|
|
|
Webster Bank Expands Government Finance Group
|
Business New Haven
1/7/2002
By: BNH
|
WATERBURY-Webster Financial Corp. (NASDAQ: WBST), which is the holding company for Webster Bank, announced the expansion of its Government Finance Group and the formation of a municipal securities underwriting unit.
The Government Finance Group provides financial advisory and deposit services to municipalities and other public entities. The group is one of the largest providers of government banking services in Connecticut and works with more than 100 public entities in the state.
In conjunction with its role as financial advisor to municipalities, Webster Bank's Treasury Group is expanding its capabilities to include underwriting and dealing in municipal notes and bonds.
“Connecticut investors historically have relied on commercial banks in their communities to purchase municipal bonds, an investment vehicle that provides tax advantages,” said R. David Rosato, Webster senior vice president and treasure. “Webster Bank is now able to meet the needs of those investors.”
As part of the expansion of its finance group, Webster announced the appointment of Barry J. Bernabe as vice president in the Government Finance Group. Prior to joining Webster Bank, Bernabe was employed by People's Bank and Fleet/Shawmut.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
