Webster Bank Announces Funding for First Connecticut-based Finance Lab
Webster Bank has announced the launch of Connecticut's first Webster Finance Lab in collaboration with the Wakeman Boys & Girls Club, funded by a $100,000 grant from the Webster Bank Charitable Foundation. This initiative aims to provide students with essential financial skills and economic empowerment opportunities. Located in Bridgeport, the lab will serve over 1,000 children from nine local schools, focusing on those from low-to-moderate income backgrounds. This marks the third Finance Lab following successful launches in Yonkers and the Bronx, as Webster seeks to enhance youth financial education and workforce development.
- Investment of $100,000 grants for youth financial education.
- Partnership with Wakeman BGC expands outreach in LMI communities.
- Ability to serve over 1,000 children annually, focusing on underserved demographics.
- None.
STAMFORD, CT / ACCESSWIRE / February 8, 2023 / Webster Bank, together with the Wakeman Boys & Girls Club (BGC), today announced the funding for Connecticut's first Webster Finance Lab, which will be housed in Wakeman's planned Madison Avenue, Bridgeport location.
The Connecticut location is the third of several planned Finance Lab collaborations Webster is implementing throughout its footprint. Earlier this year, Webster launched programs in Yonkers and the Bronx, New York.
The Webster/Wakeman BGC Finance Lab will provide students in Wakeman's service area with opportunities to gain the skills needed for economic empowerment and financial success.
The program is funded by a
Webster's signature initiative is designed to help its nonprofit partners in low-to-moderate income (LMI) communities expand financial empowerment opportunities for youth. The Madison Avenue Clubhouse will have the capacity to serve more than 1,000 children each year coming from nine area schools of which
"Following the successful launch of our first two Finance Labs in Yonkers and the Bronx earlier this year, Webster is proud to expand its signature Finance Lab program into Connecticut with an investment of
"We are incredibly grateful to have Wakeman Boys & Girls Club's Madison Avenue Community Clubhouse selected as the site of Connecticut's first Webster Finance Lab. The Finance Lab will provide Bridgeport's children and teens with insight into careers in finance, allow them to connect with finance professionals, and learn the critical skills necessary to be fiscally responsible. This partnership with Webster truly supports our goal to ‘Build Great Futures,'" said Sabrina Smeltz, Wakeman BGC CEO.
Webster's partnership with the Wakeman BGC reflects its continuing support of programs that address financial empowerment, workforce development, community development and human services and basic needs. Webster's volunteerism initiatives also will play a key role in the partnership.
About Webster
Webster Bank ("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
About Wakeman Boys & Girls Club
Since 1913, Wakeman Boys & Girls Club has provided a safe place for youth and teens after school, evenings, and weekends. Focused on Academics, Character & Leadership Development, and Healthy Lifestyles with nationally acclaimed programming, the Club continues its mission "to guide and inspire young people, especially those who need us most, to reach their full potential as productive, caring, and responsible citizens." The organization serves 3,300 youth annually through its Smilow-Burroughs Clubhouse in Bridgeport and its three locations in Fairfield: the Southport Clubhouse and McKinley and Holland Hill School-Based Sites. For more information about Wakeman Boys & Girls Club, visit www.wakemanclub.org
Contact Information
Media Contact:
Elaine K. Ficarra
eficarra@websterbank.com
203-913-2716
Investor Contact:
Emlen Harmon
eharmon@websterbank.com
212-309-7646
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SOURCE: Webster Bank
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FAQ
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