Webster Milestones

Our heritage and accomplishments are an important part of who we are today, a full-service commercial bank dedicated to helping our customers achieve their financial goals.

We have celebrated many milestones since our founding:

1935 - Harold Webster Smith founds First Federal Savings of Waterbury, a savings and loan in Waterbury, Conn. By 1938, its assets have grown to more than $1 million.

1986 - First Federal converts to stock ownership and forms a holding company.

1987 - James C. Smith becomes the company’s second chief executive officer, succeeding his father, Harold Webster Smith, who continues as chairman until he retires in 1995 and James C. Smith becomes chairman as well.

1991-2000 - Webster makes 21 acquisitions, expanding throughout Connecticut.

2002 - Webster is listed on the New York Stock Exchange under the ticker symbol, “WBS”.

2003 - Webster announces definitive agreement to acquire FirstFed America Bancorp, Inc., the holding company for First Federal Savings Bank of America. The deal, which closed in May 2004, marks Webster’s first retail expansion beyond Connecticut’s borders and into the southeastern Massachusetts and Rhode Island markets.

2004 - Webster converts to a national commercial bank charter.

2005 - Webster acquires HSA Bank and becomes one of the leading bank administrators and trustees of health savings accounts in the nation.

2009 - Pursuing its vision to be New England’s bank, Webster expands into the Boston market, opening a flagship office downtown in the building that once housed the Boston Stock Exchange.

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