Webster Financial Corporation
Erin Fitzgerald
Danika Holmes
Jeremy Tejada
Nicholas Moreau
Team E
MKT-270-03100
Professional Selling
Professor Anstey
General Education Assignment/Team Project
Skillsoft®,Webster Financial Corporation
March 17, 2015
Webster Financial Corporation
Introduction
Webster Financial Corporation or better known as Webster Bank has been helping families, individuals, and businesses achieve their financial goals for more than three generations. Webster Bank has over 3,000 employees that are working towards the company’s values, which is to meet their customers’ needs. They also want to gain and keep customers’ trust, respect their dignity, and to work with the customers’ to achieve the best results possible. Webster Bank extends through four states, including New York, Connecticut, Rhode Island, and Massachusetts (Personal, 2015). This company was founded in Waterbury, Connecticut in 1935 for the sole purpose to help people achieve the American Dream of owning their own home. Webster Bank is ranked in the top 33 largest banks and in 2002, listed its shares in the New York Stock Exchange (NYSE) as Webster Financial Corporation. Webster Bank’s 164 branches provides institutional, government, business, and consumer banking, as well as financial planning and mortgages. The company promises that no matter how much they grow, their commitments will always stay the same (Personal, 2015).
Strengths
As a bank, Webster has many strengths and weaknesses. This is because of the amount of opportunities it gives and the amount of competition it has. Webster Bank lives off of their brand promise, “Living Up to You.” This shows the extent that they go to satisfy the customer and understand their lives beyond the bank. Each banker is deeply committed to their communities, extremely knowledgeable, and make local level decisions. Webster’s Commercial Bank generated $2.9 billion in loan originations during the year ending in December 31st, 2014. This is an 18.4% increase from the
Danika Holmes
Jeremy Tejada
Nicholas Moreau
Team E
MKT-270-03100
Professional Selling
Professor Anstey
General Education Assignment/Team Project
Skillsoft®,Webster Financial Corporation
March 17, 2015
Webster Financial Corporation
Introduction
Webster Financial Corporation or better known as Webster Bank has been helping families, individuals, and businesses achieve their financial goals for more than three generations. Webster Bank has over 3,000 employees that are working towards the company’s values, which is to meet their customers’ needs. They also want to gain and keep customers’ trust, respect their dignity, and to work with the customers’ to achieve the best results possible. Webster Bank extends through four states, including New York, Connecticut, Rhode Island, and Massachusetts (Personal, 2015). This company was founded in Waterbury, Connecticut in 1935 for the sole purpose to help people achieve the American Dream of owning their own home. Webster Bank is ranked in the top 33 largest banks and in 2002, listed its shares in the New York Stock Exchange (NYSE) as Webster Financial Corporation. Webster Bank’s 164 branches provides institutional, government, business, and consumer banking, as well as financial planning and mortgages. The company promises that no matter how much they grow, their commitments will always stay the same (Personal, 2015).
Strengths
As a bank, Webster has many strengths and weaknesses. This is because of the amount of opportunities it gives and the amount of competition it has. Webster Bank lives off of their brand promise, “Living Up to You.” This shows the extent that they go to satisfy the customer and understand their lives beyond the bank. Each banker is deeply committed to their communities, extremely knowledgeable, and make local level decisions. Webster’s Commercial Bank generated $2.9 billion in loan originations during the year ending in December 31st, 2014. This is an 18.4% increase from the
Bibliography: Personal. (2015). Retrieved March 12, 2015, from https://public.websteronline.com/personal Webster Financial Corporation Waterbury. (2015). Retrieved March 13, 2015, from https://www.nyse.com/quote/XNYS:WBS Skillsoft® Leadership Advantage TM. (2014). Retrieved March 13, 2015, from http://www.skillsoft.com/assets/brochures/datasheet_leadership_advantage.pdf