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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...
WEBSTER BANK has launched a new online-investment platform called Guided Wealth Portfolio.

Webster Bank launches new digital-investment platform

PROVIDENCE – In a move to expand its digital services, Webster Bank has launched a new online-investment platform called Guided Wealth Portfolio.The new platform...
WEBSTER FINANCIAL CORP. is the parent company of Webster Bank, which is based in Connecticut. The company saw its 33rd consecutive quarter of year-over-year revenue growth in the fourth quarter of 2017. / PBN FILE PHOTO

Webster reports Q4, 2017 profit growth

PROVIDENCE – Webster Financial Corp. on Tuesday reported 2017 profit increased 23.3 percent to $255.4 million, or $2.67 per diluted share, compared with $207.1...
CITIZENS BANK MAINTAINED its status as the bank with the largest percentage of deposits in the region, according to the latest FDIC data. /PBN FILE PHOTO/NICOLE DOTZENROD

Citizens Bank grows share of deposits in the region

PROVIDENCE –Citizens Bank N.A. cemented its position as the bank in the region with the highest market share of deposits on June 30, according...
WEBSTER FINANCIAL CORP., the parent company of Webster Bank reported a 24.5 profit increase year over year for the third quarter.

Webster reports 25.5% profit jump for Q3

WATERBURY, Conn. – Webster Financial Corp. on Thursday reported third-quarter profit of $64.5 million, or 67 cents per diluted share, an increase of 24.5...
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