Webster Financial Corporation (WBS)

45.10 -0.89 (-1.94%) At close: 04:00PM EDT

Webster Financial Corporation

200 Elm Street
Stamford, CT 06902
United States
203 578 2202
https://public.websteronline.com

Sector(s): Financial Services
Industry: Banks—Regional
Full Time Employees: 2,424

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. John R. Ciulla	Pres, CEO & Director	2.74M	801.13k	1966
Mr. Glenn I. MacInnes	Exec. VP & CFO	1.18M	895.22k	1961
Mr. Daniel H. Bley	Exec. VP & Chief Risk Officer	860.26k	N/A	1969
Mr. Charles L. Wilkins	Exec. VP & Head of HSA Bank	885.31k	N/A	1962
Mr. Christopher J. Motl	Exec. VP & Pres of Commercial Banking	1.35M	N/A	1971
Mr. Jack L. Kopnisky	Exec. Chairman	N/A	N/A	1956
Mr. Luis Massiani	COO & Exec. VP	N/A	N/A	1977
Mr. Albert J. Wang CPA, CPA	Exec. VP & Chief Accounting Officer	N/A	N/A	1975
Mr. Vikram Nafde	Exec. VP & Chief Information Officer	N/A	N/A	N/A
Mr. Terrence K. Mangan	Sr. VP of Investor Relations	N/A	N/A	N/A

Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment provides lending, deposit, and cash management services; commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services; wealth management solutions to business owners, operators, and consumers; and trust, asset management, financial planning, insurance, retirement, and investment products. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Retail Banking segment provides deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers. The company also offers online and mobile banking services. As of December 31, 2021, it operated 130 banking centers and 251 ATMs. The company was founded in 1935 and is headquartered in Stamford, Connecticut.

Corporate Governance

Webster Financial Corporation’s ISS Governance QualityScore as of September 1, 2022 is 2. The pillar scores are Audit: 5; Board: 3; Shareholder Rights: 3; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.