An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Webster Financial Corporation (NYSE: WBS), headquartered in Stamford, CT, announced an increase in its prime lending rate from 7.75% to 8.00%, effective March 23, 2023. This adjustment reflects the bank's strategic response to current economic conditions. Webster Bank, a major commercial bank in the Northeast, offers various financial solutions across commercial and consumer banking, as well as employee benefits through its HSA Bank division, which is among the largest in the U.S. The firm manages over $70 billion in assets and serves a broad geographic area from New York to Massachusetts.
Positive
Increase in prime lending rate from 7.75% to 8.00%, indicating strong financial positioning.
Negative
None.
STAMFORD, Conn.--(BUSINESS WIRE)--
Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 8.00 percent from 7.75 percent, effective March 23, 2023.
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 past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
