Webster Bank was founded in 1935 as First Federal Savings of Waterbury. The name of the company was changed to Webster Bank in November 1995. The headquarters of the company are in Waterbury, Connecticut. Webster Bank is a subsidiary of Webster Financial Corporation. Webster Bank is a type of public organization based in the United States. About 3,400 employees are working in the organization and contributing in the profitability of the bank.  It is interesting to note that Webster Bank is the 31st largest bank in the United States. 

The history of Webster Bank dates back to 1935 when Harold Webster Smith founded the organization. Smith was a 24 years old boy and he served the company as CEO until 1987. The history of Webster Bank is really interesting. In 1935, it was founded as a First Federal Savings of Waterbury. In 1938, the federal assets of the company grew to more than $1 million. After that the company started its operations very smoothly and in 1986, the company was transformed into a holding company when its stock ownership was offered. Harold Webster Smith became the chairman of the company in 1987 and his son James C. Smith became the second chief executive of the company. The chairmanship was transferred to James C Smith in 1995. With time many new services were introduced by the bank. In 1997 a new turn point in the history of Webster Bank when it introduced investment services. The branches of Webster Bank exceeded over 100 in 1998 and it also became the first bank in CT by purchasing an insurance agency in the same year. Webster Bank is registered on New York Stock exchange in 2002. The application of chartered commercial bank was made to the Office of the Comptroller of the Currency (OCC) and it was accepted in 2004. Webster Bank became the leading administrator and trustee of health savings accounts in the nation after the acquisition of HAS bank in 2005. Then in 2006, it acquired NewMil Bank.  Presently, the total assets of the bank are more than $17.5 billion and the market capitalization is over $2.6 billion. For providing the liquidity access to the people there are more than 300 ATMN machines installed by the bank. 

Webster Bank has been providing various financial products including mortgage banking, consumer financing, retail banking, health savings accounts, and investment services. In addition, the bank is also offering the home equity loans and lines of credit. You can also go for second mortgages and direct installment lending programs from Webster Bank. When we talk about the services of Webster Bank, then its asset-based lending services, residential mortgage origination, brokerage and investment products are actually worth of.  Moreover, the Webster Bank has been also benefiting the customers from its financial planning services. 

The products and services of Webster Bank are accessible by banking offices, online website and ATMs.  The popularity of Webster Bank is based on the reliability and quality of the services and products of the company. Webster Bank has always focused on providing the innovative services so that they may keep the customers satisfied. The reliability of the services offered by the bank is one major factor contributing towards its popularity otherwise surviving in such a tougher competition in the United States market is not very easy. Therefore, Webster Bank is one of the best names in the banking industry of the United States.