UBS has expressed its desire to purchase Webster Financial Corporation, the parent company of Webster Bank, N.A., which includes the HSA Bank division.
Webster Financial operates through three main segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment serves businesses with sales over two million dollars, providing services like commercial real estate financing, asset-based lending, and cash management.
The HSA Bank segment offers various consumer-managed health and welfare benefits solutions, such as health savings accounts and flexible spending accounts. The Consumer Banking segment has a strong distribution network across southern New England and New York, with approximately 198 banking centers and 349 ATMs, as well as comprehensive online and mobile banking services.