BNET Industries
Market Cap:$384.6M
Last Fiscal Year Sales:$1.0B
- Public
- US
Dow Jones Description
Webster Business Credit will be the provider of choice for asset based financing and value added financial services to middle market companies. We are committed to build partnerships with our borrowers and to provide a superior level of customer service.
Chief Executive OfficerNathaniel Brinn
Number of Employees 2,782
Contact Information
Webster Plz WFD730
Waterbury, Connecticut 06702
(203) 465-4364
Peer Companies
NAICS Code Savings Institutions: 522120
Recent Events
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Webster Financial WBS NewsBite - WBS Upgraded By FBR Capital Markets
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STOCKS NEWS US-Volatility Indexes dip, lowest levels since Sept
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SmarTrendR News Watch: Webster Financial Rises on FBR Upgrade
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FBR Capital Upgrades Webster Financial WBS to Market Perform
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Webster Declares Convertible Preferred Stock Dividend
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Losses continue at Webster Bank parent
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Webster Financial opening bank branch in former Krispy Kreme in Cranston.
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Financial storm buffets Webster in ’08
News & Analysis
Filter by
webster financial corp. - All News and Analysis
Webster Financial Corp., Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Ladies and gentlemen, we will now be conducting a question-and-answer session. Operator instructions. Our first question is coming from Ken Zerbe with Morgan Stanley. Please state your question. Ken Zerbe - Morgan Stanley Thanks, good morning. James Smith Good morning,...
Webster Financial Corporation Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Ladies and gentlemen, we will now be conducting a question-and-answer session. Operator instructions Our first question is coming from Ken Zerbe with Morgan Stanley. Please state your question. Ken Zerbe – Morgan Stanley Good morning. James Smith Good morning. Ken Zerbe – Morgan Stanley I...
Foreclosure Relief: $1 Million Apiece
Greg Newton submits: ABOVE: Webster Bank WBS executives help themselves to $400 million from the Kash’n’Kari Capital Purchase Program. Connecticut is hardly unique in being littered with small-cap banks that have variously avoided the worst of the financial sector rout, lied more skillfully about their exposures,...
Webster Financial Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. [Operator Instructions]. Our first question is coming from Ken Zerbe with Morgan Stanley. Please state your question. Ken Zerbe Thanks, good morning. Jerry Plush Hello Ken. Ken Zerbe When you guys recently setup a liquidating portfolio, I was under the impression that you setup...
Lehman Brothers Take-over: Implications for Financials
Benjamin Mackovak submits: I thought it would be interesting to take a look at what a Lehman LEH take-over would imply for the valuation of financials. I ran a screen for financials with market caps above $900m that trade in the US and trade below current book value. I then...
Webster Financial Q2 2008 Earnings Call Transcript
Earnings Call ExcerptWebster Financial Corporation WBS Q2 2008 Earnings Call July 22, 2008 9:00 am ET Executives James C. Smith – Chairman and Chief Executive Officer Jerry Plush – Chief Financial Officer John Ciulla – Chief Credit Risk Officer Terry Mangan - Investor Relations Analysts James Abbott –...
Webster Financial Corporation Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. Our first question comes from Ken Zerbe with Morgan Stanley. Please state your question. Ken Zerbe Thanks. If I understood correctly, your provision expense of 15.8 matched your charge-offs with the continuing portfolio. Can you just talk about how you came to the...
Webster Financial Corporation Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question is from Andrea Jao from Lehman Brothers. Please proceed with your question. Andrea Jao Hello. James C. Smith Andrea. Andrea Jao Yes. James C. Smith Good morning. Andrea Jao Good morning. The goal of decreasing your...
Webster Financial Corporation Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. [Operator instructions]. Okay, our first question comes from the line of Mark Fitzgibbon with Sandler O'Neill. Please proceed with your question. Mark Fitzgibbon - Sandler O'Neill & Partners Hi, good morning. Gentlemen, you guys have had a... some pretty bad luck with...
