Webster Financial to acquire Boston tech company for HSA Bank

Nancy Lavin

02/21/2022

WEBSTER FINANCIAL CORP., the parent company for Webster Bank, recently announced plans to acquire Boston-based Bend Financial Corp. to bolster its health savings account bank services.

PROVIDENCE – Webster Financial Corp. recently announced plans to acquire a Boston-based technology company to bolster its health savings account bank services, according to a news release.

The acquisition of Bend Financial Inc. will allow Webster to integrate Bend’s cloud-based HSA platform into its services for its own HSA Bank. Bend will continue to operate and serve its own clients under the terms of the agreement, the release stated.

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