Webster Bank opens 17 centers in Greater Boston

BOSTON – Webster Financial Corp. announced last week the opening of 17 banking centers in Greater Boston, according to a press release.
The openings are on par with the bank’s plans that emerged after last month’s negotiations for the leasehold interest of 14 Citibank locations in the area. Webster is not acquiring any deposit or loan accounts from Citibank as a part of the transaction.
“We are delighted to be growing in Boston and finding fresh new ways to serve the people of this great city,” said Nitin Mhatre, executive vice president, community banking, in a statement.
The bank first entered the Boston market in 2009 with one banking center in the city’s financial district. The Waterbury, Conn.-based bank now has eight banking centers in Boston, three in Cambridge and one each in Brookline, Burlington, Lexington, Needham, Newton, Quincy and Wellesley.
“Now with these new banking centers, Bostonians can experience the surprisingly good customer service that has come to define Webster elsewhere in Massachusetts in New England,” Mhatre said.
The regional bank bills itself as the nation’s 35th largest bank by asset size, with 163 banking centers, with a footprint throughout Connecticut, Massachusetts, New York and Rhode Island. The bank most recently reported $23.1 billion in assets.

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