Locally-owned Waterbury, Conn., bank charts future in era of rapid growth.
By David McPherson, The Providence Journal, R.I. Knight Ridder/Tribune Business News Nov. 7--WATERBURY, Conn. -- There stands at the corner of Bank and Grand streets a clock that memorializes the late Harold Webster Smith. Smith was the 24-year-old Waterbury native who...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Nathaniel Brinn | Chief Executive Officer |
| Warren K. Mino | President & Chief Operating Officer |
| Douglas O. Hart | Executive Vice President & Chief Accounting Officer |
| Jeffery N. Brown | Chief Admin Officer |
| Jo D. Keeler | Chief Credit Policy Officer |
| John R. Ciulla | Executive Vice President & Chief Credit Risk Officer |
| Michelle Crecca | Executive Vice President & Chief Marketing Officer |
| William Healy | CFO & Executive Vice President |
| Christopher O'Connor | Executive Vice President The Retail Finance Group |
| Denis W. St. Marie | Executive Vice President, Consumer Finance |
| Donald A. Cyr | Executive Vice President & Senior Operational Risk Officer |
| Harriet Munrett Wolfe | General Counsel, Secretary & Executive Vice President |
| Joseph J. Savage | Executive Vice President, Commercial Banking |
| Scott M. McBrair | Executive Vice President, Retail Banking |
| Patricia Sze-Benash | Senior Vice President, Marketing |
| Patrick T Murphy | Senior Vice President |
| Robert M.S LeBreux | Senior Vice President |
| Stephen J. Corcoran | Senior Vice President, Middle Mkt Commercial Banking |
| Terrence K. Mangan | Senior Vice President, Ir |
| Zeynep Fredrick | Senior Vice President |
| Adela Bernard | Vice President & Manager, Operations |
| Brenda Farrell | Assistant Vice President, Public Affairs, Webster Bank |
| Clark Finley | Vice President, Public Affairs |
| Craig Peterson | Vice President & Reg Manager, Production |
| Joyce Petrisko | Assistant Vice President, Public Affairs, Webster Bank |
| Kathryn Luria | Vice President, Community Affairs, Webster Bank |
| Nancy Scirocco | Vice President, Commercial Banking |
| Patricia Mills | Vice President, Cra Officer, Webster Bank |
| Peter Pauley | Vice President, Portfolio Manager & Investment Officer |
| Carol James Gooden | Community Development Portfolio Manager, Webster Bank |
| B Benjamin Cavallo | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| James C. Smith | Chairman & CEO |
| C. Michael Jacobi | Audit Committee Chairman |
| Geroge T. Carpenter | Board of Directors |
| Joel S. Becker | Board of Directors |
| John J. Crawford | Board of Directors |
| Karen R. Osar | Board of Directors |
| Laurence C. Morse | Board of Directors |
| Robert A. Finkenzeller | Board of Directors |
| Roger A. Gelfenbien | Board of Directors |
| William T. Bromage | Vice Chairman |
| Organization | Position | Status |
|---|---|---|
| Cardioready | President and CEO | Current |
| Webster Financial Corporation | Chief Executive Officer | Current |
| Webster Financial Corporation | Senior Vice President | Current |
| has Bank | Current | |
| Webster Financial Corporation | Executive Vice President of Corporate Development | Former |
| University of Delaware | Bachelor's Degree | Former |
James C. Smith is Chairman, Chief Executive Officer and a director of Webster and Webster Bank, having been elected Chief Executive Officer in 1987 and Chairman in 1995. Mr. Smith joined Webster Bank in 1975, and was elected President, Chief Operating Officer and a director of Webster Bank in 1982 and of Webster in 1986. Mr. Smith served as President of Webster and Webster Bank until April 2000. Mr. Smith is a member of the Federal Advisory Council, which advises the deliberations of the Federal Reserve Board of Governors. He is a member of the executive committee of the Connecticut Bankers Association, and is a former member of the board of directors of the American Bankers Association (ABA) and the Federal Home Loan Bank of Boston. He is a director of MacDermid, Incorporated (NYSE: MRD), and the Palace Theater and St. Mary s Hospital in Waterbury, Connecticut. Mr. Smith is Chairman of the Executive Committee.
