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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The value of the deal was not disclosed. It is expected to close in the first quarter of 2022.
Nancy Lavin is a PBN staff writer. Contact her at Lavin@PBN.com.
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