Empowering Our Communities: How Webster Bank Is Supporting Financial Literacy

Rhea-AI Summary

Webster Bank is committed to supporting the financial well-being of the communities it serves by providing financial education and resources to individuals and small businesses in low- to moderate-income areas. Through its Community Investment Strategy, the bank aims to address the need for improved financial literacy skills.

Opportunities to Provide Financial Education to Help Build Future Financial Well-being.

Originally published by Connecticut Bankers Association

By Marissa Weidner, Chief Corporate Responsibility Officer, Webster Bank

STAMFORD, CT / ACCESSWIRE / May 9, 2024 / Webster Bank has long supported the communities we serve by providing loans, investments, technical assistance, and financial services to individuals and small businesses in low- to moderate-income (LMI) areas. We believe it's important to listen to the needs of our communities, so in developing Webster's multi-year Community Investment Strategy, my team and I spoke with more than 100 community groups to better understand their challenges. Across the bank's footprint, we heard about the need to build financial literacy skills.

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This article originally appeared in the First Quarter 2024 issue of CBA Quarterly, which is the official magazine the Connecticut Bankers Association.

View additional multimedia and more ESG storytelling from Webster Bank on 3blmedia.com.

Contact Info:
Spokesperson: Webster Bank
Website: https://www.3blmedia.com/profiles/webster-bank
Email: info@3blmedia.com

SOURCE: Webster Bank

View the original press release on accesswire.com

FAQ

What is Webster Bank doing to support financial literacy?

Webster Bank is providing loans, investments, technical assistance, and financial services to individuals and small businesses in low- to moderate-income areas, as well as developing a multi-year Community Investment Strategy.

What is the focus of Webster Bank's Community Investment Strategy?

The focus of Webster Bank's Community Investment Strategy is to address the need for improved financial literacy skills in the communities it serves.

Where can I find more information about Webster Bank's initiatives?

You can visit Webster Bank's website or contact them via email for more information on their initiatives.

When was the article originally published?

The article was originally published in the First Quarter 2024 issue of CBA Quarterly, the official magazine of the Connecticut Bankers Association.

What is the source of the press release?

The press release was issued by Webster Bank and can be viewed on accesswire.com.