance plan includes special rates on new home improvement loans and, to ensure that customers have access to cash when they need it most, a temporary fee waiver for use of non-Webster ATMs.

James C. Smith, chairman and CEO of Webster Bank, said, "For more than 75 years, we have been helping our customers and communities meet their financial needs - especially during life's setbacks. As a bank founded by my father during the Great Depression, 'being there' is in our DNA. Our neighbors who have been impacted by Irene can count on us to assist with special terms on financial products and services, delivered by understanding Webster bankers whose families have also been affected by the storm."

Offer Details:

  • New Webster Unsecured Personal Home Improvement Loan at an interest rate that is 1.5 percentage points below the standard rate. With loan amounts of $1,000 - $15,000 available, this fixed rate loan will provide a simple way for affected residents to gain fast access to funds. This offer is valid through September 30, 2011.
  • Waiver of foreign ATM fees incurred from August 27, 28, 29 and 30. We expect most of our ATMs to be operational. But if you are unable to get to a Webster ATM in your area during this timeframe, we won't charge you for using another's. However, you may be charged by the bank that owns the ATM.

Current and prospective customers should contact their local Webster branch or call the Webster Customer Care Center at 888-493-2783.

Small business owners impacted by Irene may contact Webster and have a small business specialist meet with you at your company about their financing needs. To make an appointment, call 877-864-2037 or any Webster branch.

All credit products, pricing and overdraft protection are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $18.0 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 176 banking offices, 495 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; 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:

Brenda Greene (401) 228-2083

bgreene@websterbank.com

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SOURCE Webster Financial Corporation

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Financials ($)
Sales 2016 717 M
EBIT 2016 297 M
Net income 2016 194 M
Debt 2016 -
Yield 2016 1,85%
P/E ratio 2016 25,08
P/E ratio 2017 22,72
Capi. / Sales 2016 6,77x
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Capitalization 4 853 M
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Average target price 46,4 $
Spread / Average Target -12%
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James Copenhaver Smith Chairman & Chief Executive Officer
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