WEBSTER BANK
Webster Bank, rooted in American financial history, holds a rich narrative marked by growth and adaptation to the evolving economic landscape. Initially founded as the First Federal Savings of Waterbury in Connecticut by Harold Webster Smith in 1935, Webster Bank was the manifestation of a 24-year-old's vision to offer home loans to the local populace. Through borrowed capital from close relations, Smith propelled the institution into the banking sector, marking the onset of a journey toward becoming a commercial bank. His tenure saw him at the helm as CEO until 1987, and later as chairman until 1995 when the institution adopted the name Webster Bank to honor its founder's legacy. To Read Core Details Of Webster Bank In short CLick Here.
The evolution of Webster Bank reflects a series of strategic decisions and expansions. Noteworthy milestones include its transition to stock ownership in 1986, the acquisition of Eagle Bank in 1998, which pushed its branch count over 100, and its listing on the New York Stock Exchange in 2002. The bank's growth trajectory continued with acquisitions like that of NewMil Bank in 2006 and 17 Citibank branches in the Boston area in 2016. The recent merger with Sterling National Bank in 2022, which shifted its headquarters to Stamford from Waterbury, significantly bolstered its asset base and extended its reach in the metropolitan New York City area, including New Jersey.
Webster Bank is classified as a commercial bank under a national (federal) charter, with its operations overseen by the Office of the Comptroller of the Currency (OCC). Being a member of the Federal Deposit Insurance Corporation (FDIC), it operates under the FDIC certificate number 18221, ensuring a layer of protection for its customers' deposits. It's routing number 221970443. Here is the list of Webster Bank Routing Numbers CLick Here. As of the latest data, Webster Bank boasts 269 branches spread across four states, namely Connecticut, New York, Massachusetts, and Rhode Island, marking its presence as the 43rd largest bank in the US by branch count.
The bank has tailored its services to resonate with modern banking needs, offering a blend of digital conveniences and personalized attention. Customers can manage their finances on-the-go through Webster's personal mobile banking platform, enjoying real-time access to their accounts in a secure digital environment. Furthermore, the bank emphasizes the ease of everyday financial transactions for both personal and business customers, aiming to foster a thriving economic relationship with them.
Webster Bank's banking policy encompasses a set of online account terms and conditions, alongside a privacy notice to safeguard customers' personal information. These measures are in line with the California Consumer Privacy Act (CCPA), underscoring the bank's commitment to adhering to legal and ethical standards in protecting consumer data.
The narrative of Webster Bank unfolds a story of a local bank morphing into a significant player in the regional banking sector, underpinned by a blend of traditional banking ethos and modern-day digital conveniences.
WEBSTER BANK INFORMATION
Bank Name | Webster Bank |
---|---|
Headquarters | 137 Bank St, Waterbury, Connecticut 06702 |
Bank Class | National Bank - FED Member |
CEO | John R. Ciulla |
Bank FDIC | Certificate #18221 |
Swift Code | WENAUS31XXX |
Atm's | 300 |
Location | 269 Branches in 4 states |
Routing Number | Click Here |
President | John R. Ciulla |
Customer Service | 1 (800) 325-2424 |
Credit Card Support | 1 (800) 325-2424 |
Number of Employees | 3400 |
ISIN | US9478901096 |
Area Served | Connecticut, Massachusetts, Rhode Island and the New York Metro |
Key People | John R. Ciulla (President and CEO) James C. Smith (Chairman) |
Website | https://www.websterbank.com/ |
WEBSTER BANK ROUTING NUMBERS
221970443
WEBSTER BANK SWIFT CODE WENAUS31XXX DETAILS
A SWIFT code, also known as a BIC (Bank Identifier Code), is a standard format for uniquely identifying banks globally, especially during international transactions. It comprises 8-11 characters. The first 4 characters represent the bank's code, the next 2 denote the country, followed by 2 for the city. The remaining characters (which are optional) specify the bank's branch. This system ensures secure and efficient cross-border transfers. For instance, when sending money overseas, one would need the recipient's bank SWIFT code. It acts as an address that tells where to send the money, ensuring funds reach the correct institution.
WEBSTER BANK
-
Country code A-Z
2 letters representing the country the bank is in.
-
Location code 0-9 A-Z
2 characters made up of letters or numbers. It says where that bank's head office is.
-
Branch Code 0-9 A-Z
3 digits specifying a particular branch. 'XXX' represents the bank’s head office.
WEBSTER BANK IN STATES
HISTORY OF WEBSTER BANK
Below is a list of some important events in banks history, including mergers and acquisitions.
DATE | EVENT |
---|---|
01-01-1870 | Institution established. Original name: Bristol Savings Bank. |
09-30-1976 | Changed Institution Name to Bristol Savings Bank. |
03-03-1994 | Changed Organization Type to Stock Savings Bank. |
11-01-1995 | Changed Chartering Agency to Ots. |
11-01-1995 | Changed Primary Federal Regulatory Agency to Ots. |
11-01-1995 | Changed Institution Name to Webster Bank. |
11-01-1995 | Main Office moved to 145 Bank Street, Webster Plaza, Waterbury, CT 06702. |
11-01-1995 | Acquired First Federal Bank, a federal savings bank (29574) in Waterbury, CT. |
11-01-1995 | Acquired Shelton Savings Bank (27162) in Shelton, CT. |
11-01-1995 | Changed Trust Powers to N/a. |
11-01-1995 | Main Office moved to 145 Bank Street, Webster Plaza, Waterbury, CT 06702. |
01-31-1997 | Changed Trust Powers to Full. |
01-31-1997 | Acquired The Derby Savings Bank (18192) in Derby, CT. |
07-31-1997 | Acquired Peoples Savings Bank & Trust (18211) in New Britain, CT. |
04-15-1998 | Acquired Eagle Bank (28052) in Bristol, CT. |
04-21-1999 | Acquired Maritime Bank & Trust Company (33402) in Essex, CT. |
05-19-1999 | Acquired The Village Bank & Trust Company (21819) in Ridgefield, CT. |
12-01-1999 | Acquired Community Bank (26193) in Bristol, CT. |
12-01-1999 | Acquired The Equity Bank (27036) in Wethersfield, CT. |