Webster Raises Prime Lending Rate to 8.50 Percent

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Webster Financial Corporation (NYSE: WBS) Raises Prime Lending Rate to 8.50 Percent

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• Webster Financial Corporation (WBS) has increased its prime lending rate to 8.50 percent from 8.25 percent, effective July 27, 2023.

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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 8.50 percent from 8.25 percent, effective July 27, 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 more than $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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230726559555/en/

Media Contact:

Alice Ferreira, 203-578-2610

acferreira@websterbank.com

Investor Contact:

Emlen Harmon, 212-309-7646

eharmon@websterbank.com

Source: Webster Financial Corporation

FAQ

What is the new prime lending rate set by Webster Financial Corporation (WBS)?

Webster Financial Corporation (WBS) has raised its prime lending rate to 8.50 percent from 8.25 percent, effective July 27, 2023.

What is the ticker symbol for Webster Financial Corporation?

The ticker symbol for Webster Financial Corporation is WBS.

When will the new prime lending rate be effective?

The new prime lending rate set by Webster Financial Corporation (WBS) will be effective from July 27, 2023.