Is Webster Bank a mid size bank? (2024)

Is Webster Bank a mid size bank?

At Webster Bank, one of our main focuses is making sure you have a banking institution that's stable, secure, and strong. We are proud of the fact that we significantly exceed the Federal Reserve's definition of “well -capitalized” and are among their top 15% of mid-sized banks in the U.S.

Is Webster Bank considered a big bank?

With over $70 billion in assets, we offer digital and traditional service delivery through our differentiated lines of business: Commercial Banking, Consumer Banking and HSA Bank, one of the country's largest providers of employee benefits solutions.

How does Webster Bank rank?

RepTrak Reputation of Commercial Banks

Webster is the top CT-based bank among customers in the 2023 RepTrak reputation survey of America's 40 largest commercial banks.

Is Webster Bank financially stable?

DBRS, Inc. (DBRS) has today confirmed the ratings of Webster Financial Corporation (Webster or the Company), and its related entities, including its BBB Issuer & Senior Debt rating and R-2 (middle) Short-Term Instruments rating. The trend on all ratings remains Stable.

What is the asset size of Webster Bank?

Webster Financial total assets for 2023 were $74.945B, a 5.15% increase from 2022. Webster Financial total assets for 2022 were $71.278B, a 104.14% increase from 2021. Webster Financial total assets for 2021 were $34.916B, a 7.13% increase from 2020.

Is Webster Bank strong?

Stable and Strong

At Webster Bank, one of our main focuses is making sure you have a banking institution that's stable, secure, and strong. We are proud of the fact that we significantly exceed the Federal Reserve's definition of “well -capitalized” and are among their top 15% of mid-sized banks in the U.S.

How is Webster Bank doing financially?

Average interest-earning assets totaled $66.6 billion and increased by $2.6 billion, or 4.1 percent. Average loans and leases totaled $50.4 billion and increased by $1.8 billion, or 3.7 percent. Average deposits totaled $60.0 billion and increased by $5.9 billion, or 11.0 percent.

What bank took over Webster Bank?

Sterling Webster Merger - Webster Bank.

What bank bought out Webster Bank?

The approximately $10 billion merger completed last week by the parent companies of Webster Bank and Sterling National Bank ranks among the largest corporate deals in Connecticut's history. By combining, Webster and Sterling have created one of the largest commercial banks in the Northeast.

Why choose Webster Bank?

Webster's personal mobile banking is the easiest, most convenient—and secure—way to manage your finances. With just your smartphone and a swipe of your finger, you can access account history, deposit checks remotely, transfer funds between accounts, pay bills, pay friends with Zelle®, and more.

How secure is Webster Bank?

Is Webster Mobile Deposit secure? Webster Mobile Deposit is protected by several layers of security including SSL encryption technology to protect your financial activities.

Is Webster Bank merging with another bank?

Webster Bank's new logo, shown here, was unveiled Tuesday as the bank completed its merger with Sterling Bancorp.

What is Moody's rating of Webster Bank?

Among the ratings that Moody's affirmed were the Baa1 issuer ratings of the company and the bank. The rating agency also affirmed the bank's A1 long-term deposits rating, P-1 short-term deposits rating and a3 stand-alone baseline credit assessment.

What is the financial strength of Webster Bank?

Webster Financial has total assets of $74.9B and total equity of $8.7B. Total deposits are $60.8B, and total loans are $50.1B. It earns a Net Interest Margin of 3.5%.

Is Webster Bank considered a regional bank?

Webster Bank is a regional bank with locations primarily in the New England area. It offers a wide variety of banking products, including a full suite of deposit accounts including checking accounts, savings accounts and certificates of deposit (CDs) in addition to health savings accounts (HSAs) and lending products.

Is Webster Bank FDIC insured?

Your deposits with Webster Five Cents Savings Bank in Massachusetts are insured by the Federal Deposit Insurance Corporation (FDIC) and through the Depositors Insurance Fund (DIF) At Webster Five, we understand how hard you've worked to build your financial life.

What is the safest bank in us?

Summary: Safest Banks In The U.S. Of March 2024
BankForbes Advisor RatingLearn More
Chase Bank5.0Learn More Read Our Full Review
Bank of America4.2
Wells Fargo Bank4.0Learn More Read Our Full Review
Citi®4.0
1 more row
Jan 29, 2024

Was Webster Bank downgraded by Moody's?

The banks downgraded are Amarillo National, Associated Banc-Corp, BOK Financial, Commerce Bancshares, Fulton Financial, M&T Bank, Old National Bancorp, Pinnacle Financial Partners, Prosperity Bank and Webster Financial Corp.

Which bank is most trustworthy?

Top 15 Bank Brands Ranked – 2022 America's Most Trusted Study
  • Ally Bank.
  • Citizens Bank.
  • Bank of the West.
  • US Bank.
  • SunTrust.
  • Union Bank.
  • Wells Fargo.
  • HSBC.

How much does the CFO of Webster Bank make?

Compensation by Company
Name And TitleTotal CompensationPay Rank By Title
Glenn I. MacInnes Chief Financial OfficerTotal Compensation $3,359,957 View detailsPay Rank By Title #1015 View more
John R. Ciulla President and Chief Executive OfficerTotal Compensation $8,076,856 View detailsPay Rank By Title #1230 View more
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Is Webster Bank a private bank?

Disclosures. Investment, trust, credit and banking services are offered by Webster Private Bank, a division of Webster Bank, N.A.

How long has Webster Bank been around?

History. Webster was founded in 1935 by Harold Webster Smith as the First Federal Savings of Waterbury in Connecticut. Only 24 years old, Smith borrowed from family and friends to found the lending institution providing home loans to Connecticut citizens.

What is the Webster Bank controversy?

(“Guardian”), Actimize, Inc. (“Actimize”), and Webster Bank, N.A. (“Webster Bank”) has been reached in a class action lawsuit against Defendants. The lawsuit asserted claims against Defendants arising out of or related to a cyberattack against Guardian that occurred between November 27, 2022, and January 22, 2023.

Where is the headquarters for Webster Bank?

Is Webster Bank part of Zelle?

It's easy — Zelle® is already available within Webster Bank's personal mobile banking app and online banking! Check our app or sign-in online and follow a few simple steps to enroll with Zelle® today. What if I want to send money to someone whose bank doesn't offer Zelle®?

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