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Overview

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Employer Type

PUBLIC

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2010 Employees (All Locations)

2,782

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Chairman & CEO

James "Jim" C. Smith

About the Company

Yankee banking

Webster Financial Corporation is the holding company for Connecticut-based Webster Bank, the largest independent bank headquartered in New England.  Webster’s four lines of business are retail banking, commercial banking, consumer finance, and wealth and investment services.

Webster was founded in 1935 by Harold Webster Smith, then just 24 years old.  Smith borrowed from his relatives to open First Federal Savings of Waterbury, a lending institution dedicated to providing home loans at low rates to Connecticut citizens.  It soon focused on expanding its commercial business, and in the process grew beyond Connecticut.

Today, the Webster footprint extends to the suburbs of Boston, through southern Massa...