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

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Webster Financial Corporation : Local Webster Banker Promoted to Senior Vice President

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04/12/2013 | 04:09pm CET
Media Contact: Investor Contact:

Sarah Barr, 203-578-2287 Terry Mangan, 203-578-2318 sbarr@websterbank.com tmangan@websterbank.com

Local Webster Banker Promoted to Senior Vice President WATERBURY, Conn., April 9, 2013 - Webster Bank, a leading regional bank serving businesses and consumers from Westchester County, N.Y. to Boston, Mass., announced today the promotion of Mina Minelli to senior vice president, consumer finance as a result of her significant contributions, demonstrated leadership, and increased responsibilities.

Minelli has been with Webster for five years but has more than 20 years in the Financial Services industry. She manages a team of mortgage originators that support the financial needs of customers in the Greater New Haven area.
"The Consumer Finance Mortgage team experienced tremendous growth and had a remarkable year in
2012," said Simon Tahan, senior vice president, director of consumer finance sales. "Mina delivered against all of our top strategic priorities and provided our customers with an exceptional home lending experience that put Webster Bank on the map with top competitors across the country. We are proud of her accomplishments and commitment to continued success."
Minelli is a resident of New Haven, Conn. She earned her undergraduate degree in finance and graduate degree in Urban Planning from Southern Connecticut State University. She is on the Board of Directors of Farnam Neighborhood House.

***

About Webster

Webster Financial Corporation (NYSE: WBS) is the holding company for Webster Bank, N.A. With $20 billion in assets, Webster provides business and consumer banking, mortgages, financial planning, trust and investment services through 168 banking offices; 294 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 www.websterbank.com or follow us on LinkedIn http://linkedin.com/company/webster-bank and Twitter https://twitter.com/WebsterBank.

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Financials ($)
Sales 2016 717 M
EBIT 2016 297 M
Net income 2016 194 M
Debt 2016 -
Yield 2016 1,88%
P/E ratio 2016 24,71
P/E ratio 2017 22,39
Capi. / Sales 2016 6,67x
Capi. / Sales 2017 6,24x
Capitalization 4 783 M
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Consensus
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Mean consensus HOLD
Number of Analysts 13
Average target price 45,1 $
Spread / Average Target -14%
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Managers
NameTitle
James Copenhaver Smith Chairman & Chief Executive Officer
John R. Ciulla President
Glenn I. MacInnes Chief Financial Officer & Executive Vice President
Colin D. Eccles Chief Information Officer & Executive VP
Laurence C. Morse Independent Director
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