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Webster Bank reports $81.7M profit for Q2

WATERBURY, Conn. – Webster Financial Corp., the parent company of Webster Bank, reported Thursday that its second-quarter profit grew 32.6 percent year over year...
AFTER NEARLY TWO DECADES with The Lego Group, Colin Gillespie is looking to help Webster Bank employees continue to deliver a superior banking experience to its customers. / COURTESY WEBSTER BANK

Five Questions With: Colin Gillespie

Colin Gillespie, senior vice president, brand marketing, for Webster Bank, joins the Waterbury, Conn.-headquartered bank after a long career with the Lego Group, most...

Webster Bank hires Gillespie as senior vice president of brand marketing

PROVIDENCE – Colin Homer Gillespie has been appointed senior vice president of brand marketing for Webster Bank, reporting to Chief Marketing Officer Dawn C....

3 R.I. banks score highly in efforts to serve low-income...

PROVIDENCE – The federal Office of the Comptroller of the Currency announced performance evaluations of 32 national banks’ efforts to honor the terms of...
WEBSTER BANK has entered into an agreement to sell six branches, including a branch in Westerly, to United Bank.

Westerly location among 6 Webster branches sold to United Bank

WESTERLY – Webster Bank N.A. of Waterbury, Conn., has entered into an agreement to sell six bank branches to United Bank of Hartford, Conn.,...

Navigating the new rules affecting SBA loans

For months, you’ve been working to acquire a business using a Small Business Administration loan. But now you learn you need to bring substantially...
WEBSTER FINANCIAL CORP. is the Connecticut-based parent of Webster Bank. /PBN FILE PHOTO

Webster Bank posts $80M Q1 profit

WATURBURY, Conn – Webster Financial Corp. on Thursday reported first-quarter profit grew 34.9 percent to $80.2 million, or 85 cents per diluted share, compared...
JOHN R. CIULLA is the first CEO of Webster Bank who is not a member of the Smith family. / COURTESY WEBSTER BANK

Five Questions With: John R. Ciulla

When John R. Ciulla became CEO of Webster Bank at the beginning of 2018, he was just the third chief executive in the bank’s...
JOHN OLERIO is director and senior vice president of investment services at Webster Bank. / COURTESY WEBSTER BANK

Five Questions With: John Olerio

John Olerio is director and senior vice president of investment services at Webster Bank. He talks with Providence Business News about a new digital...
EDWARD O. Handy III is the chairman and CEO of Westerly-based Washington Trust Bancorp Inc., the second largest Rhode Island-based bank. / PBN FILE PHOTO/MICHAEL SALERNO

Banks are optimistic tax reform will benefit the bottom line long-term

The Rhode Island banking community has largely celebrated the sweeping tax overhaul approved by Congress that among other things lowered the corporate tax rate...
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