Webster Raises Prime Lending Rate to 4.50 Percent

By , in PR PR Health on .

WATERBURY, Conn., Dec. 13, 2017 — Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that it has raised its prime lending rate to 4.50 percent from 4.25 percent effective tomorrow, December 14, 2017. 

About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $26.4 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 167 banking centers and 338 ATMs. Webster also provides mobile and Internet banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

Media Contact:                                                               

Investor Contact:                                                                                                                                                                             

Alice Ferreira, 203-578-2610                                            

Terry Mangan, 203-578-2318                                     

[email protected]                                            

[email protected]

View original content:http://www.prnewswire.com/news-releases/webster-raises-prime-lending-rate-to-450-percent-300571138.html

SOURCE Webster Financial Corporation

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.