| Organization | Position | Status |
|---|---|---|
| Wbst_Inc | Chairman & Chief Executive Officer | Current |
| Federal Reserve Bank of Boston | Director | Current |
| St. Mary's Hospital | Director | Current |
| Palace Theater | Director | Current |
| MacDermid, Incorporated | Member of the Audit | Current |
| Webster Bank | Chairman, President & CEO | Former |
| Webster Financial Corporation | Chairman & CEO | Current |
| Webster Financial Corporation | President | Former |
| MacDermid, Incorporated | Chairman | Former |
| The Federal Home Loan Bank of Boston | Director | Former |
| MacDermid, Incorporated | Director | Former |
| Webster Financial Corporation | Board of Directors | Former |
| Dartmouth College | A.B. Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Webster Business Credit Corporation | President | Current |
| Webster Financial Corporation | President & Chief Operating Officer | Current |
| Whitehall Business Credit Corporation | President & Chief Operating Officer | Current |
| American Investment Bank, NA | CEO | Former |
| Fleet Financial Group | Executive Vice President | Former |
| Webster Financial Corporation | Vice President | Former |
| P.J.'s Forgotten Children | Co-Founder | Former |
| Fleet Financial Group | Divisional Manager | Former |
| A.J.Armstrong Inc | Controller | Former |
| A.J.Armstrong Inc | Account Executive | Former |
| Wbcc | Former | |
| American Investment Bank, NA | Chairman | Former |
| Long Island University | M.B.A. In Finance | Former |
| Queens College | B.A. In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Executive Vice President & Chief Accounting Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Chief Admin Officer | Current |
| Webster Financial Corporation | Executive Vice President, Marketing, Communications & Strategy | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Chief Credit Policy Officer | Current |
| Webster Financial Corporation | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Executive Vice President & Chief Credit Risk Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Executive Vice President & Chief Marketing Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | CFO & Executive Vice President | Current |
| Webster Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Business Credit Corporation | Executive Vice President the Retail Finance Group | Current |
| Webster Financial Corporation | Executive Vice President The Retail Finance Group | Current |
| Webster Business Credit Corporation | Head of The Retail Finance Group | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Executive Vice President, Consumer Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Executive Vice President & Senior Operational Risk Officer | Current |
| Webster Financial Corporation | Senior Operational Risk Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | General Counsel, Secretary & Executive Vice President | Current |
| Webster Financial Corporation | Secretary | Current |
| Webster Financial Corporation | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Executive Vice President, Commercial Banking | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Executive Vice President, Retail Banking | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Senior Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Senior Vice President | Current |
| Horton International | Managing Director | Current |
| Connecticut Masters Swimming | Board of Directors | Current |
| Connecticut Masters Swimming | Member | Current |
| Webster Financial Corporation | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Senior Vice President, Middle Mkt Commercial Banking | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Senior Vice President, Ir | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Vice President & Manager, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Assistant Vice President, Public Affairs, Webster Bank | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Vice President, Public Affairs | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Vice President & Reg Manager, Production | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Assistant Vice President, Public Affairs, Webster Bank | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Vice President, Community Affairs, Webster Bank | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Bank | Vice President, Commercial Banking | Current |
