Webster Bank marks 80 years

WATERBURY, Conn. – Webster Bank this month turned 80 years old and spent Oct. 9 celebrating at all 163 banking centers in Connecticut, Massachusetts, Rhode Island and HSA Bank in Wisconsin.
Eighty years ago, Harold Webster Smith borrowed $25,000 from family and friends to start the bank during the Great Depression. Smith was the financial institution’s sole employee for a number of years, and the bank was known in Waterbury, Conn., as “Harold’s Bank.” It remained that way until it was renamed Webster Bank 20 years ago, according to the bank’s history.
Today, Jim Smith, Harold’s son, runs the bank as its chairman and CEO.
“We’ve come so far since 1935,” Smith said. “While our mission has evolved and our footprint has expanded, the core values handed down by my father have endured and guide us every day in service to our customers and communities.”
Webster Financial Corp., parent of Webster Bank NA, today has $23.6 billion in assets.

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