SOURCE: Webster Bank

Webster Bank

November 15, 2010 18:11 ET

Betteridge Jewelers Selects Webster Bank to Provide Banking Services

WATERBURY, CT--(Marketwire - November 15, 2010) - Webster Bank (NYSE: WBS) has been selected as the primary bank for Betteridge Jewelers of Greenwich, Conn., one of the world's oldest and most prestigious jewelry and watch businesses. Webster will provide a revolving credit facility and cash management services for Betteridge's three retail stores.

Founded in 1897, Betteridge is one of the oldest jewelry and watch businesses in the world to be owned by the same family throughout its lengthy history. Betteridge's CEO, Terry Betteridge, is a fifth generation jeweler whose roots date back to the 1700s in Birmingham, England where the Betteridge name was synonymous with fine jewelry design and silversmithing. In addition to Greenwich, Betteridge also has stores in Palm Beach, Florida and Vail, Colorado.

"We are delighted that Betteridge chose Webster to be its bank," said Martin Anderson, Webster Relationship Manager. "For more than a century, the Betteridge name has been world-renowned among luxury retailers. We look forward to working with the Betteridge family to contribute to the company's continuing success."

"As a family business owner I really appreciate a long-term view of customer relationship and found Webster wonderfully 'Old School' and a real 'Friend' in banking," said Terry Betteridge.

Webster Financial Corporation (NYSE: WBS) is the holding company for Webster Bank, National Association. With $17.8 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center, and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and the equipment finance firm Webster Capital Finance, and provides health savings account, trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit Webster's website at www.websterbank.com.

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