Webster Bank

Webster Bank

About Webster Bank

Simplify's Rating
Why Webster Bank is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Government & Public Sector

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Waterbury, Connecticut

Founded

1935

Overview

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Simplify's Take

What believers are saying

  • Increased focus on digital banking enhances Webster Bank's fintech partnerships and B2B offerings.
  • Webster Bank's role in Everstream's financing highlights its strong corporate banking position.
  • Acquisitions of Ametros and Bend Financial expand Webster Bank's reach in healthcare management.

What critics are saying

  • Integration challenges from Ametros and Bend Financial acquisitions may pose financial risks.
  • Competition from fintechs like Goalsetter could draw customers from traditional banks.
  • Large debt financings expose Webster Bank to potential credit risks if borrowers default.

What makes Webster Bank unique

  • Webster Bank leads in corporate banking with large-scale financial transaction management.
  • Strategic acquisitions in healthcare expand Webster Bank's service offerings and customer base.
  • Merger with Sterling Bancorp strengthens Webster Bank's market position and geographic footprint.

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Benefits

Professional Development Budget

Performance Bonus

Hybrid Work Options

Remote Work Options

Company News

Business Wire
Feb 4th, 2025
Air Industries Group Secures Expansion of Term Loan from Webster Bank

Air Industries Group (“Air Industries”) (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and d

Yahoo Finance
Mar 22nd, 2024
Tanya Van Court'S Goalsetter Closes On A $9.6M Series A Extension Round To Further Its Mission Of Financial Equity And Education

Tanya Van CourtTanya Van Court’s Goalsetter has reached yet another milestone since launching in 2019.As AFROTECH™ previously reported, the founder and CEO founded the fintech platform to help youth and families gain access to banking and financial education, including tools, investing, and savings. In 2021, Goalsetter’s mission caught the attention of NBA stars Kevin Durant, Carmelo Anthony, and Andre Drummond, who all invested in the company’s $15 million Series A funding round.Now, Goalsetter has announced that the round isn’t finished just yet. According to a press release shared with AFROTECH™, Goalsetter has closed on a $9.6 million Series A extension round.The new round was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund, the press release details. Fellow investors included Fiserv, Seae Ventures, Webster Bank, Astia Fund, Partnership Fund for New York City, Reseda Group, and InTouchCU.“Our new Series A extension marks a significant milestone for Goalsetter as we continue to redefine financial education and inclusion across America,” Van Court shared in a press statement. “This funding will empower us to enhance our B2B offerings and forge stronger partnerships with credit unions, banks, and wealth management institutions, expanding our reach and impact to ensure that the next generation can grow into savvy savers and investors.”She continued, “This is an investment in Goalsetter and in the future financial well-being of millions of young Americans. Together, we are building a foundation for a more equitable and financially literate future for all.”In addition to forming more B2B (business-to-business) and financial institution partnerships, Goalsetter plans to use the funding to “facilitate the launch of live bank and credit union product implementations and core processor integrations” in order to be more accessible to banks and credit unions across tech platforms.“Goalsetter has successfully produced measured and meaningful positive outcomes as it helps families of diverse demographics increase savings and practice smart spending habits, making them a unique player in this market,” said Liz Roberts, head of impact investing at MassMutual, one of Goalsetter’s leading investors

Business Wire
Dec 15th, 2023
Webster Signs Definitive Agreement to Acquire Ametros

Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. (

Fintech Roundup
Nov 30th, 2023
FinTech Global

FinTech Global is the world's leading provider of FinTech information services, B2B media products and industry events.

Webster Bank
Feb 17th, 2022
Webster Signs Definitive Agreement to Acquire Bend Financial | Webster Financial Corporation

The Investor Relations website contains information about Webster Financial Corporation's business for stockholders, potential investors, and financial analysts.

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