No Webster Bank Data on Computer Tapes Reported Missing at Bank of New York Mellon

WATERBURY, Conn., May 23 /PRNewswire/ -- Webster Bank, National Association, a subsidiary of Webster Financial Corporation (NYSE:WBS), reports today that Bank of New York Mellon has confirmed that no Webster Bank customer or Webster Financial shareholder information was on data tapes reported missing earlier this week.

Bank of New York Mellon concluded after a review completed today that there is no connection between Webster Bank or Webster Financial and the missing data tapes, and there is no impact on Webster Bank customers due to the incident.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.2 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 484 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Connecticut and provides health savings account trustee and administrative services through HSA Bank. Member FDIC and equal housing lender.

For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.WebsterOnline.com.

First Call Analyst:
FCMN Contact:

Photo: http://www.newscom.com/cgi-bin/prnh/20050606/NYWBLOGO
Source: Webster Bank, National Association

CONTACT: Webster Bank
Media:
Ed Steadham, 203-578-2287
esteadham@websterbank.com
or
Investors:
Terry Mangan, 203-578-2318
tmangan@websterbank.com

Web site: http://www.websteronline.com/

2008-05-23 17:08:47 0369936 PRNEWSWIRE