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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Nov. 25, 5:51 PM

Slide #3. Webster Financial Health Savings Account Business from JPMorgan Chase

Acquirer: Webster Financial (NYSE:WBS)
Acquiree: Health Savings Account Business from JPMorgan Chase
Details: Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that it has received all regulatory approvals necessary to consummate the acquisition of the health savings account (HSA) business from JPMorgan Chase Bank, N.A., a subsidiary of JPMorgan Chase & Co. (NYSE: JPM). This follows Webster's announcement on September 23, 2014 that it had signed a definitive agreement to acquire the HSA business from JPMorgan Chase Bank, N.A. The acquisition will solidify HSA Bank, a division of Webster Bank, as a leading provider of health savings accounts.

Webster Financial is a bank holding company and financial holding company. Co., through Webster Bank, N.A. and non-banking financial services subsidiaries, provides financial services to individuals, families and businesses primarily from Westchester County, NY to Boston, MA. Co. provides commercial, small business and consumer banking, mortgage lending, financial planning, trust and investment services via banking offices, ATMs, telephone banking, mobile banking as well as its Internet website, www.websterbank.com. Co. has three business segments: Commercial Banking, Community Banking, and Other. At Dec 31 2013, Co. had total assets of $20.85 billion and total deposits of $14.85 billion.

Preferred: WBS.PRE



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Company Name:  Webster Financial Corp (Waterbury, Conn)
Website:  www.websterbank.com
Sector:  Banking & Savings
Number of ETFs Holding WBS:  52
Total Market Value Held by ETFs:  $293.30M
Total Market Capitalization:  $2.84B
% of Market Cap. Held by ETFs:  10.33%
 

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November 25, 2014    5:51 PM Eastern
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