WATERBURY, Conn., Sept. 18 /PRNewswire-FirstCall/ -- Webster Bank, a subsidiary of Webster Financial Corporation , announced today that it has lowered its prime lending rate to 7.75% from 8.25%, effective today, September 18, 2007. The prime rate last changed on June 29, 2006.
Webster Financial Corporation is the holding company for Webster Bank, National Association and Webster Insurance. With $16.9 billion in assets, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 177 banking offices, 337 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Connecticut and provides health savings account trustee and administrative services through HSA 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 http://www.websteronline.com/
Media Contact: Clark Finley, 203-578-2287
Investor Contact: Terry Mangan, 203-578-2318
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