Webster Private Bank Builds on Strong Relationships

WATERBURY, Conn., March 8, 2012 /PRNewswire/ -- Webster Bank has launched an enhanced full-service private bank to build on Webster's more than 76-years of experience, commitment, and trust and its reputation for superior service for the unique needs of high net-worth individuals. Webster Private Bank offers customized one-stop, full service financial solutions and is a natural extension of Webster's longtime mission--- to help customers reach their financial goals.

"The principles that guided my father when he founded the bank are still with us," said Jim Smith, chairman and CEO of Webster Bank. "At Webster, we respect the confidence our customers place in us. We strive to fulfill our responsibility to do right by them. We say its part of our DNA or our 'Type W Personality.' Webster Private Bank will up that a notch, providing comprehensive solutions and resources from a local team who you know and trust."

Webster Private Bank is featured in a special section in the edition of Forbes Magazine which hits newsstands on March 12.

Webster Private Bankers will work with individuals, businesses or non-profits with $1 million or greater in investible assets. To deliver this superior service quality and increased customer satisfaction, Private Bankers will work in seven regional teams throughout the four-state footprint that now stretches from Westchester County, New York through Connecticut and to Rhode Island and Boston.

Products and services offered include:

• Customized credit products--- specialized credit card, mortgages and collateralized loans;
• Premium Banking Services -- Premier checking with no access fees for ATMs anywhere and money market accounts with preferred rates
• Investment Management--- objective investment selection, asset allocation, and portfolio management ;
• Trust and Estate--- transfer planning, conservatorship, securities custody and special asset management;
• Philanthropic--- giving strategies and planned giving;
• Financial Planning--- cash flow, debt management, tax planning and retirement goals;

In addition to a full range of deposit services, custom lending, special checking features, asset management, and other preferred banking services, this "neighbor helping neighbor" relationship approach is geared toward qualifying customers who can also tap into Webster's local network of financial and investment professionals.

The team includes:

David J. Dixon, SVP and Director of Webster Private Bank: Dave oversees the private banking, trust and investment management and financial planning functions across the four-state footprint. Dave has more than 20-years experience in investment management and banking. He holds the Chartered Financial Analyst designation and is a member of the Hartford CFA Society.

Charles L. Olson, SVP, Director of Sales, Service and Marketing: Chip has more than 25 years experience in the financial services industry focusing on wealth management and private banking functions. He works with high net worth individuals and nonprofit institutions. Chip holds Series 7, 66, and Life and Health Licenses and serves the four-state footprint.

Theodore Bobroske, SVP, Senior Private Banker: Teddy has more than 25 years of experience specializing in complex wealth management solutions. Teddy serves on several civic and community boards and also serves as a Commissioner of the Connecticut State Boxing Commission. Teddy is the Webster Private Banker serving clients in Fairfield County.

John H. Driscoll, Jr., SVP, Senior Private Banker: John has more than 25 years of investment, financial, and estate planning experience with individuals, families, and business owners. John holds the Certified Financial Planner, Chartered Financial Consultant, and Chartered Life Underwriter designations. He is a member of four Estate and Tax Planning Councils throughout Connecticut and is a Webster Private Banker serving clients in Hartford County.

John M. Jezowski, SVP, Senior Private Banker: John has more than 25 years of experience serving in advisory roles in the financial services industry, spanning wealth management, investment banking, mergers & acquisitions, and strategic development. He holds FINRA Series 7 and 66 licenses, and Life and Health licenses. John is a Webster Private Banker serving both individual and institutional clients in Hartford County.

Amy B. Miller, VP, Private Banker: Amy is a 12 year veteran of Webster with a diverse background and provides banking and investment advice to families and individuals, senior corporate executives and business owners. Amy is a member of the Estate and Business Planning Council of Hartford. Amy serves as a Webster Private Banker in Hartford County.

Webster welcomes its three newest Private Bankers:

John K. Lynch, SVP, Senior Private Banker: John has more than 20 years of business development and wealth management experience, including business start-ups, estate services and financial planning. Prior to joining Webster, he was senior relationship manager at Wells Fargo Private Bank. John holds FINRA Series 7, 63, and Life and Health licenses.  He serves on the finance board for the Pathways to Excellence Committee in Westchester County and volunteers for various area youth sports organizations. John earned his Bachelors in management information systems from Iona College and is the winner of numerous merit-based performance awards. John is the Webster Private Banker serving clients in New York.

Mariana R. Sequeira, SVP, Senior Private Banker: Mariana brings to Webster a 35-year career with U.S. Trust/Bank of America, most recently as senior vice president/private client manager. She holds Series 7 and 66 Securities Brokerage licenses and the Insurance Producer license. A graduate of Providence College, she also holds Certified Trust & Financial Advisor designation from the Institute of Certified Bankers and Asset Management Specialist from the College of Financial Planning in Colorado. Mariana has served on numerous Rhode Island community boards and committees, including St. Mary's Academy – Bay View and the Providence College Fundraising Campaign. Mariana is the Webster Private Banker serving clients in Southeast Massachusetts and Rhode Island.

Jacquelyn Waddock, SVP, Senior Private Banker: Jacqui brings more than 20 years of banking and management experience to Webster. Prior to this, she was senior wealth management banker, resident manager at Bank of America in New Haven where she also spent many years in retail banking. Jacquelyn holds Series 7, 63, 24 Securities licenses and is a graduate of Georgetown University. Jacqui volunteers with Team in Training, running marathons to raise money for the Leukemia and Lymphoma Society. She is the Webster Private Banker serving the New Haven region.

Webster Private Bank will showcase unbiased asset allocation and portfolio management; access to experienced investment, credit, trust and institutional market specialists; the coordination of premiere legal, accounting and insurance professionals; and the strength of dedicated local Private Bankers, local resources and local decision making to these specialized accounts.

"Along with convenience and value, what distinguishes Webster Private Bank is the unrivaled advantage of being a trusted, local advisor providing retail and commercial banking and investment management totally focused on the clients' interests," added Jim Smith.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $19 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 168 banking offices, 473 ATMs, telephone banking, mobile banking, and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Webster Private Bank is trade name of Webster Financial Advisors, a department 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:
Sarah Barr, 203-578-2287
[email protected]

Investor Contact:
Terry Mangan, 203-578-2318
[email protected]

SOURCE Webster Financial Corporation