Webster Financial Corporation (WBS)

55.72 -3.40 (-5.75%) At close: 1:00PM EST

Webster Financial Corporation

145 Bank Street
Waterbury, CT 06702
United States
203 578 2202
http://public.websteronline.com

Sector(s): Financial Services
Industry: Banks—Regional
Full Time Employees: 3,345

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. John R. Ciulla	Chairman, Pres & CEO	1.96M	N/A	1966
Mr. Glenn I. MacInnes	Exec. VP & CFO	951.07k	N/A	1961
Mr. Nitin J. Mhatre	Advisor to Chief Exec. Officer	985.65k	N/A	1971
Mr. Daniel H. Bley	Exec. VP & Chief Risk Officer	714.19k	N/A	1969
Mr. Charles L. Wilkins	Exec. VP	731.18k	N/A	1962
Mr. Christopher J. Motl	Exec. VP & Head of Commercial Banking	1.07M	N/A	1971
Mr. Albert J. Wang CPA, CPA	Sr. VP & Chief Accounting Officer	N/A	N/A	1975
Ms. Karen A. Higgins-Carter	Exec. VP & Chief Information Officer	N/A	N/A	1970
Mr. Terrence K. Mangan	Sr. VP of Investor Relations	N/A	N/A	N/A
Ms. Kristen Manginelli	Sr. VP of Investor Relations	N/A	N/A	N/A

Amounts are as of December 31, 2020 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 Community Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services. This segment also offers asset management, financial planning and trust services, and deposit and loan products for high net worth clients, not-for-profit organizations, and business clients. The HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions to employers for the benefit of their employees and individuals. The Community Banking segment offers deposit and fee-based services, residential mortgages, home equity lines or loans, unsecured consumer loans, and credit cards to consumers, as well as investment and securities-related services, including brokerage and investment advice through a strategic partnership with LPL Financial Holdings Inc. This segment also provides credit, deposit, and cash flow management products to businesses and professional service firms. The company also offers online and mobile banking services. As of February 12, 2021, it operated 155 banking centers and 297 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.

Corporate Governance

Webster Financial Corporation’s ISS Governance QualityScore as of September 26, 2021 is 2. The pillar scores are Audit: 4; 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.