Webster Raises Prime Lending Rate to 7.75 Percent
Webster Financial Corporation (NYSE: WBS) announced an increase in its prime lending rate, rising from 7.50% to 7.75%, effective February 2, 2023. This decision reflects the company's ongoing efforts to adapt to changing economic conditions and could impact borrowing costs for consumers and businesses. With over $71 billion in assets, Webster is a leading commercial bank in the Northeast, providing diverse financial solutions through its various divisions, including the significant HSA Bank.
For more information on Webster's operations and financial performance, visit their website.
- Increase in prime lending rate to 7.75%, signaling potential for higher interest income.
- Company holds over $71 billion in assets, indicating strong financial health.
- None.
About Webster
Media Contact:
acferreira@websterbank.com
Investor Contact:
eharmon@websterbank.com
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