Webster Announces Exclusive Partnership Aimed at Providing Accessible, Inclusive Financial Education and Services

Rhea-AI Summary

Webster Bank, in partnership with Career Resources, Inc., has launched 'The Bridge on Main' initiative aimed at providing tailored banking services and job training for vulnerable populations in Bridgeport, CT. The program, set to launch in mid-2024, will focus on addressing barriers to employment and enhancing economic equity. Webster Bank is investing $750,000 as part of its Community Investment Strategy, promoting financial education and volunteer opportunities for employees. This initiative underscores Webster's commitment to community development and support, aligning with its core values.

Positive

• Investment of $750,000 demonstrates strong commitment to community support.
• Initiative aims to enhance economic equity and employment opportunities in Bridgeport.
• Partnership with a reputable non-profit amplifies project credibility and outreach.

Negative

• None.

STAMFORD, CT / ACCESSWIRE / March 29, 2023 / Webster Bank, together with Career Resources, Inc. (CRI), a leading workforce development non-profit serving Bridgeport, Connecticut, announced an exclusive partnership on their latest ground-breaking initiative, "The Bridge on Main," which will offer banking products and services specifically tailored for the most vulnerable populations of the city.

The Bridge on Main project, slated to launch in mid-2024, will serve as a collaborative resource center supporting system-impacted individuals and their families. The Bridge on Main will provide access to job training and placement services, aiming to address systemic barriers to employment, economic equity, and community reintegration.

"The Bridge on Main will increase access, inclusion and opportunity in the Bridgeport area," said Chief Corporate Responsibility Officer Marissa Weidner.

"Our participation in The Bridge on Main goes beyond financial support. Our Community Liaison Officers and Community Banking Center Managers will deliver financial education and share their expertise, and Webster colleagues will have opportunities to volunteer with the program. We'll also offer on-site access to financial services for participants and their families," added Weidner. ,/p>

Webster Bank has committed $750,000 to The Bridge on Main project. This investment is part of Webster's Community Investment Strategy, which aims to support and enhance development within Webster's local communities.

Webster's Office of Corporate Responsibility (OCR) manages Webster's Community Investment Strategy, as well as all community-facing activities across the organization, with an emphasis on Webster's values of integrity, collaboration, accountability, agility, respect and excellence. The Bridge on Main initiative speaks to these values and aligns with the Community Investment Strategy focus areas of community development and community support.

About Webster

Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, National Association and its HSA Bank Division. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and its HSA Bank division, one of the country's largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with over $70 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including our latest annual report, please visit our About page. To find our latest press releases, visit the Webster Newsroom.

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Contact Info:
Spokesperson: Webster Bank
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SOURCE: Webster Bank

View source version on accesswire.com:
https://www.accesswire.com/746439/Webster-Announces-Exclusive-Partnership-Aimed-at-Providing-Accessible-Inclusive-Financial-Education-and-Services

FAQ

What is the Bridge on Main initiative launched by WBS?

The Bridge on Main is a partnership initiative by Webster Bank and Career Resources, Inc., aimed at providing tailored banking services and job training for vulnerable populations in Bridgeport, CT.

How much is Webster Bank investing in the Bridge on Main project?

Webster Bank is committing $750,000 to the Bridge on Main initiative as part of its community investment strategy.

When is the Bridge on Main initiative set to launch?

The Bridge on Main initiative is slated to launch in mid-2024.

How does the Bridge on Main align with Webster Bank's values?

The initiative aligns with Webster Bank's core values by promoting community development, economic equity, and financial education.