Webster Financial : Bank Optimization Set for Fourth Quarter
October 17, 2014 at 04:43 pm EDT
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Sarah Barr, 203-578-2287 Terry Mangan, 203-578-2318 sbarr@websterbank.commailto:tmangan@websterbank.comtmangan@websterbank.com
Webster Bank Optimization Set for Fourth Quarter
WATERBURY, Conn., October 17, 2014 - Webster Bank, a leading regional bank serving businesses and consumers in the northeast, will continue the process of optimizing its banking center network to better serve its customers. Webster is moving one of its Bristol banking centers to a more convenient location and combining a Longmeadow, Mass., site with a nearby one.
In December, the banking center at 647 Farmington Avenue in Bristol will move across the very same plaza at
575 Farmington Avenue, where it will be combined with what is today a drive-up only location.
The new, state-of-the-art banking center in Bristol will be 3,600 square feet and feature Webster's new "pod" system instead of a traditional teller line to provide an open space that's conducive to more personal interaction; 24-hour walk-up deposit automated ATM; electronic coin-counting machine; and digital video displays. As with Webster's other banking center locations, universal bankers will serve as a single point of contact for consumer and business needs.
"The major renovation in Bristol is just the latest example of our commitment to investing in our communities in ways," said Nitin Mhatre, executive vice president and head of community banking. "Our customers' preferences and expectations are constantly evolving, and we will continue to make investments that enable us to live up to their needs by delivering a broad range of financial products and services with personalized, exceptional service across all channels."
Additionally, the Longmeadow, Mass., location will be consolidated into the East Longmeadow banking center on October 17, less than five miles away at 62 Center Square. It offers a drive-up window, drive-up ATM, and extended hours not available in Longmeadow. Webster remains committed to serving the needs and providing exceptional service to customers in Longmeadow, by maintaining an ATM there, as well as providing these customers with special product offers, to help ensure a smooth transition to the new location.
About Webster
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Webster Financial Corporation is the holding company for Webster Bank. With $22 billion in assets, Webster provides business and consumer banking, mortgages, private banking, trust and investment services through 165 banking offices; 311 ATMs; telephone banking; mobile 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/www.websterbank.comor follow us on LinkedIn http://linkedin.com/company/webster-bankhttp://linkedin.com/company/webster-bankand Twitter https://twitter.com/WebsterBank.
Webster Financial Corporation is the holding company for Webster Bank, N.A. and its HSA Bank division. The Company's segments include Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment serves businesses with more than two million dollars of revenue through its commercial real estate and equipment finance, business banking, asset-based lending and commercial services, private banking, treasury management and other business units. The HSA Bank segment offers a comprehensive consumer-directed employee benefit and healthcare solution that includes health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter benefits. The Consumer Banking segment operates a distribution network, throughout southern New England and the New York metro and suburban markets, that comprises approximately 198 banking centers and 349 automated teller machines, a customer care center and a full range of Web and mobile-based banking services.
WEBSTER FINANCIAL CORPORATION 
