connecticut type public traded as nyse wbs industry finance founded 1935 waterbury connecticut headquarters waterbury connecticut united states key people james c. smith chairman ceo & director products banking revenue 700 million usd fy 2005 number of employees approximately 3 400 slogan living up to you website www.websterbank.com webster footprint webster bank is a us commercial bank based in waterbury connecticut . it has 177 branches and 316 atms located in connecticut massachusetts rhode island and westchester county ny . 1 contents 1 history 1.1 timeline 2 company 3 references 4 external links history edit webster was founded in 1935 by harold webster smith as the first federal savings of waterbury in connecticut . only 24 years old smith borrowed from family and friends to found the lending institution providing home loans to connecticut citizens . he served as ceo until 1987 and as chairman of the board until 1995 when first federal was renamed webster bank in his honor . 2 timeline edit among milestones in webster s history 1935 harold webster smith founds a savings and loan first federal savings of waterbury . 1938 first federal s assets grow to more than 1 million . 1986 first federal converts to stock ownership and forms a holding company . 1987 james c. smith becomes the company s second chief executive officer succeeding his father harold webster smith who continues as chairman . 1995 harold webster smith retires as chairman and is succeeded by james c. smith . 1997 webster trust company n.a. and investment services are added to the bank s offerings . 1998 webster acquires eagle bank of bristol pushing its statewide branch total over 100 . 1998 webster becomes first bank in ct to purchase an insurance agency damman insurance . 2002 webster becomes listed on the new york stock exchange under the ticker symbol wbs . 2003 webster announces definitive agreement to acquire firstfed america bancorp inc. the holding company for first federal savings bank of america ; the deal which closed in may 2004 marks webster s first retail expansion beyond connecticut s borders and into the southeastern massachusetts and rhode island markets . 2004 webster announces that the office of the comptroller of the currency occ has accepted the company s application to be a chartered commercial bank . 2005 webster acquires hsa bank and becomes the leading bank administrator and trustee of health savings accounts in the nation . 2006 webster acquires newmil bank . 2016 webster acquires 17 citibank branches in the boston area and adds additional atm machines to support the network company edit webster financial corporation is the holding company for webster bank n.a. and webster insurance . webster bank owns the asset based lending firm webster business credit corporation the insurance premium finance company budget installment corporation webster capital finance and provides health savings account trustee and administrative services through hsa bank of sheboygan wi a division of webster bank . webster bank has over 24 billion in assets 3 2015 and a market capitalization of over 3 billion . its network includes over 177 branches and 316 atms located in connecticut massachusetts rhode island and westchester county ny . references edit webster financial corporation media room . jay webster financial corporation . retrieved january 30 2014 . who we are . webster financial corporation . retrieved january 30 2014 . webster bank national association . ibanknet . retrieved july 7 2015 . external links edit official site retrieved from https en.wikipedia.org w index.php title webster bank & oldid 739893187 categories companies listed on the new york stock exchangecompanies based in new haven county connecticutbanks based in connecticutwaterbury connecticut navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 17 september 2016 at 18 51 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view