Webster to Recognize Juneteenth with National, Regional Investments

Rhea-AI Summary

Webster Bank has reaffirmed its commitment to promoting diversity, equity, and inclusion in the workplace. In observance of Juneteenth in 2021, the bank will invest in organizations focused on racial equity and social justice, including the Equal Justice Initiative and YWCA of Southeastern Wisconsin. Additionally, Webster Bank is a Silver Circle sponsor for the 2021 Juneteenth Virtual Celebration. With $33.3 billion in assets, Webster offers diverse banking services while actively engaging in community support for racial equity.

Positive

• Continued investments in racial equity and social justice organizations.
• Participation as a Silver Circle sponsor for the Juneteenth Virtual Celebration.
• $33.3 billion in assets indicating strong financial stability.

Negative

• None.

WATERBURY, Conn., June 15, 2021 /PRNewswire/ -- Webster Bank remains committed to building a culture of diversity, equity and inclusion in the workplace. We believe it is important to go beyond simply standing in solidarity with the Black community, and become more thoughtful and engaged in further dialogue and actions that will help promote change.

In 2021, Webster will again observe Juneteenth with continued investments in national and regional organizations working to address issues of racial equity and social justice. 

Building on existing relationships with these organizations, we will make donations to: the Equal Justice Initiative, a national human rights organization that advocates for criminal justice reform and racial justice; the Hartford, Connecticut-based RE-Center Race & Equity in Education, which develops programming around the impacts of racial inequity on student mental health; and the YWCA of Southeastern Wisconsin in support of its mission to eliminate racism and empower women. 

Webster is also a Silver Circle sponsor for the 2021 Juneteenth Virtual Celebration, presented by The Amistad Center for Art & Culture at the Wadsworth Athenaeum in Hartford, Connecticut.

To learn more about our Diversity, Equity and Inclusion program, visit https://public.websteronline.com/about/diversity-equity-and-inclusion.

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About Webster

Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $33.3 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 130 banking centers and 253 ATMs. Webster also provides mobile and online banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. 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.

Media Contact:
Alice Ferreira, 203-578-2610
acferreira@websterbank.com

Investor Contact:
Kristen Manginelli, 203-578-2307
kmanginelli@websterbank.com

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SOURCE Webster Bank

FAQ

What investments is Webster Bank making for Juneteenth 2021?

Webster Bank is investing in organizations like the Equal Justice Initiative, RE-Center Race & Equity in Education, and YWCA of Southeastern Wisconsin to promote racial equity.

How is Webster Bank promoting diversity and inclusion?

Webster Bank emphasizes diversity, equity, and inclusion through workplace initiatives and community investments, particularly in relation to Juneteenth.

What is the significance of Juneteenth for Webster Bank in 2021?

Juneteenth is significant for Webster Bank as it marks the bank's commitment to racial equity by supporting related organizations and hosting community events.

What is Webster Bank's asset size as of June 2021?

As of June 2021, Webster Bank has $33.3 billion in assets.