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Webster Names Daniel H. Bley Chief Risk Officer

WATERBURY, Conn., Aug 03, 2010 /PRNewswire via COMTEX/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that Daniel H. Bley has joined the company as Executive Vice President and Chief Risk Officer. In this capacity, he has overall responsibility for credit, compliance and operating risk as well as administrative responsibility for internal audit. Bley reports to Jerry Plush, Webster's Senior Executive Vice President and Chief Financial Officer.

Since 1994, Bley has worked at ABN Amro and Royal Bank of Scotland (RBS), which acquired ABN Amro in 2009. At RBS, Bley was a managing director in their Financial Institutions Credit group. In this role he led a team of senior credit officers covering global exposures to North American financial institutions. Previously, he was Group Senior Vice President- head of Financial Institutions and Trading Credit Risk Management at ABN Amro from 2002- 2008, where he was responsible for creating a credit risk management infrastructure to support the North American Financial Institutions and Global Markets business units.

"Dan has held important senior management roles and, as such, brings a wealth of experience in risk management to Webster," Plush said. "We are pleased to have him join our executive team."

Bley is a graduate of the University of Michigan and has a MBA in finance and strategy from the London Business School.

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $18 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 500 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, Webster Capital Finance, an equipment finance company headquartered in Farmington, Conn., and provides health savings account trustee and administrative services through HSA Bank, a division of Webster 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

    Media Contact                Investor Contact
    Ed Steadham 203-578-2287     Terry Mangan 203-578-2318

SOURCE Webster Financial Corporation