Webster Bank: Committed to Making an Impact in the Communities Where We Live & Work

Rhea-AI Summary

Webster Bank has initiated a three-year Community Investment Strategy with a commitment of $6.5 billion. This strategy focuses on enhancing community support through philanthropy, community development lending, and small business lending, with an emphasis on minority and women-owned businesses. Additionally, the bank's investments will also include Finance Labs aimed at promoting affordable housing investments. This initiative demonstrates Webster Bank's commitment to positively impacting the communities where it operates.

Positive

• Commitment of $6.5 billion over three years for community investments.
• Focus on minority and women-owned businesses through targeted lending.
• Investment in Finance Labs to promote affordable housing.

Negative

• None.

NEW HAVEN, CT / ACCESSWIRE / January 12, 2023 / Because philanthropy is such an important part of what Webster Bank's Office of Corporate Responsibility oversees, they have launched a Community Investment Strategy, committing $6.5 billion over three years. There are several ways they are investing in communities, including philanthropy, community development lending, and small business lending - specifically targeting minority and women-owned businesses. Webster Bank is also investing in Finance Labs, watching those with respect to philanthropy and affordable housing investment.

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Image courtesy of News 8 WTNH

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 source version on accesswire.com:
https://www.accesswire.com/735090/Webster-Bank-Committed-to-Making-an-Impact-in-the-Communities-Where-We-Live-Work

FAQ

What is Webster Bank's Community Investment Strategy?

Webster Bank's Community Investment Strategy is a $6.5 billion commitment over three years aimed at enhancing community support through philanthropy, lending, and investments, particularly targeting minority and women-owned businesses.

How much is Webster Bank investing in its Community Investment Strategy?

Webster Bank is investing $6.5 billion in its Community Investment Strategy over three years.

What areas does Webster Bank's investment target?

Webster Bank's investment targets philanthropy, community development lending, and small business lending, with a focus on minority and women-owned businesses.

What is the goal of Webster Bank's Finance Labs investment?

The goal of Webster Bank's Finance Labs investment is to promote affordable housing investments within the communities they serve.