WEBSTER FINANCIAL CORPORATION (NYSE:WBS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 25, 2017, Webster Financial Corporation (the “Company”) announced that in connection with the previously announced appointment of Gregory S. Madar as Chief Financial Officer of HSA Bank, a division of the Company’s wholly-owned subsidiary Webster Bank, National Association, Mr. Madar will no longer serve as the Company’s principal accounting officer. Effective July 24, 2017, Glenn I. MacInnes, Executive Vice President and Chief Financial Officer of the Company, will serve in that role instead of Mr. Madar until a new principal accounting officer is identified. Biographical information regarding Mr. MacInnes can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016.
About WEBSTER FINANCIAL CORPORATION (NYSE:WBS)
Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions. The Community Banking segment consists of personal banking, business banking and a distribution network consisting of banking centers and automated teller machines (ATMs), telephone banking, and Web and mobile-based banking services. HSA Bank, a division of Webster Bank, offers health savings accounts, health reimbursement accounts, flexible spending accounts and other financial solutions for healthcare. The Private Banking segment provides full relationship banking that serves high net worth clients, not-for-profit organizations and business clients for asset management, trust, loan, and deposit products and financial planning services.