Webster Bank reports $94M Q2 profit

WEBSTER FINANCIAL CORP. reported a $94 million second-quarter profit on Thursday. / PBN FILE PHOTO
WATERBURY, Conn. – Webster Financial Corp. saw a 77% increase in quarterly earnings compared to a year ago, reporting on Thursday a $94 million profit for the quarter that ended June 30. The spike in profits comes in part due to the parent company for Webster Bank releasing millions of dollars from its loan loss…

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