# Webster Financial Corporation

Webster Financial Corporation is a Regional Commercial Bank based in Stamford, United States.

## Overview

- **Organization type:** Regional Commercial Bank
- **Headquarters:** Stamford, United States
- **Region:** North America
- **Address:** Stamford, CT, United States
- **Founded:** 1935
- **Assets under management:** Undisclosed
- **Website:** websterbank.com
- **LinkedIn:** https://www.linkedin.com/company/webster-bank

## Regulatory record

- **Reports private funds:** No

## About

Webster Financial Corporation was established in 1935. It offers banking services to individuals, families, and institutions in the United States. The company focuses on business services.

## Sectors

- Financial Services
- Commercial Banking
- Private Credit

## People

- John R. Ciulla — Chairman and Chief Executive Officer

## Questions

### Who runs Webster Financial Corporation?

John R. Ciulla serves as Chairman and Chief Executive Officer. He became CEO in 2018 and took the Chairman title in 2024. Ciulla previously served as President of Webster and as the bank's chief risk officer. The executive team reports to a publicly elected board of directors.

### How does Webster's credit portfolio break down?

Webster originates commercial and industrial loans to middle-market companies, asset-based lending facilities, sponsor-backed private credit, and commercial real estate loans. Its equipment finance unit underwrites leases and secured loans for capital equipment transactions. On the consumer side, the bank offers residential mortgages and home equity lines through its branch network.

### What is the significance of Webster's HSA Bank subsidiary?

HSA Bank is a top-five health savings account custodian in the United States, administering roughly $14 billion in HSA assets for employers and individuals. The division provides a source of low-cost, sticky deposits that fund Webster's commercial loan book, giving it a structural funding advantage compared to regional peers that rely more heavily on rate-sensitive wholesale funding.

### How did the Sterling Bancorp merger change Webster?

The merger closed in February 2022 and roughly doubled Webster's asset base to approximately $70 billion. It brought a complementary commercial and industrial loan portfolio, expanded the New York metropolitan footprint, and added significant deposit share in Westchester County and the surrounding suburbs. The combined entity operates under the Webster brand and charter.

### What geographies does Webster focus on?

Webster concentrates on the Northeastern United States, with a footprint stretching from Massachusetts south through Connecticut and into the New York metropolitan area, including Westchester County and northern New Jersey. Its HSA Bank division serves employers and individuals nationally.

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Last updated: 2026-06-03T20:00:00.000Z

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