Webster Bank Offers Special Assistance to Homeowners and Businesses Affected by October Snowstorm

Nov 04, 2011, 12:23 ET from Webster Bank

WATERBURY, Conn., Nov. 4, 2011 /PRNewswire/ -- Webster Bank is offering reduced loan rates and waivers of ATM fees and late fees on loan payments to customers and homeowners in Connecticut and Massachusetts affected by the October 29 – 30 snowstorm.

Those affected by the storm may apply for a new Webster Unsecured Personal Home Improvement Loan at an interest rate that is 1.5 percentage points below the standard rate. With loan amounts of $1,000 to $15,000 available, this fixed rate loan will provide a simple way for affected residents to gain fast access to funds for repairs and living expenses. This offer is valid through December 15, 2011.

In addition, Webster will refund ATM fees charged to Webster customers for the use of other banks' ATMs due to inability to access certain Webster ATMs during the storm. The bank will also waive late fees on loan payments that were due between October 29 and November 5 but not received on time due to storm-related power outages, branch closures, or delays in mail service.

To apply for the low interest loan or request any of these waivers, Webster customers may contact their local branch or call the Customer Care Center at 888-493-2783.

"Hundreds of thousands of people have had their lives disrupted by this unexpected storm and need assistance," said James C. Smith, chairman and CEO of Webster Bank. "Webster bankers are committed to provide financial support, including special terms on financial products and services, to see our customers through this latest weather-related hardship."

Small business owners impacted by the storm may contact Webster and have a small business specialist meet at your company about their financing needs. To make an appointment, call 877-864-2037 or contact any Webster branch.

All credit products, pricing and overdraft protection are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $18.0 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 171 banking offices, 485 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance; and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and 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:

Brenda Greene (401) 228-2083


SOURCE Webster Bank