Webster Bank Ranked as a Top Workplace in Western Connecticut

WATERBURY, Conn., Sept. 19, 2011 /PRNewswire/ -- Webster Bank has been ranked as one of the Top Workplaces in western Connecticut by the Connecticut Post in Bridgeport, The News-Times in Danbury, The Advocate in Stamford and the Greenwich Time, based on the results of an employee survey administered by a third party.

Webster was honored as one of the top 10 organizations in the "large companies" category, which included firms with 250 or more employees. It was the only bank that made the top 10 large companies list.

"This ranking is a tribute to all Webster bankers, who live and work according to our Webster Way core values," said Jeff Brown, executive vice president, chief administrative officer. "These values are what differentiate us as an employer and they are reflected in our programs, such as recruiting and education."

The Top Workplaces survey was sent this spring to the 1,237 Webster employees based in Fairfield, New Haven and Litchfield counties. In all, 1,065 employees responded, or 37 percent of Webster's total workforce at the time. Webster's 86 percent participation rate was well above the median of just under 60 percent for all participating employers.

The 24-question survey asked Webster bankers for their opinions in six areas:

• Direction: An assessment of the company's values, leaders and strategy;
• Execution: An assessment of the how the company communicates and gets work done;
• Career: The opportunity for training and progression;
• Conditions: An assessment of the working atmosphere and working environment;
• Managers: The quality of the managers and their managerial skills; and,
• Pay and Benefits: An assessment of employee compensation for the work done.

The survey was administered for the four Hearst Connecticut Newspapers by Workplace Dynamics, a human resources survey and consulting firm that surveyed an estimated 700,000 employees in 3,000 organizations in 2010.

About Webster

Webster Financial Corporation (NYSE: WBS) is the holding company for Webster Bank, National Association. With $18 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 176 banking offices, 492 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; 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 the Webster website at www.websterbank.com.

Media Contact:
Robert Guenther, Senior Vice President, Public Affairs
203-578-2391, [email protected]

SOURCE Webster Bank

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