| Webster Financial Corporation | Vice President, Commercial Banking | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Vice President, Cra Officer, Webster Bank | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Vice President, Portfolio Manager & Investment Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Community Development Portfolio Manager, Webster Bank | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Audit Committee Chairman | Current |
| CCA Inc | Audit Committee Chairman | Current |
| Sturm, Ruger & Co., Inc. | Board of Directors | Current |
| Invisible Technologies, Inc. | Board of Directors | Current |
| Corrections Corporation of America | Director | Current |
| Timex Corporation | CEO | Former |
| Katy Industries, Inc. | Chief Executive Officer | Former |
| Katy Industries, Inc. | President | Former |
| Timex Corporation | President | Former |
| Katy Industries, Inc. | Executive Officer | Former |
| Timex Corporation | Marketing, Sales, Finance and Manufacturing | Former |
| Wbst_Inc | Chairman | Former |
| CCA Inc | Director | Former |
| Timex Corporation | Board Member | Former |
| Webster Financial Corporation | Board of Directors | Former |
| Katy Industries, Inc. | Director | Former |
| University of Connecticut | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| C&S Insurance Agency, Inc | Current | |
| Webster Financial Corporation | Director | Current |
| Peoples Savings Bank | Director | Former |
| Boston College | M.B.A. | Former |
| Emory University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Torrington Supply Company Inc. | Chief Executive Officer | Current |
| Torrington Supply Company Inc. | Chairman | Current |
| Webster Financial Corporation | Board of Directors | Current |
| Torrington Supply Company Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| The Community Foundation for Greater New Haven | Chair, Investment Committee, Member, Audit and Executive Committees | Current |
| Albertus Magnus College | Board of Directors | Current |
| Webster Financial Corporation | Board of Directors | Current |
| Aristotle Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Great Lakes Chemical Corp | Executive Vice President and Chief Financial Officer | Current |
| Innophos, Inc | Board of Directors | Current |
| Sappi Limited | Board of Directors | Current |
| Allergan, Inc. | Board of Directors | Current |
| Webster Financial Corporation | Board of Directors | Current |
| Mead Corporation | Chief Financial Officer | Former |
| MeadWestvaco Corporation | Chief Financial Officer | Former |
| Chemtura Corporation | Chief Financial Officer | Former |
| Connecticut, Inc. | Chief Financial Officer | Former |
| Connecticut, Inc. | Executive Vice President | Former |
| Chemtura Corporation | Executive Vice President | Former |
| MeadWestvaco Corporation | Senior Vice President | Former |
| Tenneco, Inc. | Vice President | Former |
| Reable Therapeutics, Inc. | Board of Directors | Former |
| Tenneco, Inc. | Treasurer | Former |
| Chemtura Corporation | Board of Directors | Former |
| Columbia University | M.B.A. In Finance | Former |
| Smith College | B.A. In Latin American Studies | Former |
| Organization | Position | Status |
|---|---|---|
| Fairview Capital Partners, Inc. | Chief Executive Officer | Current |
| National Association of Investment Companies | Chairman | Current |
| Webster Financial Corporation | Board of Directors | Current |
| Opportunity Capital Partners | Board Advisor | Current |
| Wbst_Inc | Board of Directors | Current |
| Medventure Associates | Board Advisor | Current |
| Fairview Capital Partners, Inc. | Co-Founder | Former |
| Fairview Capital Partners, Inc. | Partner | Former |
| National Association of Investment Companies | Director | Former |
| Princeton University | Ph.D | Former |
| Princeton University | MA | Former |
| Howard University | BA | Former |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Webster Financial Corporation | Board of Directors | Current |
| Andersen Consulting | Partner | Former |
| Organization | Position | Status |
|---|---|---|
| Wbst_Inc | President & Coo | Current |
| Webster Financial Corporation | Vice Chairman | Current |
| Metrohartford Alliance | Board of Directors | Current |
| JA Worldwide | Board of Directors | Current |
| Webster Financial Corporation | Chief Operating Officer | Former |
| Webster Financial Corporation | President | Former |
| Webster Financial Corporation | Board of Directors | Former |
Executive News
-
Webster Announces the Results of Exchange Offer; Convertible Preferred Portion Oversubscribed
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