WATERBURY, Conn., Oct. 18, 2016 /PRNewswire/ -- Webster Financial
Corporation (NYSE: WBS), the holding company for Webster Bank, today announced the release of its
company-run 2016 capital stress test results as required by the
Dodd-Frank Act. The stress test disclosure includes results
for both Webster Financial Corporation and Webster Bank, and can be found on Webster's
Investor Relations website under the heading
"Presentations" http://phx.corporate-ir.net/phoenix.zhtml?c=73114&p=irol-presentations.
Webster Financial Corporation's and Webster
Bank's regulatory capital ratios continue to significantly
exceed well-capitalized levels throughout the nine-quarter stress
test period. Results are based on a forward-looking exercise
using hypothetical severely adverse macroeconomic assumptions
developed and provided by the Federal Reserve and the Office of the
Comptroller of Currency, and do not represent Webster's economic
forecast.
About Webster
Webster Financial Corporation is the
holding company for Webster Bank,
National Association. With $25.1
billion in assets, Webster provides business and consumer
banking, mortgage, financial planning, trust, and investment
services through 176 banking centers and 349 ATMs. Webster also
provides telephone banking, mobile banking, 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
|
Sarah Barr,
203-578-2287
|
Terry Mangan,
203-578-2318
|
sbarr@websterbank.com
|
tmangan@websterbank.com
|
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SOURCE Webster Financial Corporation