Webster offers public employee discount

WATERBURY, Conn. – Webster Bank is offering borrowers “employee pricing” – which provides an extra quarter of a percentage point discount – on new home equity line of credit applications.
The bank, subsidiary of Waterbury, Conn.-based Webster Financial Corp., said the interest-rate discount is part of a focus on lending to individuals and families. Webster said it is on track to significantly increase its home equity lending in 2010, year over year.
The discount – which is usually only granted to Webster employees – is available for home equity line of credit applications completed through July 6. The bank said borrowers can combine the employee pricing with other discounts offered by Webster for a total of up of to 1.5 percentage points off the interest rate.
Visit www.websterbank.com for more information. Webster Financial Corp. (NYSE: WBS) – a $18 billion company based in Waterbury, Conn. – is the holding company for Webster Bank N.A., a financial services company with more than 181 branches, including 13 branches in Rhode Island.