"In 1935, with $25,000 borrowed from friends and family, Harold Webster Smith founded the First Federal Savings and Loan Association of Waterbury, Connecticut, to help people build homes during the Great Depression. His vision was that banking should serve the people around you, not just the bottom line. The organization was later renamed Webster Bank when it went public in 2002 and converted to a national commercial bank in 2004, enabling broader service offerings while largely preserving its regional identity."
"Today, Stamford, Connecticut, serves as its headquarters, but its branches extend from suburban New York to Rhode Island and Massachusetts, giving it a solid regional footprint. Webster Bank (NYSE: WBS) remains true to its ethos: serving communities across the Northeast while moving billions of dollars of healthcare payments and powering fintech platforms behind the scenes. Webster Bank's evolution from a local thrift to a publicly traded commercial institution reflects a long-term focus."
Harold Webster Smith founded the First Federal Savings and Loan Association of Waterbury in 1935 with $25,000 borrowed from friends and family to help people build homes during the Great Depression. The organization later renamed itself Webster Bank, went public in 2002, and converted to a national commercial bank in 2004 to broaden service offerings while preserving its regional identity. Stamford, Connecticut serves as headquarters, with branches from suburban New York to Rhode Island and Massachusetts. Webster Bank serves commercial, consumer, and healthcare financial services, moves billions in healthcare payments, supports fintech platforms, and maintains a long-term, community-focused ethos.
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