| Business Summary | | Webster
Financial
Corporation
(Webster),
through
its
subsidiaries,
Webster
Bank
(the
Bank),
Damman
Associates,
Inc.
and
Webster
D&P
Holdings,
Inc.,
delivers
financial
services
to
individuals,
families
and
businesses
primarily
in
Connecticut
and
financial
advisory
services
to
public
and
private
companies
throughout
the
United
States.
Webster
provides
business
and
consumer
banking,
mortgage
lending,
trust
and
investment
services
and
insurance
services
through
114
banking
offices
and
other
offices,
over
200
ATM's
and
the
Internet.
Webster's
online
mortgage
subsidiary
Nowlending,
LLC,
at
www.nowlending.com,
originates
residential
mortgages
throughout
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Webster
Financial
Corp.
is
a
bank
holding
company
for
Webster
Bank
in
Connecticut.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
13%
to
$391.1
million.
Net
interest
income
after
loan
loss
prov.
rose
15%
to
$171.8
million.
Net
income
before
acct.
change
and
extraordinary
item
rose
19%
to
$65.1
million.
Net
interest
income
reflects
a
higher
volume
of
loans
and
higher
net
interest
margin.
Higher
income
also
reflects
a
$8.3
million
financial
advisory
services
fee. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Smith, 51 Chairman,
CEO | $1.3M | William Bromage, 55 Pres
of the Company and Pres and Vice Chairman of the Bank | 686K | William Healy, 56 CFO,
Exec. VP | -- | Peter Mulligan, 56 Sr.
Exec. VP - Retail Banking | 470K | Ross Strickland, 51 Exec.
VP - Consumer Fin. | 404K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|