SOURCE: Webster Bank

Webster Bank

February 18, 2011 16:34 ET

Webster Bank Joins Movement to Encourage People to Save

Special Workshops and Savings Promotions Will Be Offered Online and in Branches During America Saves Week, Feb. 21 - 28

WATERBURY, CT--(Marketwire - February 18, 2011) - Webster Bank (NYSE: WBS), a leading New England financial institution, has joined "America Saves Week," a nationwide campaign to help Americans increase their savings rates.

"Webster joins more than 1,800 organizations in 47 states in this effort to teach everyone -- regardless of age or income level -- how a regular savings plan is an essential part of financial security," said Anne Slattery, executive vice president of retail banking. "We have tools that can make it easy for anyone to start saving, and our bankers are eager to teach everyone how to use them."

"We are at a critical moment," said Nancy Register, executive director of America Saves at the nonprofit Consumer Federation of America. "While we see the first hints of a recovery, too many Americans are not saving enough for emergencies, retirement, home buying or other mechanisms for building wealth. With our motto 'Start Small, Think Big,' we want everyone to know that they can build toward a goal."

From February 21 - 28, Webster will run special promotions in all branch offices and online. Many Webster branches will offer free workshops on topics ranging from social security and saving for retirement to college savings and savings advice for young adults. A complete schedule and other tools, such as a savings calculator, can be found on the website www.websterbank.com/americasaves.

About Webster:

Webster Financial Corporation 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.

About America Saves Week:

America Saves Week is a partnership of America Saves and the American Savings Education Council (ASEC). America Saves, organized by the Consumer Federation of America over a decade ago, is a national campaign to encourage and assist families, especially those with low- and moderate-incomes, to save and build wealth. ASEC, a program of the Employee Benefit Research Institute Education and Research Fund, is a national coalition of public- and private-sector institutions committed to making saving and retirement planning a priority for all Americans. More information about America Saves Week is available at www.americasavesweek.org.

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