Average User Rating:
1 star rating based on 1 review.

Webster Bank

777 Northrop Rd.
Wallingford, CT
203-741-4855
www.websteronline.com

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Webster Bank is headquartered in Waterbury and is the 2^nd largest bank in the state of Connecticut. It is also the 65^th largest bank in the nation. It was established in 1870 and as of September of 2011, it had grown to 2,827 employees at 175 locations. Webster Bank has a 4-star health rating.

Webster Bank's New Monthly Checking Account Fee (Forum) - 11/13/2010

Banks are starting to charge monthly fees on "free" checking accounts unless customers perform a required number of transactions or maintain a minimum balance. Here's the new Webster Bank fee described by this Boston.com article: Customers using Webster B

Checking Bonus Of $25 To $100 At Webster Bank In CT, MA, RI & NY (Forum) - 8/22/2010

Webster Bank is offering a checking bonus with a bonus of $25 to $100 depending on the type of checking account you open. Click on the details link for the full details. This is the same promo that they were offering in February.

Checking Account Bonus of up to $100 at Webster Bank in NY, MA, RI and CT - Local Only - 2/21/2010

Webster Bank is offering up to $100 for opening a checking account and with some additional requirements. Details are listed in the bank's promotions page . Three different bonuses are available for ...

2.75% 7-Month CD & Money Market Special at Webster Bank in the Northeast - 4/3/2009

Update 4/18/09: These promotions are no longer listed at Webster Bank's website.Webster Bank is offering two competitive deals: a 2.75% money market savings account with the rate guaranteed to 6/30/09 and a 2.75% APY 7-month CD. Minimum deposit for both...

2008

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See Rates for: Checking | Savings | Money Market | CD

Webster Bank Checking Account Rates

Apy	Min	Max	Product
0.05%	$50k	-	Premier Checking
0.01%	-	-	WebsterOne Checking

Webster Bank Savings Account Rates

Apy	Min	Max	Product
0.45%	$100k	-	Premier Savings
0.25%	$50k	-	WebsterOne Savings
0.03%	-	-	Totally Free Savings

Webster Bank Money Market Rates

	Apy	Min	Max	Product
	0.25%	$100k	-	Premium Money Market

Webster Bank CD Rates

Apy	Min	Max	Product
1.50%	$1k	-	5 Year CD
1.25%	$1k	-	4 Year CD
1.00%	$1k	-	3 Year CD
0.75%	$1k	-	2 Year CD
0.50%	$1k	-	15 Month CD
0.10%	$1k	-	6 Month Liquidity CD

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Webster Bank, National Association
FDIC Certificate #	18221
BankRate Report	View
Year Established	1870
Employees	2827
Primary Regulator	OCC
Assets and Liabilities
Assets	$18.18 billion
Loans	$10.83 billion
Deposits	$13.76 billion
Equity Capital	$2.01 billion
Loan Loss Allowance	$257.35 million
Unbacked Noncurrent Loans	$221.28 million
Real Estate Owned	$17.50 million
Historic Data - September 2010
Assets	$17.75 billion
Equity Capital	$1.99 billion
Loan Loss Allowance	$340.16 million
Unbacked Noncurrent Loans	$310.91 million
Real Estate Owned	$27.81 million
Profit Margin - Quarterly
Net Interest Margin	3.54%
Return on Assets	0.9%
Return on Equity	8%
Interest Income	$524.27 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Webster Bank had $238.77 million in non-current loans and owned real-estate with $2.26 billion in equity and loan loss allowances on hand to cover it. This gives Webster Bank a Texas Ratio of 10.55% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Webster Bank decreased slightly from 14.50% as of September 30, 2010 to 10.55% as of September 30, 2011, resulting in a positive change of 27.23%.This indicates that the balance sheet and financial strength for Webster Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Webster Bank has decreased its total deposits by -$74.31 million, resulting in -0.54% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Webster Bank has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Webster Bank has $18.18 billion in assets with $2.26 billion in equity, resulting in a capitalization level of 12.45%, which is excellent.

Slow On Home Equity Line Approval. Promise To Call Me Back Not Kept. Poor Service.
1 stars

- tmaxroute5 - Wednesday, August 10, 2011 - 6:30 AM

Their 7-day guarantee is a joke. It has been 2 weeks and I have to chase down the branch manager every day. He said he would call me Monday. I had to call him at 6 PM. He said he would call me Tuesday before 4 PM so that he could get answers. He never called. I need a car but was getting a HELOC on a property that has no mortgage. THEY PROMISE EVERYTHING BUT CAN'T EVEN KEEP THEIR WORD ON GIVING YOU A PHONE CALL. DON'T GET A LOAN FROM THESE PEOPLE. I WOULDN'T EVEN WANT TO THINK ABOUT GETTING A MORTGAGE FROM THEM. It may take years. 1-800 customer service line not too helpful either.

Webster Bank

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