Webster Financial Corporation Increases Share Repurchase Authorization by $700 Million

Details

The repurchases will be made at management's discretion and could occur in open market or private transactions, through block trades, and pursuant to any trading plan adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The program does not have an expiration date but may be suspended, terminated, or modified by the Board of Directors at any time based on various factors. The increased authorization does not obligate the Company to purchase any particular number of shares.

Items reported

Exhibits (1)

About Webster Financial Corporation

Webster Financial Corporation operates as a cornerstone in the financial services sector. As a regional bank holding company, it primarily caters to consumer and commercial banking services. With its subsidiary Webster Bank, the corporation delivers a comprehensive range of financial products and services including consumer and commercial banking, mortgage lending, and asset management. Positioned strongly in the Northeastern United States, Webster Financial is pivotal in fostering local economic growth by providing critical banking services to individuals, small businesses, and corporations in the region. Its role extends beyond traditional banking by also offering customized financial solutions designed to meet the unique needs of diverse customer segments. In the financial market, Webster Financial Corporation holds significance due to its robust community ties and its contributions to regional economic stability, making it a vital player among mid-sized U.S. banks.